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Government announces new funding for financial regulator

The Australian Bankers' Association's Steven Munchenberg (AAP)
The Australian Bankers' Association's Steven Munchenberg (AAP)

The Federal Government has announced it will use a levy on the banks and increase surveillance powers to crack down on financial misconduct. The announcement comes after the Government has resisted Labor calls for a royal commission into the banking sector for weeks. Mandarin Producer Lei Gong reports.


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By Lei Gong

Source: SBS



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The Federal Government has announced it will use a levy on the banks and increase surveillance powers to crack down on financial misconduct. The announcement comes after the Government has resisted Labor calls for a royal commission into the banking sector for weeks. Mandarin Producer Lei Gong reports.



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