Treasury team to help tackle bank issues

Treasury has established a task force to help the federal government respond to issues raised by the banking royal commission.

Secretary Phil Gaetjens told a Senate estimates hearing that Treasury recently created the task force to help the government deal with the serious problems raised in the interim report, released last month.

"It is clear that once the royal commission hands down its final report, due by the first of February, that there will be more work to do," he told the hearing in Canberra on Wednesday.