Banking on Justice: This is not about the banks

Josh Frydenberg speaks in the main committee room

"This is not about the banks," Treasurer Josh Frydenberg said, emptying his regulatory toolbox amid a recession. "This is about the consumer." Image credit: Marion Rae/Australian Banking Daily

Just when new rules could be pitched against Westpac-scale wrongdoing, irresponsible lending is back on track and plans to expand the banking executive accountability regime (BEAR) are quietly shelved.[.....]

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