Commission continues with further cases of inappropriate advice involving ANZ and AMP, then NAB financial advisers. Follow it live …

It has emerged that the number of “inappropriate” advice instances recorded by ANZ has increased rather dramatically in recent years.

In 2008 it was 60.

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While Rixon continues giving her evidence, the ANZ has told the Australian Stock Exchange that the royal commission is going to cost it $50m in 2018.

With its chief risk officer Kylie Rixon on the stand, ANZ tells the ASX that the Royal Commission is expected to cost it $50m for the year to 30 Sept 2018, $16m in first half of 2018 #BankingRC @abcnews #auspol #ausbiz

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