Journalism versus the big banks: Reporting where regulators fear to tread
Adele Ferguson AM
The Royal Commission into the banking industry has demonstrated that regulators have failed us, while the role of protecting the public from corporate greed has often been performed best by journalism. This is despite the fact that the news media has faced major disruption and the kinds of financial constraints that make consistent and forensic analysis of big business much more challenging.
In her AN Smith lecture, investigative reporter Adele Ferguson - who many credit as the initiator of the Royal Commission - asks why it is that journalism stepped up while regulation failed? And what can be done to strengthen journalism to ensure it keeps on performing this vital role?