Treasury in Australia has just released a paper by RBB Economics commenting on new prohibitions introduced to target anti-competitive price signalling and information disclosure in the banking sector. The paper looks at the issue from an economics perspective and argues that the need for a process such as that set out in the Draft Regulations to extend the price signalling and information disclosure laws beyond the banking sector highlights the shortcomings of the new laws and illustrates why those laws should be amended before being extended to other sectors.RBB’s paper can be found here
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