Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Banking chiefs to discuss competition

Staff Reporter 1 minute read

Three of the big four banks’ chief executives will front a senate inquiry next month.

Yesterday, both CBA’s Ralph Norris and NAB’s Cameron Clyne confirmed to The Australian that they would appear in front of a committee, which has been put together to discuss ways to inject competition into the banking market, when it meets on 13 December.

Last week Westpac’s Gail Kelly became the first chief executive to confirm she would front the panel.

The inquiry was originally proposed by independent senator Nick Xenophon.

The bank bosses are likely to be scrutinised on the current level of competition between bank and non-bank lenders, the banking products available on the market and the likely drivers of future change in the industry.

Banking chiefs to discuss competition
default
TheAdviser logo
default

 

more from the adviser
regulation rules AFCA amends complaints rules following court case

The financial services ombudsman has changed its rules after the ...

meeting top view ta 62c1 Half of home owners wary of bank refinance advice

One in two borrowers does not believe banks always have their bes...

house sold Hot Property: The biggest property headlines from the week 18-22 January

Here’s the weekly round-up of the biggest news stories from acr...

FROM THE WEB