New survey shows more than three quarters of Australians believe consumers would benefit from stronger competition to the big four banks.
This discussion paper is one of a series produced by COBA to generate discussion and debate and to prompt feedback to inform our submission to the Financial System Inquiry (FSI).
The Customer Owned Banking Association (COBA) welcomes the opportunity to contribute our priorities for the 2014-15 Federal Budget.
The Customer Owned Banking Association (COBA) welcomes the opportunity to comment on the draft Terms of Reference for the Government’s Financial System Inquiry. Our members are credit unions, building societies and mutual banks, and collectively, our sector serves around 4.5 million Australians. The customer owned model is the proven alternative to the listed model, delivering competition, choice, and consistently market leading levels of customer satisfaction.
When it comes to the banking conversation in Australia we regularly hear from the Big Banks and the Government. We thought it was time to hear what everyday Australians had to say.
This Deloitte Access Economics report assesses the current state of competition in the banking sector, and the key regulatory barriers faced by mutuals.
This International Monetary Fund report is an assessment into the stability of the Australian financial system.