The big four and the regional banks are already working hard on...

The big four and the regional banks are already working hard on remediation and self examination in light of what has already come to light via the RC. The final report is due in February and banks are already anticipating trouble. Furthermore ASIC has been rapped hard over the knuckles for being a toothless tiger, (or is that pussycat?), so they must lift their vigilance and penalties from here on.

Problem now is that anyone looking for finance has to jump through 100 flaming hoops just wearing their bathers. Many can't stand the heat and will just postpone their loan application, hoping things will improve later. The bottom line for the main banks has to become damaged in 2019. That won't be a positive for the ASX this year.