Murray report emphasises competition concerns

Larger lenders have capital advantage, inquiry finds

David Murray, author of the report

The Australian financial system is generally healthy, but regulators should pay attention to the risks posed by the large, systemically important banks, according to a government report released yesterday.

David Murray, former chief executive of the Commonwealth Bank of Australia, and a panel of industry members and academics were commissioned by Australian finance minister Joe Hockey in late 2013 to look into the future of the country's financial sector in the wake of the 2008 crisis. They

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