Abbott: Sack bank regulators, cut immigration

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Via The Age:

Former prime minister Tony Abbott says Australia’s corporate regulators should be sacked and replaced with “more vigilant” people after a string of damning revelations from the banking royal commission.

…”What were the regulators doing to allow all this to be happening? And that’s the thing that keeps occurring to me every time I read fresh revelations.” Mr Abbott told 2GB radio on Monday.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.