Todd Stephenson: Finance and Expenditure committee member says barriers need to be lowered for foreign banks

Parliament's finance and expenditure committee released the findings of its banking inquiry today, making 19 recommendations - 14 of which have cross-party support.  It concluded there is no silver bullet for more competition in the sector.  Committee member Todd Stephenson saysthe first step is reducing barriers to entry.  He says a large part of that is capital requirements for new players.  LISTEN ABOVESee omnystudio.com/listener for privacy information.