bank royal commission a 'populist whinge': morrison - whiteboard

Treasury Secretary Scott Morrison is adamant against the Labor Party's proposal to set up a Royal Bank commission as a reckless "populist complaint" about bill short ".
Mr Morrison accused the leader of the opposition of acting as ruthless disregard and opportunistic, and "spurred" the public's ears through such investigations.
Mr. Shorten did not even have the crown commission's terms of reference because, like a blank whiteboard, the problem was changing every day.
"I don't know what's obviously going on with the Royal Commission --
Unfortunately, Bill has not shortened either, "the finance minister told Sky News on Sunday.
"It's just Bill Short's populist complaint.
"The royal commission could undermine confidence in banking and finance.
"It's a fire you don't want to start.
By contrast, the government's new "Accountability Information Center" will force banks to come to Parliament every year to explain their practices and decision to cut interest rates.
"This brings tension to the wire --
Accountability is never a bad thing.
Labor said the royal commission would conduct a thorough review of the bank's practices.
Gallagher, a spokeswoman for opposition financial services, said several government backbenchers, including John Williams and Warren Entsch, had been advocating broader
"Voters walked into their doors and complained about their interaction with the bank," she told abc TV . ".
"This is not something that will disappear.