Handicap big banks quickly, cry minnows

Regional banks "strongly support the recommendation for an average advanced housing risk weight of between 25 per cent and 30 per cent on 'advanced' banks and would like to see this expedited," a coalition of these banks declared yesterday.

Bendigo and Adelaide Bank, Bank of Queensland, ME Bank and Suncorp once more joined forces to put a common view on the work of the Financial System Inquiry.

In a submission to the Financial System Inquiry process, the quartet called on the Federal Government to "set a capital benchmark, introduce greater loss absorbency instruments and an enhanced crisis management toolkit."

They also backed "clearer and more effective product disclosure and communication with consumers, particularly with regards to fees, risks and ownership in the mortgage broker and aggregator market," the latter yet another dig at big banks.