Review of the effects of vertical and horizontal integration in the financial system

The Government agrees that understanding the longer term market implications of integration is an important component of promoting competition in the financial system, and supports the ACCC considering integration issues where they are identified as part of its market studies work.

This also responds to the Productivity Commissions report Competition in the Australian Financial System which recommended that the ACCC should undertake five yearly market studies on the effect of vertical and horizontal integration on the financial system.