Watch out for the seven deadly sins

Michael Murray: There is something for everyone in the banking inquiry’s terms of reference, but the politicians should concentrate on seven issues in particular

The Committee of Inquiry into the Banking Industry is at last set to get going. The terms of reference for the inquiry are broad and comprehensive. So it will likely be challenging for the committee to report comprehensively this side of the next general election.

The members of the committee from the current government parties will surely want to pin the lion’s share of the blame for what happened on their predecessors and ...