Holiday Season Links

via macrobusiness.com.au

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Oligopoly in the Australian Banking Sector

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Oligopoly in the Australian Banking Sector By Adiktd Introduction The Australian banking sector is dominated by four institutions who together account for over 85% of the domestic home loan value. These firms; National Australia Bank (NAB), Commonwealth Bank (CBA), Westpac (WBC) and Australia and New Zealand Banking Group (ANZ), have a collective market cap of over 400 billion dollars  (Tradingroom 2013) , five times the total assets of the remaining banks, mutual funds and various other financial institutions combined  (KPMG 2011) . Although the market is said to be highly competitive (Wikipedia 2013) the high concentration of market power by a small number of firms can be likened to a form of oligopolistic behaviour. As the market leaders are able to manipulate the market, forcing smaller firms and consumers to comply. The four pillars policy adopted in 1990 can be attributed to this as it restricted any merger or acquisition of the “Big Four Banks” by each other or ...
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1984

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