Quantcast
au iconAU

 

 

Big banks not keen on ACCC's 'deep dive'

The big banks say they are already too busy implementing the Hayne royal commission reforms and open banking regime to deal with a "deep dive" inquiry into their pricing power proposed by competition regulator chairman Rod Sims.

Big banks not keen on ACCC's 'deep dive'
smsfadviser logo
Big banks not keen on ACCC's 'deep dive'

Mr Sims wants the Morrison government to direct an inquiry into the big four banks so he can use forensic information-gathering powers to interrogate the major lenders.

Read more at the Financial Review

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox