23 April

Tony, always the man for the big end of town. Notice that he's diagnosing what happened with banks as being a fault with the regulator. The banks apparently aren't responsible for their own misconduct, the fault was with the regulator for not finding it and stopping it. "What were the regulators doing to allow all this to be happening? And that's the thing that keeps occurring to me every time I read fresh revelations." Mr Abbott told 2GB radio on Monday. "My fear is that at the end of this royal commission, we will have yet another level of regulation imposed on the banks when, frankly, what should happen is, I suspect, all the existing regulators should be sacked and people who are much more vigilant and much less complacent go in their place."