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CBA dismisses Murray's concerns over vertical integration

Commonwealth Bank (CBA) chief executive Ian Narev dismissed concerns expressed by the Financial System Inquiry (FSI) interim report that Australia's big institutions control both the manufacturing and distribution of financial products.

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Read more: CBAIan NarevAustraliaCommonwealth BankFinancial System InquiryFSIOpen Advice Review programFinancial PlanningASICAustralian SecuritiesCommonwealth Financial PlanningFinancial AdviceFinancial Wisdom businessesFutureInvestments CommissionJune 2013Murray