‘No teeth’ in banking royal commission recommendations: Creighton
The banking royal commission report was 'big on rhetoric' but 'had no teeth', says The Australian's economics editor, Adam Creighton. Mr Creighton told Sky News the report was 'scathing', but of the 76 recommendations, forcing upfront payment to mortgage brokers was the only one 'with teeth' and the only measure the government hasn't supported. National Australia Bank chief executive Andrew Thorburn and chairman Ken Henry resigned from their posts on Thursday in a bid to appease angry investors in the wake of the royal commission.