Rate relief defiance by ANZ, Westpac a surprise given banking Royal Commission fallout says KPMG Australia boss Gary Wingrove

KPMG Australia chief executive Gary Wingrove is surprised that ANZ and Westpac did not pass on the Reserve Bank's interest rate cut in full to borrowers. 

A survey out this morning from KPMG says Australian chief executives are more upbeat than their global counterparts but see climate change and disruptive technologies as key risks. 

Gary Wingrove speaks with ABC's Peter Ryan.

Peter Ryan with Gary Wingrove. Picture courtesy of Whitney Fitzsimmons