The majors can bank on being bashed by Murray

Pleas for policymakers to take a considered approach to whatever the financial system inquiry recommends make sense. But there’s no political downside in bank-bashing.

Ian Narev’s weekend plea for policymakers to hasten slowly in considering imposing tougher regulation on the Australian banks is obviously self-serving. That doesn’t mean he’s wrong.

There has been an extraordinary focus on one aspect of the financial system in the discussion surrounding the likely recommendations of the financial system inquiry in the final report it handed to Joe Hockey last Friday.


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