Original article by John Kehoe, James Eyers, Sarah Turner, William McInnes, James Frost
The Australian Financial Review – Page: 1 & 6 : 1-Oct-18
Prime Minister Scott Morrison says the interim report of the financial services royal commission has highlighted areas of concern that the federal government has been taking action to address in the last few years. Treasurer Josh Frydenberg adds that the report demonstrates the need for the financial services industry to improve its standards and accountability. However, he has warned against responding to the findings of the inquiry with onerous regulation that could adversely affect access to credit or undermine economic growth.
CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, CAPITAL ECONOMICS LIMITED, AUSTRALIAN LABOR PARTY, RESERVE BANK OF AUSTRALIA, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB