Competition in the Australian Banking Industry

3432 words 14 pages
Competition in the Australian Banking Industry

Table of Contents

Title Page ---------------------------------------------------------------------- 1
Table of Contents -------------------------------------------------------------2

Executive Summary ----------------------------------------------------------4

1. Introduction-----------------------------------------------------------------5 1.1 Australian Banking Industry 1.1.1 Major Banks / Four Pillars 1.1.2 Regional Banks, Credit Unions & Building Societies 1.1.3 Foreign Banks 1.2 Competition in the Australian Banking Industry

2. Performance Indicators ---------------------------------------------------8
…show more content…

Any proposed foreign takeover or acquisition of an Australian bank will be considered on a case-by-case basis and judged on its merits.
There are a number of foreign subsidiary banks, however only a few have a retail banking presence; HSBC Bank Australia, Bank of Cyprus Australia Limited, Beirut Hellenic Bank and Citibank Australia have a small number of branches.
Foreign banks have a more significant presence in the Australian merchant-banking sector (Australian Bankers’ Association, 2011).

1.2 Competition in the Australian Banking Industry: Four Pillars Policy & the ACCC

The Australian Competition & Consumer Commission(ACCC) is the competition regulator that promotes competition and fair trade in markets to benefit consumers, businesses, and the community (Australian Competition & Consumer Commission, n.d.)

The Four Pillars Policy is an Australian Government Policy that supports competition by preventing mergers between the major four banks, at the same time preventing foreign bank takeovers (Australian Bankers’ Association, 2011).

Australian Treasurer Wayne Swan strongly supports this policy, stating that it was “the cornerstone of a financial and banking system that was one of the very best in the world.” (The Daily Telegraph, 2012).

According to Durie & Gluyas (2009), Australian Competition and Consumer Commission chief Graeme Samuel further reinforces the merits of this policy and


  • Telstra and Mcdonalds
    12941 words | 52 pages
  • Challenges Facing Fashion Industry in Ghana
    6600 words | 27 pages
  • Using the Cultural Dimensions Explored in Module 1, Discuss Some of the Ways in Which Australian and New Zealand Citizens Are Members of Cultures or Clusters That Are Different from the Clusters in Indonesia (About 800
    4394 words | 18 pages
  • Paypal Ms Case in Harvard Business Review
    1273 words | 6 pages
  • Blackmores
    2699 words | 11 pages
  • wipro ceo structure
    12545 words | 51 pages
  • Innovative Ways of Attracting and Retaining Good Quality Tenants
    6234 words | 25 pages
  • American Express: Branding Financial Services - Essay
    10219 words | 41 pages
  • It Management
    6670 words | 27 pages
  • Modern History.Hsc.2012
    25805 words | 104 pages