Who's grilling the big four bank bosses?
WHO'S GRILLING THE BANK BOSSES?
The House of Representatives Standing Committee on Economics.
The committee is chaired by government backbencher David Coleman, who happens to be the member for Banks, with Labor frontbencher Matt Thistlethwaite as deputy.
There are six members from the government, three from Labor and Adam Bandt for the Greens.
It's expected to undertake an at least annual inquiry and report to parliament on the performance of the banking system and how big banks balance needs of borrowers, savers, shareholders and community.
The government expects chief executives of the big four to appear.
WHAT THE BANKS WILL NEED TO EXPLAIN:
* How they make interest rate decisions
* How they're enhancing consumer protections and responding to reforms
* How international economic and financial developments affect Australia
* How developments in regulation, including capital requirements, affect their policies
* What they think about the economy's performance.
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