Regulators

Reflection before reaction

My daily consumption of media had me pore over an article in The Conversation the other day, my head nodding like one of those kitschy dogs on the back ledge of cars and my mouth muttering yes, yes, yes.

And then I stopped, the affirmative pronouncements giving way to a reminder from way back, when a particularly wise person in my life once suggested we should pause to reflect before we react.

The article was all about APRA’s announcement of an independent inquiry into the Commonwealth Bank of Australia (CBA) and its governance, culture and accountability in the light of the money-laundering scandal embroiling the bank.

The author’s thrust seemed perfectly reasonable.
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