The big four banks have told Turnbull government to set up a "properly constituted inquiry" into the financial services sector. Here's the letter. #auspol @AAPNewswirepic.twitter.com/0pebkt9Qsk
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Turnbull: "The potential for such an inquiry is starting to undermine confidence in our financial system and as a result, the national economy."
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"The banks, of course, do not believe an inquiry is necessary. But they have raised - and you may have seen their letter to us - serious concerns at the ongoing uncertainty is undermining the financial system."
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"We have got to stop the banks and our financial services sector being used as a political football."
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