<iframe src="//www.googletagmanager.com/ns.html?id=GTM-K3L4M3" height="0" width="0" style="display:none;visibility:hidden">

Flat White

Ignore Hayne and deregulate the banking sector

14 February 2019

7:31 AM

14 February 2019

7:31 AM

It may seem paradoxical – even insane in polite society. But with a surge of new technologies emerging, which could provide competition for traditional banking, the government would do well to consider responding to the Hayne Royal Commission by deregulating the banking sector.

The news of the month has been the Hayne Royal Commission into financial services, which contained damning reports of dastardly misdeeds by big bad bankers, who presumably smoked cigars lit with $20 bills while they charged fees for no service and committed other iniquities.

Already a subscriber? Log in

Subscribe for just $2 a week

Try a month of The Spectator Australia absolutely free and without commitment. Not only that but – if you choose to continue – you’ll pay just $2 a week for your first year.

  • Unlimited access to spectator.com.au and app
  • The weekly edition on the Spectator Australia app
  • Spectator podcasts and newsletters
  • Full access to spectator.co.uk
Or

Unlock this article

REGISTER


Comments

Don't miss out

Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.

Already a subscriber? Log in

Close