The Murray inquiry's mixed messages

The David Murray-led panel seems to have a conflicted stance on banking competition, while its views on consumer protection are a backwards step for the industry.

The Financial System Inquiry's interim report provides a conspectus of the areas of the financial system in which the committee will make major recommendations in its final report in November, but it does not provide much insight about the specific recommendations the committee might make in that final report.

In comparing the approaches of the Wallis and the Murray committees, it may be instructive to consider the composition and background of the two committees and their terms of reference.


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