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Remove entry barriers, boost competition for banks, Australian regulators say

( August 7, 2025, 01:39 GMT | Official Statement) -- MLex Summary: Competition and dynamism in Australia’s banking sector could be improved by addressing impediments to market entry and exits, along with simplifying large investments for startups, according to a new report by the country’s financial regulators. Among the nine recommendations put forward by the Council of Financial Regulators, in consultation with the Australian Competition & Consumer Commission, is the suggestion that smaller banks should be provided with regulation allowing them to compete by adjusting limitations on funding and capabilities for support during crises.The full report by the Council of Financial Regulators is attached. ...

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