Hayne report a blockout for banks

Banking Day staff Finance regulation

No banker or any representatives of any single financial institution are likely to be invited into the lockup on Monday afternoon for early access to the final report of the royal commission into misconduct in banking.

Industry and consumer associations and an overload of business journalists are among the select groups that will be able to preview Kenneth Hayne's final report from 1pm that day.

The Australian first reported yesterday afternoon on this twist in the release arrangements, with lobby groups such as the Australian Banking Association doing the legwork for the most anxious of their large members. Banking Day has confirmed this with industry sources.

This select group will have around three hours to digest and draft summaries and appraisals from a report likely to exceed the roughly 1000 pages (over three volumes) for former justice Hayne's interim report in September last year.