The ABC is reporting that Malcolm Turnbull said in hindsight it would have been better for the Government to have set up a banking royal commission two years ago.
Mr Turnbull and his senior colleagues have spent the past two years arguing against a royal commission into the financial sector, although some of his backbenchers were campaigning vigorously for a royal commission.
ABC Insiders did a nice montage yesterday showing the evolution of the spin, from initially vehemently resisting a commission.
The PM finally called a royal commission late last year and shocking revelations have emerged as it has been taking evidence.
This was after an appalling interview with Kelly O’Dwyer who has been the Minister for Revenue and Financial Services, since July 2016.
