THE DISTILLERY: Competitive banking

Jotters examine the need for another Australian banking review, while one scrutinises Fortescue's debt deal.

After loudly forecasting the end of Australia's resources boom, Deloitte Access Economics has again rocked the business boat with its call for a large-scale review of the domestic banking system. And while politicians and bankers have had plenty to say on the matter, Australia's scribes weren't far behind. Jotters disagree about the need for another inquiry – one thinks an examination might help address the big four's reliance on offshore funding, while another fears it risks weakening an industry that has already demonstrated considerable strength. Elsewhere, Fortescue's debt deal is put under the microscope, while the Reserve Bank is tipped to keep rates steady at today's meeting.


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