Australian Banking Sector

A U S T R A L I A N B A N K I N G S E C T O R
ECONOMICS FOR
BUSINESS

INTRODUCTION
• The purpose of the presentation is to enlighten
the reader with the details about the Australian
banking system. The Australian banking system is
currently at a degraded position in the
international market. The economy of the country
has also started to deplete because of this cause.
Further, the details about the banking system of
Australia are discussed in the paper (Matthews
2016). More details about the presentation are
mentioned below:

AUSTRALIAN BANKING SECTOR
• The banking sector of Australia is majorly
dominated by four organization that are
Commonwealth Bank, National Australian Bank,
Australia and New Zealand Bank and Westpac
Banking Corporation.
• The ADIs are corporate body that has been
granted authority by the Australian Prudential
Regulation Authority (APRA) to initiate the
banking business activities (RBA.Gov 2019).

CONT.
• Royal Commission into misconduct in the
Banking, Superannuation and Financial Services
Industry is formed to scrutinize and report the
misconduct in the banking sector, superannuation
and financial services sector.