Into To Deregulation

Paper Rating: Word Count: 548 Approx Pages: 2

The financial system is essential to the well-being of all Australians.

The system is undergoing change under the pressure of new market and

customer needs, new technologies and global competitive forces. The last

comprehensive review of the system was undertaken by the Australian

Financial System Inquiry (the Campbell Committee), which presented its

report in 1981. Decisions taken in the following years set in train substantial

reforms of the regulatory framework generally described as ╦ťfinancial

The Treasurer, the Hon. Peter Costello MP, established the present Financial

System Inquiry in June 1996 with the following mission:

The Inquiry is charged with providing a stocktake of the results arising

from the financial deregulation of the Australian financial system since t

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