The economic underpinnings of the longstanding ‘four pillars’ policy are crumbling. Soon there may no longer be four big banks.
Articles on four pillars policy
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More robust competition between banks would benefit consumers, but there’s little policy focus on the issue.
Revelations by whistleblower organisation Wikileaks of secret global negotiations to further deregulate global financial services, has led to speculation that such pact could signal the end of Australia’s…
Australia’s four pillars policy is widely misunderstood. At heart, it is an anti-bank policy, one which prohibits the large banks from doing what they might like to do and that is to merge. It stops them…
