Antitrust Antitrust

Report into Australia's 'opaque' retail-deposit market feeds into antitrust regulator's feud with banks

By Ryan Cropp and James Panichi
  • 15 Dec 2023 00:49
  • 15 Dec 2023 01:07
Australia’s banking sector has received yet another hit from the country’s competition enforcer, which today released a damning report on retail-deposit products that found opaque pricing practices and a range of fees and charges were hampering the ability of savers to shop around.

In what amounts to the most recent criticism

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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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