At a doorstop in Queenstown, New Zealand, this weekend, Prime Minister Malcolm Turnbull displayed hitherto undreamed of agility and innovation by actually gazing into the future. In response to a question about the growing calls for a royal commission into the banking sector, he replied:

"The calls for a royal commission, of course, again I can understand and I empathise with the reason many people want to call for a Royal Commission but the problem with a Royal Commission is that it will not actually result in any action. You would have years and years of a very expensive inquiry and then you'd have a report with some recommendations.