Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 4-Feb-19
Prime Minister Scott Morrison and Labor leader Bill Shorten have both made an in-principle commitment to implement all of the financial services royal commission’s recommendations. However, Morrison and Treasurer Josh Frydenberg say that any regulatory changes arising from the inquiry’s recommendations need to be balanced to prevent a further tightening of access to credit. Federal Parliament’s limited number of sitting days before the election means that both major parties will take their responses to the inquiry to the electorate. The inquiry’s final report will be publicly released after financial markets close on 4 February.
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS