CANBERRA, ACT, Aug. 6 -- The Treasurer of Australia issued the following media release:
At today's Investor Roundtable I released the Council of Financial Regulators' (CFR) review into small and medium‑sized bank competition and the government's response to the review.
This review looked into ways to help create a more dynamic, diverse and resilient Australian banking sector.
A more diverse banking sector is good for competition, good for consumers, good for industry and good for the economy.
This is all about supporting smaller banks to drive stronger competition.
The review focused on the role small and medium sized banks play in providing competition in the sector and the regulatory and market trends affecting them. The CFR un...