Commonwealth Bank chief executive Matt Comyn has accused regulators of having an undue level of concern about the big banks scrapping royal commission-era bonus caps, pointing to mortgage brokers who are not subject to any guardrails around pay.

Mr Comyn – whose bank has led a push to increase banker pay, drawing the ire of regulators who fear it will ultimately hurt customers – argued that any concerns “must be dwarfed by concerns in other aspects of the industry” given CBA’s insistence on controls that determine those bonuses.