Mathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

I completely reject the assertion in that question. It was Prime Minister Morrison who as Treasurer introduced the Banking Executive Accountability Regime, which, of course, is designed to hold banking executives to account and which was absolutely supported, positively supported, by the royal commissioner. In fact, he wants us to expand it into other areas. It was Scott Morrison as the Treasurer who led the charge, alongside Kelly O'Dwyer as the relevant minister at the time, when it came to the establishment of the Australian Financial Complaints Authority. It was Scott Morrison as the Treasurer who made sure that ASIC and APRA had more resources and more power so that they could do their job effectively. Indeed, it was Scott Morrison as the Treasurer who led the charge when it came to putting the terms of reference together for the banking royal commission and, indeed, when it came to the decision-making in relation to the appointment of the royal commissioner. It is Scott Morrison now, as Prime Minister, who will lead the charge in our response. (Time expired)