Recent news from China and America has caused some panic around the world and should reinforce the view that the Australian economy of the early 2000s will not come back, regardless of who is in power after 14 September.
Showing posts with label Australian economy. Show all posts
Showing posts with label Australian economy. Show all posts
9/28/2011
G-20 committee warns against over-reliance on big four banks
AUSTRALIA'S over-reliance on the big four banks poses systemic and "moral hazard" risks that would require policymakers and regulators to take action.
A new report from the Financial Stability Board -- a Switzerland-based sub-committee of the G20 -- has found that while the Australian banks were in good shape after the global financial crisis, governments should be alert to the lack of competition in the sector.
A new report from the Financial Stability Board -- a Switzerland-based sub-committee of the G20 -- has found that while the Australian banks were in good shape after the global financial crisis, governments should be alert to the lack of competition in the sector.
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