Barnaby Joyce: ‘No need for banking royal commission’

Updated April 24 2016 - 8:19pm, first published 8:00pm
POWER TO PROSECCUTE: Barnaby Joyce believes ASIC already has more powers than a royal commission into the banking industry.
POWER TO PROSECCUTE: Barnaby Joyce believes ASIC already has more powers than a royal commission into the banking industry.

WITH the government increasing resources and funding to banking watchdog Australian Securities and Investments Commission (ASIC), Deputy Prime Minister Barnaby Joyce says there is no need for a royal commission into the industry.

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