As parliament enters its three-week recess, bankers are feeling a combination of relief, schadenfreude and apprehension about the political scene.
The relief was palpable when the government fended off the vote for a banking royal commission; the mood then changed to pleasure at the misfortune of Labor Senator Sam Dastyari, a vocal bank critic, who fell on his sword after an expenses scandal.
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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 Connect with James on Twitter. Email James at jeyers@afr.com.au
