CEOs of the four major banks face parliamentary scrutiny

THE House of Representatives Standing Committee on Economics will conduct public hearings on 11, 12 and 19 October in Canberra as part of its ongoing scrutiny of Australia’s four major banks.

The chair of the committee, Tim Wilson MP, said, "These hearings will provide an important opportunity to scrutinise the bank CEOs following the shocking revelations of the Royal Commission."

Mr Wilson said, "Commissioner Hayne’s Interim Report identified incentives in banks against the interest of customers that has led to appalling conduct contrary to law. Yet, this misconduct has either gone unpunished, or the consequences have not met the seriousness of what has occurred and must be addressed.

"These hearings will also be an important opportunity to follow up on unresolved issues from earlier hearings; and to consider how best to ensure appalling behaviour is not repeated without inhibiting the banks’ essential contribution to grease our economy."

The hearing will be webcast live at aph.gov.au/live

PUBLIC HEARING DETAILS

Day 1: CBA and Westpac, Thursday, 11 October 2018, Main Committee Room, Parliament House, Canberra
CBA: 9.15am to 12.15pm
Westpac: 1.15pm to 4.15pm

Day 2: ANZ, Friday, 12 October 2018, Main Committee Room, Parliament House, Canberra
ANZ: 9.15am to 12.15pm

Day 3: NAB, Friday, 19 October 2018, Main Committee Room, Parliament House, Canberra
NAB: 9.15am to 12.15pm

 

Website: aph.gov.au/economics

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