Big four banks to face parliamentary economics committee

The chief executives of the big four banks will be appearing before a parliamentary committee in response to calls for a Royal Commission into the industry. In August, the Government announced the chief executives of Australia's big four banks will appear before the House of Representatives Economics Committee at least once per year. Labor has dismissed the process as a sham saying it won't get answers to the issues that need to be resolved. Selina Kong and Winmas Yu have the details.

Commonwealth Bank CEO Ian Narev Source: AAP