Regulatory Issues Affecting Foreign Bank Entry Into Australia
(1995) 6(4) Journal of Banking and Finance Law and Practice 285-296
12 Pages Posted: 5 Aug 2019
Date Written: October 1, 1995
Abstract
The limited impact made by foreign banks in the Australian retail banking sector has been described as "one of the disappointments" of the deregulation of the Australian financial system. Changes have since taken place. This article examines the current position of foreign bank branches in Australia in the context of the government's foreign investment policy, taking into account the regulatory background of deregulation, the changes which have been made to accommodate these banks and the remaining legal obstacles which they face. The article looks at the likely effectiveness of these regulatory changes in encouraging the entry of foreign banks into the Australian market.
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