Prime minister says Asic has sufficient powers to regulate banking industry and cultural change is what’s neededThe Coalition has dug in on its opposition to a royal commission into malpractice in the banking industry,with Malcolm Turnbull saying it is limited more than a “distraction” by Labor.
It was the first time Turnbull commented on the royal commission, which was proposed by the opposition leader, or Bill Shorten,on Friday.
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Source: theguardian.com