The release of the Report of the Financial Services Royal Commission will be an event eagerly awaited by many as we begin 2019. The only local precedent is the wider-ranging 1935 Banking Royal Commission. That inquiry initiated the establishment of an Australian institutional structure that for half a century not only avoided depression and further reckless lending but also helped secure rising prosperity throughout our society. To simplify, the 2018 Financial Services Royal Commission (FSRC) …
