When Senator John Wacka” Williams had pushed for a banking royal commission into whether any of Australia’s financial services entities had engaged in misconduct, he thought he “had heard everything” but even he has been surprised by what followed.
“I thought I had heard everything during the numerous parliamentary inquiries where bank executives had sat before committees and profusely apologised for bad behaviour, and they continually assured us it wouldn’t happen again and the processes were fixed,” he said.
“Obviously we weren’t being told everything. The Royal Commission has dug deep and exposed wrongdoing and reputations have been trashed.
“Australians don’t deserve to be treated this way and it will take a long time for trust to be re-established.”