'Betrayed': Hayne casualties in limbo a year later

A year after the sensational inquiry carved through the executive ranks of the biggest financial services companies, many of those tarnished by the inquiry remain in limbo.

James Frost, Aleks Vickovich, James Eyers and Sally Patten

Jan 31, 2020 – 12.00am

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The only person to be convicted as a direct result of the Hayne royal commission has described the inquiry as a colossal waste of time and money, nearly 12 months since the final report was issued on February 4 last year.

Former Dover Financial boss Terry McMaster, who collapsed in the dock and left the building in an ambulance, said the royal commission and the regulators had failed to deliver.

James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years.

Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation.

James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay

Sally Patten edits BOSS, and writes about workplace issues. She was the financial services editor and personal finance editor of the AFR, The Age and the Sydney Morning Herald. She edited business news for The Times of London.