But when it comes to Royal Commission in to the unions or pink bats witch hunt they are all for it mmm Liberal a are protecting there own ? The federal government is hosing down calls for a royal commission to probe Commonwealth Bank financial advisers over clients lost money. Finance Minister Mathias Cormann said on Friday that he had received the parliamentary committee report into the issue and was carefully considering its 61 recommendations. When Ive worked my way through it, well make a full response, he told ABC radio. Senator Cormann, who is pushing to wind back Labors reforms of financial advice laws to give consumers stronger protection, noted that the recommendation for a royal commission was not unanimous, with Liberal senator David Bushby dissenting. He did make a very persuasive argument that yet another inquiry might not be the best way forward, he said. Prime Minister Tony Abbott also refused to commit to a royal commission into the CBA financial advice arm, telling reporters in Sydney on Friday: Obviously some terrible things happened and it’s good that the parliamentary committee inquiring into this has been able to expose some of the problems. m.smh.au/business/banking-and-finance/abbott-government-hoses-down-calls-for-royal-commission-into-commonwealth-bank-over-allegedly-dodgy-financial-advice-20140627-3ax93.html
Posted on: Sun, 29 Jun 2014 01:10:51 +0000