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(Reporting by Rishav Chatterjee in Bengaluru; Editing by Savio D'Souza) Last week, on the day Star was to report results, a NSW Independent Casino Commission (NICC) appointed lawyer found Star has been slow to address the governance and cultural issues identified in their 2022 report. But as is often the case, the enforcers overdo it. Reforms such as improved deposit insurance of £85,000 in the UK, the separation of consumer from casino banking and stronger capital requirements have proved sensible.

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Lending is never going to be risk-free. National economies were plunged into recession and, 16 years later, the public finances of the world's most advanced economies are still dealing with the consequences in terms of borrowing and debt levels.

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