Treasurer Scott Morrison says Labor is undermining the international reputation of Australia's banking and financial system by pushing for a royal commission.
The federal opposition plans to ask parliament, which opens on Tuesday, to endorse a royal commission into banks.
"In the international community they are asking: 'What is wrong with Australia's banking and financial system? Is there some weakness in the system?' That is playing with fire," Mr Morrison told reporters in Canberra on Tuesday.
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