Monday, May 15, 2006

Testifying on credit

No sooner had I returned to Melbourne after testifying at a Parliamentary inquiry on the credit card reforms than a story on the day's events had appeared online. Here is the entry from and a similar one from The Age. It appears my "they appear didn't have much impact" message was noted but others are concerned about bank shareholders losing at the expense of retailer shareholders which, by the way, isn't really clear at all.

The inquiry was an interesting experience. Six MPs on the Committee and those asking questions seemed to have put some thought into it and had read the submissions which was gratifying. Not sure where all this is going to lead but I will continue to monitor the situation.

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