Global regulator Greg Medcraft has backed warnings by banking royal commissioner Kenneth Hayne that trust in public institutions and decision-making had been "damaged or destroyed".
Labor frontbencher Jim Chalmers also called for a change in the tenor of federal politics on Thursday, agreeing that political discourse was broken.
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Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com
Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
