Information About Australian Bank Market Share

The Competition Review of the Productivity Commission in the Australian bank market share offers a valuable opportunity to consider performance and competition in the banking sector in Australia and potentially improve long-term results for customers. APRA bank market share welcomes the opportunity to make a difference to the inquiry and possible competitive dynamic metrics within industries that APRA tracks and on the strategy it has adopted to align financial security goals and stability with competitive and neutral factors. 

 

(APRA) Australian Prudential Regulation Authority is a separate legislative body that regulates banks, financial companies and it is accountable to the Australian Government. Prudential regulation aims at ensuring the safety and soundness of financial institutions to allow the society to trust that under any reasonable circumstances it will fulfill its financial commitments. APRA acknowledges that its priorities are interlinked, with a strong and stable financial system providing substantial productivity benefits and promoting competitive finance. The productivity and competitive advantages of a stable financial system are not restricted to the financial sector but apply to the Australian share market. Their mandate is to secure the Australian Public by developing and implementing prudential standards and regulations set up to ensure that monetary promises made by the institutions, regulate are met within a stable, effective and sustainable financial system under all reasonable circumstances.

 

To add on, banking in Australia is controlled by four major banks, and these four major banks have a rise in the Australian market share. Australia's Reserve Bank (RBA) is Australia's central bank. The Bank issues the Australian dollar and controls it. The RBA specializes in banking and registry activities for federal agencies and certain international central banks. Australia's Reserve Bank controls the Australian dollar by increasing the rate of interest on the overnight financial markets. The interest rate spreads through the rest of the banking system, influencing the rates banks are lending to Australian market share.

 

Moving forward, Australia's Reserve Bank holds a special and rich history. Besides records of the nation's central bank, the archives contain records of Australia's cultural, financial and social history spanning nearly two centuries and the RBA  bank share market holds most of Australia's banking system. Banks industry is growing over the past few years, largely as a result of interest rate increases and bank expansion. As the economy improves, the RBA is expected to begin to increase the cash rate to curb inflation and offset the rise in housing prices. Australia's Reserve Bank is focusing on the Australian Prudential Regulation Authority (APRA) on establishing guidelines for reporting on retail banking services performance after an increase in outages at major financial institutions.