Australias-Banking-Industry

Australia’s

Banking Industry

Date: May 2011

Disclaimer

This publication has been prepared as a general overview of the Banking Industry in Australia and does not constitute and is not intended to constitute financial

product advice as defined under the Corporations Act 2001 (Cwth). Nothing in this document should be construed as a recommendation or statement of opinion

intended to influence a person in making an investment decision.

The information is made available on the strict understanding that the Australian Trade Commission (Austrade) is not providing professional advice. While all care

has been taken in the preparation of this publication, Austrade expressly denies liability for any loss or damage of any nature (including but not limited to any errors

or omissions) arising out of or connected with reliance on the contents of this publication. Any person relying on this publication does so entirely at their own risk.

Austrade strongly recommends that the reader obtain independent professional advice prior to making any investment decision.

Austrade’s role in the promotion of Australian trade includes facilitating engagement by Australian financial services exporters in markets outside Australia. Austrade

is not a promoter of any financial services products or investments and does not provide investment advice. Austrade assumes no responsibility however so arising

for any company, product or service mentioned in this document, nor for any materials provided in relation to such products, nor for any act or omission of any

business connected with such products. Investors should always make their own enquiries as to whether an investment is appropriate for their needs and should

consult an independent and licensed advisor.

Contents

Other regulatory agencies

45

Executive Summary

5

Australia’s Banking Industry

6

Market Participants

9

Overview

46

9

Banks

Summary of available operating models...