Australian banking royal commission

Target entity: Australian banking royal commission
Context triple: [Big Four banks (Australia), subjectOf, Australian banking royal commission]

• A. Wallis Inquiry into the Australian financial system
  The Wallis Inquiry into the Australian financial system was a landmark 1990s review that reshaped Australia’s financial regulation framework and paved the way for major reforms to its financial services industry.
• B. The Australian Financial System
  The Australian Financial System is the network of institutions, markets, regulations, and payment systems that intermediates savings and investment and supports economic activity in Australia.
• C. Independent Commission on Banking (Vickers Commission)
  The Independent Commission on Banking (Vickers Commission) was a UK body established in the aftermath of the global financial crisis to recommend major reforms to the structure and regulation of British banks, including ring-fencing retail banking from riskier activities.
• D. Australian National Audit Office
  The Australian National Audit Office is an independent federal body responsible for auditing and reporting on the performance and financial management of Australian government entities.
• E. ICC Commission on Banking
  The ICC Commission on Banking is a leading global rule-making and policy body that develops standards, guidelines, and best practices for international trade finance and banking under the International Chamber of Commerce.
• F. None of above. chosen
• G. Unsure - the case is ambiguous/there is not enough information to decide.

Target entity: Australian banking royal commission
Target entity description: The Australian banking royal commission was a major public inquiry that investigated widespread misconduct and systemic failures in Australia’s banking, superannuation, and financial services industry.

• A. Wallis Inquiry into the Australian financial system
  The Wallis Inquiry into the Australian financial system was a landmark 1990s review that reshaped Australia’s financial regulation framework and paved the way for major reforms to its financial services industry.
• B. The Australian Financial System
  The Australian Financial System is the network of institutions, markets, regulations, and payment systems that intermediates savings and investment and supports economic activity in Australia.
• C. Independent Commission on Banking (Vickers Commission)
  The Independent Commission on Banking (Vickers Commission) was a UK body established in the aftermath of the global financial crisis to recommend major reforms to the structure and regulation of British banks, including ring-fencing retail banking from riskier activities.
• D. Australian National Audit Office
  The Australian National Audit Office is an independent federal body responsible for auditing and reporting on the performance and financial management of Australian government entities.
• E. ICC Commission on Banking
  The ICC Commission on Banking is a leading global rule-making and policy body that develops standards, guidelines, and best practices for international trade finance and banking under the International Chamber of Commerce.
• F. None of above. chosen