The terms of reference for the current Banking Royal Commission are to investigate malpractices in financial institutions.

The institutions under investigation are the Banks and the Superannuation Funds. Neither functions without a battery of other institutions: accountants, actuaries, auditors, rating agencies, lawyers, lobbyists and Business Schools. Furthermore, all those of auxiliaries are directly engaged in Stock Exchanges, Foreign Exchange and Futures markets. Many are global enterprises. In particular, the banks are locked into foreign banks for fund-raising.