{"id":36989,"date":"2017-05-08T18:30:08","date_gmt":"2017-05-08T08:30:08","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=36989"},"modified":"2017-05-10T00:31:03","modified_gmt":"2017-05-09T14:31:03","slug":"vertically-integrated-model-to-face-competition-review","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2017\/05\/08\/vertically-integrated-model-to-face-competition-review\/","title":{"rendered":"Vertically Integrated Model to Face Competition Review"},"content":{"rendered":"<p>Vertically integrated financial services businesses will come under review after the Federal Government requested the Productivity Commission examine competition in the nation\u2019s financial system.<!--more--><\/p>\n<figure id=\"attachment_36990\" aria-describedby=\"caption-attachment-36990\" style=\"width: 150px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2017\/05\/Scott-Morrison.jpg\" rel=\"attachment wp-att-36990\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-36990\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2017\/05\/Scott-Morrison.jpg\" alt=\"Federal Treasurer, Scott Morrison \" width=\"150\" height=\"180\" \/><\/a><figcaption id=\"caption-attachment-36990\" class=\"wp-caption-text\">Federal Treasurer, Scott Morrison<\/figcaption><\/figure>\n<p>Announcing the review, Treasurer, <strong>Scott Morrison<\/strong> said the Commission would look at improved consumer outcomes as well as the productivity and international competitiveness of the financial system.<\/p>\n<p>\u201cIn doing so it will consider the level of contestability and concentration in key segments of the financial system, including the degree of vertical and horizontal integration,\u201d Morrison said.<\/p>\n<p>He added the review was part of a series of commitments to review the state of competition in the financial system which the Federal Government had made in response to the Financial System Inquiry.<\/p>\n<p>He also called on all interested parties to make a submission to the Commission, which has yet to release terms of reference, but will commence its review on 1 July 2017 and report by 1 July 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vertically integrated financial services businesses will come under review after the Federal Government requested the Productivity Commission examine competition in the nation\u2019s financial system.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,8,6],"tags":[],"class_list":["post-36989","post","type-post","status-publish","format-standard","category-company-news","category-compliance-regulation","category-dealer-groups"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/36989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=36989"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/36989\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=36989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=36989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=36989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}