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Australia PM says 'would have been better' to order banking probe earlier

The wide-ranging inquiry, known as a 'Royal Commission', has proved a headache for the government

Reuters  |  Sydney 

Australia's Prime Minister Malcolm Turnbull said on Saturday that it would have been better to order a major investigation now under way into misconduct in the country's troubled banking industry "some time ago". The wide-ranging inquiry, known as a 'Royal Commission', has proved a headache for the government, criticised for its reluctance to order the probe, as well as a severe setback for Australia's major lenders and its largest listed wealth manager AMP. "With the benefit of hindsight, it would have been better, certainly from a political ...

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First Published: Sat, April 28 2018. 20:41 IST
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