As we know, the banks have something of “liar loan” problem. Now, thanks to the Banking Royal Commission, foreign investors are getting nervous about it, from Chanticleer:
The Hayne royal commission muscled its way into Asia’s biggest investment conference in Hong Kong this week as global equity investors questioned the big four bank chief executives about the impact the inquiry will have on compliance and regulatory costs.
During an intense few days of meetings on the 47th floor of the Conrad Hotel in Hong Kong, ANZ’s Shayne Elliott, CBA’s Ian Narev and Matt Comyn, NAB’s Andrew Thorburn and Westpac’s Brian Hartzer were reminded of Kenneth Hayne’s inquiry 7000 kilometres away in Melbourne.
