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Regulatory

Bank inquiry recommends breaking big four oligopoly

The House of Representatives Standing Committee on Economics' first report in its review of the four major banks has recommended breaking the big four's "oligopoly" and introducing competition into the sector.

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Read more: Credit,  APRA,  ASIC,  Australia,  Committee,  Economics,  House of Representatives,  Customer Owned Banking Association,  Steven Munchenberg,  Australian Bankers,  Australian Council for Competition Policy,  CIO,  COBA,  Federal Government,  Financial Ombudsman Service,  Financial Sector Tribunal,  Investments Ombudsman,  Mark Degotardi,  SCT,  Superannuation Complaints Tribunal