Bankers and financial institutions are about to come under more heat with commonwealth prosecutors and the Federal Court given more money to pursue cases of criminal or civil misconduct that have emerged from the banking Royal Commission.
The $51.5 million boost comes as bank chief executives prepare for an intense grilling when the Royal Commission begins its final round of hearings next week.
Meanwhile, smaller banks worry that tougher compliance might squeeze mutuals, credit unions and building societies out of the industry.
ABC's Peter Ryan explains
No comments:
Post a Comment
What's your view on this?