Recommendations to improve the competitiveness of the banks

Mike Bouris and Christopher Joye have written an essay entitled Our banks: too big to fail, too few to be competitive. It's an interesting discussion on the competitive advantages the large banks have in Australia in raising funding. They also make three recommendations to improve the situation.

Edit 1st March: Crikey takes a critical look at the claims by Bouris and Joye in Wallis not Joyris, the Yellow Brick Road duo.