The final report follows more than 10,000 submissions from the Australian public relating to misconduct in the banking sector, as well as 69 days of public hearings.
The government said it would act on all 76 recommendations, including setting up a new body to discipline errant financial advisers and creating an independent panel to ensure regulators do their job. There are also calls for at least three unnamed institutions to face criminal charges for dishonesty.
The recommendations come after the public inquiry heard 11 months of shocking revelations of the financial industry's wrongdoing, including that fees were charged to the accounts of dead people and that cash bribes were paid over the counter to win mortgage business, wiping A$60 billion from the country's top finance stocks.
The Royal Commission has called for tougher regulation, more scrutiny of pay and has made 76 recommendations to overhaul the industry.
"I respect the commissioner's view ... but I don't share it", Mr Thorburn said.
"He says that we are not learning the lesson from the past and we don't know what the right thing to do it is".
He would not be drawn on speculation that NAB consumer bank boss Mike Baird - the former NSW Premier he hired less than two years ago - could replace him.
Ross: "Did you offer your resignation to the board this morning?"
Commissioner Hayne Dr. Henry singled out Dr. Henry for especially sharp comment following his evidence at the royal commission which was largely regarded as dismissive.
Tesla knocks $1,100 off price of the Model 3
Tesla said in a statement that ending the costly referral program allowed it to cut the Model 3 price. The price doesn't include federal and state tax credits.
BB&T, SunTrust plan merger by end of year
In December, BB&T said it was eliminating its Center City Allentown regional headquarters as well as positions held by Scott V. SunTrust was already the region's largest bank before the merger announcement, with about 21 percent of the area's deposits.
'Captain Marvel' will be the first Disney Plus exclusive Marvel movie
Later, Fox released Deadpool 2 in the summer of previous year and grossed $318 million domestically and $785 million worldwide. Walt Disney is one of the companies who enjoys a clean image of a family-friendly entertainment provider.
Henry: I wish we had.
"The capitalist model is that businesses have no responsibility other than to maximise profits for shareholders", he said. They're the people who I want to spend some time with.
In a statement released this morning Dr Henry addressed the criticisms, saying: "The royal commission has challenged NAB and we have welcomed that".
Commissioner Hayne's plan to reduce carve-outs is also reflected in a recommendation to end the claims-handling exemption from the definition of financial services, allowing greater ASIC scrutiny. Labor says it expects to adopt all the commission's recommendations.
"There are parts of the community that might have expected the commissioner to go in a bit harder. but he has left a very clear pathway for whomever is in government and for the industry to think about what they need to change".
Westpac said it had already taken steps to address some of the issues raised. The Board has led a deep examination of our culture, governance and accountability.
"It is our highest priority for everyone at NAB to put customers first".
NAB chairman Ken Henry addresses NAB's 2018 annual general meeting in Melbourne on Wednesday, December 19, 2018.
"We don't want the work that is now with 25,000 small business and people working within the mortgage broking industry just simply to go to the big banks", he said.