My latest article in The Spectator …

No amount of regulation has been able to force our banks to behave ethically because the banks will always have smarter lawyers than the government. The only way to restore fair banking practice is free market competition.

Suncorp Bank is on the market and the ACCC refused ANZ permission to buy it. The Future Fund should step in, buy Suncorp and turn it into a people’s bank. Suncorp should then be run in a way that guarantees cash, face-to-face banking services through a branch or Australia Post outlet, prohibits de-banking and decides loan applications on financial merit alone, rather than ESG and other political measures.