Australian banks cry “Don’t regulate us” despite massive profits

By David Olsen · 8 November 2010 · Cashflow

Australian banks under fire - but what's really at stake?

The Australian Bankers' Association is fighting back against calls for regulation, but why are they so desperate to avoid change? Dive in to uncover the shocking truth behind their massive profits.

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Summary

The Australian Bankers’ Association (ABA) has come out and labeled the current debate on banking regulation in Australia spearheaded by Labor’s Wayne Swan and the Liberal’s Joe Hockey as “long on rhetoric but short on facts”.

Tags: Australian Bankers Association, Joe Hockey, Labor, Liberal, Policy, regulation, Steven Munchenberg, Wayne Swan