The Turnbull government is establishing a royal commission into misconduct in the financial services industry. #auspol @AAPNewswire
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"But it will be able to make recommendations the government can consider in the interests of making our financial system the most competitive, transparent and accountable in the world."
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Treasurer @ScottMorrisonMP describes establishing the royal commission as a "regrettable but necessary" action. #auspol
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"Politics is doing damage to our banking and financial system, and we are taking control," Mr Morrison says.
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