Analysis shows 44 of Kenneth Hayne’s 76 recommendations have yet to be implemented and five have been abandoned

• No accounting for banks? Frydenberg’s response to the royal commission is on hold

More than half of the recommendations made by the banking royal commissioner, Kenneth Hayne, have either been abandoned or are yet to be fully implemented, almost two years after the treasurer received the inquiry’s final report and vowed to take action on all recommendations.

Regulators put implementation of some recommendations on hold during the peak of the coronavirus crisis, but consumer groups fear Josh Frydenberg has taken advantage of the delay to undermine the pro-regulation consensus established by the royal commission, which followed more than five years of scandal in the financial services industry.