Assessment of the Australian Government’s Four Pillars Policy in the Banking Industry

This article assesses the Australian Government’s Four Pillars Policy in the Banking Industry. It discusses the history of competition in banks, the four pillar policy, implications of implementing the policy, outcomes of the 2018 Royal Commission into Misconduct in the Banking Industry, and recommendations for the Superannuation and Financial Services Industry. The article also highlights the need for a fair and structured environment for financial decision-making.