As scam losses in Australia reach $8 billion, pressure mounts on the Government to hold banks accountable and launch a fresh royal commission, writes Dr Kim Sawyer. Since 2022, ASIC has reported scam losses in Australia amounting to $7.9 billion. Given what has happened with scams, there should be another banking royal commission. The scale of scam losses is far greater than losses revealed in the previous one. However, just as vested interests opposed the Royal Commission, they will oppose another one.