There will be wins to be had from the Financial System Inquiry, with consolidation across financial services bound to progress. What Australia needs above all else, is drivers of innovation in business methods. It's needed as badly in banking as everywhere else. NAB and Westpac are the banks that deserve to be sent to the knackery when - and if - the Murray inquiry fires the gun on industry mergers, as it should. These mergers might be largely outside banking - goodness knows, there are enough small fundies and suppliers hanging around - but if they can happily be undertaken among small scale providers, why not among the largest producers in the industry? Both NAB and Westpac have abandoned any pretence to industry leadership, a task left to the strategic excellence of Commonwealth Bank. Give CBA first pick on who to skewer. Just put a cap on payments to shareholders until the savings come roaring through. Tax excess returns as another control.   And let a foreign bank buy ANZ, or any of the other three.