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Beyond competition – The Greens approach to banking regulation

Address to the Australia Bankers Association forum on Banking Regulation
Sydney Harbour Marriott

The current debate over the future of banking and banking policy is usually constructed as a problem of competition.

If the barriers to bank consumers switching banks are removed then individual banks will be forced to improve services and reduce costs to consumers.

New entrants to the market will create competitive pressure and the greater the diversity of players the more competitive pressure will do its work.

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