Articles on four pillars policy

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Further global deregulation of banking might present future opportunities. Image sourced from www.shutterstock.com

Why we needn’t fear the end of the Four Pillars policy

Revelations by whistleblower organisation Wikileaks of secret global negotiations to further deregulate global financial services, has led to speculation that such pact could signal the end of Australia’s…
The big four banks, ANZ, CommBank, NAB and Westpac, are not legally prevented from merging, but the four pillars policy has stood in the way. xcode/Flickr

Four pillars or four pillows? Banking’s comfy collective

Australia’s four pillars policy is widely misunderstood. At heart, it is an anti-bank policy, one which prohibits the large banks from doing what they might like to do and that is to merge. It stops them…

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