A PYMNTS Company

Australia: Regulation may weaken competition

By  |  October 22, 2012

Increased regulation that aims to protect consumers from the mis-selling of complex consumer products may actually backfire and make Australia’s market even less competitive. While many of these regulations are necessary considering the limits of self-regulation, they may also reinforce the “too-big-to-fail” dynamic of local companies, which proved to be a “moral hazard” to the US. One suggestion is for the ASIC and RBA to take into consideration how new regulation may affect competition going forward.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Financial Review

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Related Content: The Australian Approach to Competition Law Compliance Programs

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.