Banking inquiry risks credit crunch

Original article by Adam Creighton
The Australian – Page: 4 : 30-May-18

Treasury secretary John Fraser appeared before the Senate economics committee on 29 May. He said the banking royal commission may lead to stricter lending standards in the sector, which could in turn potentially result in a "credit crunch". Meanwhile, Finance Minister Mathias Cormann has told the committee that there is no reason for the government to provide year-by-year costings for its personal income tax cuts package. He argued that Labor did not provide such costings for the National Disability Insurance Scheme when it was in office.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. SENATE STANDING COMMITTEE ON ECONOMICS, AUSTRALIAN LABOR PARTY, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, BANK OF WESTERN AUSTRALIA LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s