With the big end of town somewhat subdued, the regulators now face a much tougher policing job as financial misconduct – like finance itself – is increasingly 'democratised’.
Patience and decorum are in short supply on both sides of the traditional political aisle, but loyalties are barely shifting, despite pandemic exhaustion.
Banks have drawn $7.73 billion from the funding-for-lending programme so far, which is currently costing them 0.75% compared with their own term deposit rates of 2% to 2.45%.
There are worrying parallels between today’s housing market and the fevered environment before the 1987 sharemarket crash.