Royal Commission must investigate deeper to clean the bank’s dirty water if public trust and confidence is ever to return

How can you get clean laundry using dirty water?

Whistleblower Jeff Morris says while the process [Royal Commission] has been worthwhile it has only “scratched the surface”.

“Having been inside the banks, it is a very sycophantic world where nobody contradicts the corporate speak and everyone drinks from the same water fountain,” he said.

Mr Morris said the royal commission had uncovered more than most of the people who called for it expected, but nothing had surprised him.

“I would have to say that I am disappointed that it has still not grappled with either the depth or the breadth of misconduct in the banking sector,” Mr Morris said.

“The banks are still taking the line that there was nothing intentional in their actions and it is just the result of a succession of unfortunate events and accidents. It doesn’t happen as a result of mistakes; there had to be some intent behind it.”

Many say the banks still have the intent to deceive and swindle the public unless the commission goes deeper. Failing this, an aware public will withdraw from using banks altogether.

$75 million for a year long commission is insignificant to the billions made from misconduct.

Sources:
http://webstreaming.lawinorder.com.au/fsrc
https://www.smh.com.au/business/banking-and-finance/it-was-worth-it-victims-who-fronted-royal-commission-give-their-verdict-20181129-p50j3v.html