Chris Bowen (McMahon, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

My question's to the Treasurer. On Saturday, the Treasurer said ASIC and APRA have a case to answer as to how some of this conduct occurred on their watch. But in April 2016, when arguing against a banking royal commission, the now Treasurer said ASIC and APRA had 'stronger powers than a royal commission'. Why, two years after he said they had stronger powers than a royal commission, is the Treasurer now blaming the regulators and only now promising them more powers?

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