A former Commonwealth Bank boss, who thinks banks should be forced to hold more capital to minimise their risk of failure, will speak at an economic conference in Sydney on Monday.
The final report of David Murray's blueprint for the future of Australia's financial system, says capital requirements should be raised to make Australian banks less likely to fail, but also to minimise the costs to the taxpayer if they do.
Treasurer Joe Hockey, who released the report on Sunday, called it a blueprint for the next decade, but he is not expected to formally respond to its recommendations for months.
Mr Murray is expected to deliver a speech titled Supporting Australia's Economic Growth to the Committee for Economic Development of Australia (CEDA) on Monday afternoon.
The big banks have already complained that holding extra capital would be damaging, and ANZ says it will result in higher interest rates for borrowers.
Share
