Bank chief executives may be in Canberra as early as next month to face a Government-dominated committee which wants to show the new scrutiny will lead to real change.
Scandals in financial planning and some areas of lending have turned banking practices into a key political issue.
Soon, parliament's House Economics Committee will begin direct scrutiny of the financial institutions in annual hearings.
The banks survived a call by Labor for a royal commission, and, instead, the Government announced the committee examination, to be chaired by Sydney MP David Coleman.
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