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Brief
On 03/12/2024, the Council of Financial Regulators issued an update regarding "Review into Small and Medium-sized Banks – December 2024". The Council was asked to examine the state of small and medium-sized banks, focusing on competition. The Review aims to consider options and approaches to improving competition in this sector, with feedback sought from stakeholders by 7 February 2025. Written submissions should be sent to CFRReview@treasury.gov.au for review.
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