Five years on from Banking Royal Commission – what’s been learned

27 October 2023

ABC NewsRadio Breakfast interview with Peter Lock conducted by Senior Business Correspondent Peter Ryan on the sidelines of the BCCM Leaders’ Summit in Brisbane:

It’s now five years since the financial services Royal Commission uncovered a range of unlawful and unethical behaviour across the commercial banking sector.

But what lessons have been learned from Kenneth Hayne’s key findings that major banks pursued profit ahead of the interests of customers?

No much, according to Peter Lock CEO of the mutual Heritage and People’s Choice.

Listen to the interview on SoundCloud.

Peter Ryan and Peter Lock
Peter Ryan and Peter Lock at the 2023 BCCM Leaders’ Summit

Latest news

23 March 2026

Goulburn community celebrates Australia’s first community‑owned solar farm and battery

Australia’s first community‑owned solar farm and battery, a landmark achievement in democratic ownership and regional leadership in the clean energy transition.
23 March 2026

NSW Parliamentary Secretary to the Treasurer champions the Power of Co in Parliament

The Parliamentary Secretary to the NSW Treasurer, David Mehan MP, Member for The Entrance, has delivered a strong endorsement of Australia’s co‑operative and mutual...
11 March 2026

Strengthening gender equality in co‑operatives: Australia contributes to new Asia–Pacific study

The BCCM welcomes the ICA‑AP Committee on Women’s regional study, Review of Gender‑Based Policies in Cooperatives in Asia and the Pacific.