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Expectations ‘are very high’ for the final report from the royal commission into financial services, which will be handed down on Monday afternoon.

Treasurer Josh Frydenberg and his team have had the weekend to look over the report and read the commission’s recommendations.

Former Labor MP Bernie Ripoll, who conducted the Financial Services Inquiry which was key in leading to the banking royal commission, told Sky News that he was ‘annoyed and disappointed’ that he would have to wait to the final report.

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