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Bank mergers in the Australian financial system : should the pillars be pulled down?

Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.14/18652

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Title: Bank mergers in the Australian financial system : should the pillars be pulled down?
Related: Economic papers, Vol. 20, Issue 4, p.36-53
Related: http://www.ecosoc.org.au/cc/economic-papers
Publisher: Economic Society of Australia
Date: 2001
Author/Creator: Valentine, Tom
Author/Creator: Ford, Guy
Description: The first section of the paper deals with the impact of bank mergers on the competitiveness of the industry. In order to consider this question, it is necessary to define the relevant markets. This discussion will lead to some consideration of the definition used by the ACCC in solving earlier merger proposals. Goddard and Walker (2000) give a detailed analysis of the ACCC's position on the most recent merger of the Commonwealth Bank of Australia and Colonial Limited. Earlier merger proposals did not involve two major banks, and the ACCC's attitudes have been evolving in line with changes in the financial system. This paper considers definitions that will be appropriate in the future. The next section looks at possible efficiency gains from bank mergers. This section aims at determining whether mergers will generate substantial benefits by reducing the costs of banking transactions. It concludes with a discussion of the prudential effects of bank mergers.
Description: 18 page(s)
Subject Keyword: four pillars policy
Subject Keyword: contestability
Subject Keyword: investment products market
Subject Keyword: risk management products
Subject Keyword: transaction accounts
Subject Keyword: systemic stability
Resource Type: journal article
Organisation: Macquarie University. Macquarie Graduate School of Management

Identifier: http://hdl.handle.net/1959.14/18652
Identifier: ISSN:0812-0439
Identifier: mq-rm-2001012109
Language: eng
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