Bank Mergers in the Australian Financial System — Should the Pillars Be Pulled Down?

Valentine, Tom; Ford, Guy

doi:10.1111/j.1759-3441.2001.tb00288.x

Cited by 2 publications

(1 citation statement)

References 10 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Since then, financial deregulation, banking efficiency and the merger policy has been a topic of major interest to banking authorities, policy‐makers and researchers. The four‐pillar policy and the related issues have been debated in the studies of Gans (2000), Harper (2000), Valentine and Ford (2001) and Chappell (2005).…”

Section: Introductionmentioning

confidence: 99%

Regulatory Policy and the Efficiency of the Banking Sector in Australia

Paul

Kourouche

2008

Australian Economic Review

View full text Add to dashboard Cite

This paper examines the technical efficiency of Australian banks during the post-Wallis period (1997)(1998)(1999)(2000)(2001)(2002)(2003)(2004)(2005). The results based on data envelopment analysis reveal that the extent of technical efficiency varies across the banks and over the years. The National Australia Bank, Commonwealth Bank and Macquarie Bank are found to be technically efficient, whereas Adelaide Bank, the Bank of Queensland and Westpac Bank are found to be prominently inefficient. Technical efficiency is the lowest among small banks and has declined over time largely due to deterioration in scale efficiency. Medium-sized banks have outperformed both the small and large banks in terms of efficiency improvements. Some insights into the debate over the removal of the 'four-pillar' policy are provided. * We are grateful to two anonymous referees for helpful comments and suggestions on an earlier draft of this paper. Thanks are also due to the editor, Ross Williams, for encouragement. We alone are responsible for the remaining errors, if any.

show abstract

Section: Introductionmentioning

confidence: 99%

Regulatory Policy and the Efficiency of the Banking Sector in Australia

Paul

Kourouche

2008

Australian Economic Review

View full text Add to dashboard Cite

show abstract

Financial Services Law and Compliance in Australia

Pearson

2009

View full text Add to dashboard Cite

Up until the global credit crisis in 2008, 'Financial Services' was the fastest growing sector of the Australian economy. This growth has had profound implications for individuals, corporations and government. Following extensive review in the last part of the twentieth century, Australia put in place an overarching system for regulating all financial services, replacing a system that was based on separate regulation of products in individual industries. Focusing on the implications of the new system for retail clients - 'financial citizens' - Financial Services Law and Compliance in Australia provides a comprehensive account of the regulatory structure and a detailed analysis of the legislative framework, including discussion of the new regulatory bodies, the new licensing requirements for those wishing to enter the financial services market and the new obligations for those marketing or offering financial services to the public. This is an essential resource for those working in, and advising on, financial services, for students of financial services law, and for anyone needing to understand this new regime in Australia.

show abstract

Bank Mergers in the Australian Financial System — Should the Pillars Be Pulled Down?

Cited by 2 publications

References 10 publications

Regulatory Policy and the Efficiency of the Banking Sector in Australia

Regulatory Policy and the Efficiency of the Banking Sector in Australia

Financial Services Law and Compliance in Australia

Contact Info

Product

Resources

About