"Hilarious. A Royal Commission that was rife with evidence that even our cronyistic, inept politicians can pick up not enough to fulfill your judiciary requirements? "
Major financial institutions handle millions of transactions every year, involving hundreds of billions of dollars.
If you think any enterprise management system is capable of ensuring that every single transaction is 100% above board, then you are wildly naive.
It would be good if banks didn't err at all (just like it would be good if all large, complex enterprises such as Woolworths, Bunnings, Telstra, Qantas, Ramsay Healthcare or Amcor - as well as, I have to say governments, SOEs, charities an clubs - were able to conduct business at a zero error rate.)
But in the real world statistically insignificant number of errors due to acts of omission in very large organisations are unavoidable.
No amount of righteous indignation will be able to change that.
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