A man banks at a Commonwealth Bank automatic teller machine in Sydney. Photo: Reuters

Landmark inquiry targets Australian banks’ corporate greed, malpractice, calls for tougher regulation, penalties

  • Commission’s recommendations were released by the government after 11 months of shocking revelations of financial wrongdoing which wiped US$43.45 billion from the country’s top finance stocks
  • It made 76 recommendations that included a renewed focus on the corporate and prudential regulators and the need for a new oversight authority
Topic |   Australia

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A man banks at a Commonwealth Bank automatic teller machine in Sydney. Photo: Reuters
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