Budget 2017: lack of competition is why government is moving so hard against the banks
- Written by Harry Scheule, Associate Professor, Finance, UTS Business School, University of Technology Sydney
With it’s latest budget the government has made a number of moves to create a level playing field in the banking system. It’s taxing the five largest banks, announced a review of rules around data sharing, a new dispute resolution system for banks and other financial institutions, and new powers for the regulator to make bank...
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