The final report out of the Royal Commission into the finance industry will be publicly revealed this afternoon.
But on Friday, commissioner Kenneth Hayne handed the report to federal treasurer Josh Frydenberg.
While the cameras were snapping away, a journalist suggested perhaps that the commissioner shake Frydenberg’s hand. But watch what happens in this video posted by the ABC:
Ever had an awkward Friday afternoon meeting?
Josh Frydenberg and Kenneth Hayne sure have. pic.twitter.com/EpQEgYCmRV
— ABC Politics (@politicsabc) February 1, 2019
Frydenberg, along with with his Liberal colleagues, consistently declined to start a Royal Commission into banking, until they finally caved to public pressure in late 2017.
Even then, the government was accused of not giving enough time for the Royal Commission to fully realise its potential.
The final report is expected to contain very strong condemnation of the finance industry in Australia, along with regulatory recommendations that could potentially cost the banks a lot of time and resources to implement.
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Now read: Australian banks face judgment day