Australian Banks Concerned About The Threat Of Regulation
Australian lenders say the greatest threat to their industry over the next year is the prospect of increased regulation. Professional services firm PriceWaterhouseCoopers conducted a global survey of international banks, the results of which revealed their biggest concern to be increased regulation, despite some US and European banks being under part government ownership. For the first time in 15 years, the term “Politicalisation” of the sector was identified as the greatest threat to the industry. The survey was conducted prior to Barack Obama’s proposed changes to banking regulation, which would serious restrict the ability of deposit taking institutions to engage in proprietary trading activities
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Australian Banks Concerned About The Threat Of Regulation
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