David Murray, the former Commonwealth Bank chief who led a root and branch review of the banking sector, has hit back at former prime minister Paul Keating’s proposal that lenders be eligible capital relief if they partner with superannuation funds on corporate loans.
“There is certainly no argument for weakening the capital position of the banks,” Mr Murray told The Australian Financial Review on Tuesday.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
