Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

Because we have come through the global financial crisis in such good shape, we do need greater competitive forces in our banking system. That is why the government has been putting in place some very substantial reforms in our banking system. They are substantial reforms which have policy credibility—they are not the fudges which have been put forward by those opposite. What are those reforms and what are the fudges put forward by the shadow Treasurer? We are having a crackdown on unfair mortgage exit fees. The member opposite was the financial services minister in this House for three years. He could not find the wit at any time in those three years to put in place a reform like that.

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