Eryk Bagshaw is an economics reporter for the Sydney Morning Herald and The Age, based in Parliament House
The Turnbull government has set itself a week to find a chief commissioner to tackle the royal commission into banking and financial services, after a dramatic policy backflip saw it establish an inquiry that is far broader in scope than any bill proposed by rebel MPs.
The Turnbull government will establish a royal commission into misconduct in Australia's banking sector.
Treasurer Scott Morrison has launched an extraordinary attack on the economic credentials of Labor candidate Kristina Keneally in front of 300 business leaders, while trashing the economic legacy of the Labor government's handling of the global financial crisis.
The Greens have thrown their weight behind a commission of inquiry into the baking and financials services sector after securing last minute amendments from Nationals Senator Barry O'Sullivan.
The former head of the government's 2014 Financial System Inquiry, David Murray, rounded on the suggestion of a royal commission or inquiry.
They've investigated Australia's butter industry, drug trafficking, and most recently, trade union corruption - but we are not going to have a Royal Commission into the banks in this term of government.
The Ashes will enter their third fourth day on Sunday, and sports diplomacy, once described as "unloved, under-resourced and under-represented," has emerged as a key strategy of international relations, where multi-billion dollar deals are berthed, and foreign diplomats and businesses court elected officials.
Treasurer Scott Morrison will call in Australia's banks on Thursday in a bid to head off a backbench push for a banking royal commission.
The Coalition is not afraid of getting into business with the cryptocurrency world.
Reserve Bank governor Philip Lowe has pointed the finger at employers for Australia's extraordinarily low rate of wage growth, saying it means low interest rates for months to come.
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