Background
What was the Royal Commission Review created to reveal?
Ever since the 2008 GFC and subsequent heavy regulation of international banking institutions, there has been speculation over the Australian banking industry’s level of misconduct. The review was conducted in an environment of political pressure and has revealed what many in the industry already assumed. The below details a condensed version of the key issues that all customers of banks may have been subjected to as identified by the 900+ page Royal Commission Report.