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International Law

: Australian Regulatory Compliance Review

No change to banking "Four Pillars"

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The Treasurer has announced that the Rudd Government will maintain the existing  Four Pillars policy for the banking sector.

"Accordingly, whatever may be the outcome of the banking merger now under consideration [ie between Westpac and St.George] , the Rudd Government sees no case for changing the Four Pillars policy which has served Australia well."

Full post as published by Australian Regulatory Compliance Review on June 02, 2008 (boomark / email).

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