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.
Loading...
James Eyers writes on banking, finance, payments, regulation and emerging technologies. Based in Sydney, he is a former legal and investment banking editor at the AFR and has been a business journalist for more than 20 years. 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
