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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.

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    Related Content: The Australian Approach to Competition Law Compliance Programs

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