Turnbull announces banks royal commission
AAP
Prime Minister Malcolm Turnbull has announced a royal commission into misconduct in the nation's financial sector.
The inquiry will be run by a former or serving judicial officer for 12 months, reporting back to the federal government by February 2019.
The terms of reference will ensure a comprehensive investigation into how financial institutions have dealt with cases of misconduct in the past, and whether those examples expose issues of cultural and governance issues, Mr Turnbull said.
Share a tip-off, video or photo with us
Most viewed in Australia
Australian woman who died after falling from cliff near Bali was Queensland ecologist
PM ‘stunned’ over Pauline Hanson’s attack on his late mother
Six years ago, Australia had a $38 billion early super experiment. It didn’t go to plan
Tony Abbott’s ex-chief of staff says she wanted Julia Gillard to succeed
