Antitrust Antitrust

Australian banks face new transparency regulations for savings accounts, mortgages

By James Panichi
  • 17 Jun 2024 08:28
  • 17 Jun 2024 08:30
Australian borrowers will find it easier to move their loans from one bank to another while also being scrutinized by financial-product comparison websites as part of the government’s new competition-driven policy initiative targeting interest rates on mortgages and savings accounts.
In an announcement over the weekend (see here), Australian Treasurer

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James Panichi

Senior Editor, Asia Pacific

James, an Australian journalist with over 25 years’ experience in print and electronic media, helps to oversee MLex’s coverage of regulatory risk in Asia, with special attention to Australia and New Zealand. In 2016, James was appointed as MLex’s managing editor for continental Europe, overseeing the Brussels bureau’s coverage of EU regulatory affairs and managing a team of 16 journalists in Brussels and Geneva. Previously James worked for the European Voice newspaper, before joining the European operation of US political website Politico as an investigative reporter specializing in governance, transparency and lobbying.

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