We're not squeezing out smaller cash players, Australian banks tell regulator

By James Panichi ( July 11, 2025, 07:26 GMT | Insight) -- Australia’s banks have lashed out at smaller players in the cash-delivery sector, telling them that while they may be allowed to have some input in negotiations over the future of cash management, that would have to be balanced against the need to proceed “in a timely and efficient manner.” In a letter to Australia’s competition watchdog, the Australian Banking Association also rejected claims that the association’s reporting on negotiations over the fallout from the decline in the use of cash lacked transparency.Australia’s banks have lashed out at smaller players in the cash-delivery sector, telling them that while they may be allowed to have some input in negotiations over the future of cash management, that would have to be balanced against the need to proceed “in a timely and efficient manner.”...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.

Know what others in the room don’t, with features including:

Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

We're not squeezing out smaller cash players, Australian banks tell regulator

Prepare for tomorrow’s regulatory change, today

Related Sections