Will any lessons be learned from the banking inquiry?
The banking inquiry is unlikely to find a smoking gun. So was it all a waste of time?
The banking inquiry reconvened last week to hear from the few remaining witnesses. There will be more next week. After that, it will begin preparing its report.
The inquiry, according to reports, has spent August attempting to address several apparent contradictions in evidence. However, significant resources should not be devoted to this aspect, since the inquiry is not permitted to make “findings of fact”. In addition, the apparent contradictions are either not new ...
