there would be regulation quickly installed against banks a a result of the furore
Last week, CBA lifted its mortgage rates by 45 basis points, almost double the rise
growing in the official cash rate set by the RBA.
Mr Johanson said he was concerned that there would be regulation quickly installed against banks a a result of the furore, which may have negative effects on the industry.
"I'm worried that we will have some kind of knee jerk reaction which will damage the good
growing we've got out of it - got out of all the reform of the banking system - and we won't learn the lessons that we should have learnt of the financial crisis."
