Banking Inquiry: Eight years on we have one report and no repercussions

What the banking inquiry really exposed was that there was no ‘gotcha’ moment, just a long period of bad politics, negligible regulation, and reckless trading, writes Michael Clifford

The banking inquiry exposed the best and the worst of what public life has to offer.

There was much on which to commend the 11 members of the committee. They put in long, dogged hours to a task that offered zero electoral advantage, and the possibility of public opprobrium.