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Essay Details:
Essay text:
To do so accurately would be impossible. Rather, it has confined its analysis to identifying the broad directions of change which are now under way.
Four broad changes are identified.
Key Findings
Increased competition will result in the rationalisation of pricing and costs. There will be no room in a competitive market for non-commercial mispricing. Competitors with high cost structures will also be forced to rationalise their operations in order to remain competitive.
The Australian economy and its financial system are now closely linked to international markets. Financial services participants in Australia face increasing competition from offshore providers and are simultaneously pursuing international opportunities themselves...
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