The very last line of Volume 1 of the Financial Services Royal Commission’s 347-page report ends with this question

“Is structural change in the industry necessary?”

Yes, yes, emphatically yes!

Commissioner Hayne is seeking submissions on this and the other questions posed in Chapter 10 of Volume 1. Everyone should tell him that there must be full, structural separation of the banks. The CEC will provide more analysis of the report and details on how to make a submission in the coming days.