Should We Have a Royal Commission into Banks

malcolm turnbullWith the Prime Minister calling a Royal Commission into banking unnecessary, what are the arguments for and against?

In a debate, those arguing in favour of the royal commission say a “clean house” or a cleaning up of the sector could only benefit everyone, so what is the harm ?.

Those opposing the review say a political spotlight is not needed. One of those of this opinion is the Prime Minister as well as banks who are understandably concerned.