The bank selection process and market definition in Australia

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Journal of Financial Regulation and Compliance

ISSN: 1358-1988

Online from: 1992

Subject Area: Accounting and Finance

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Document Information:
Title:	The bank selection process and market definition in Australia
Author(s):	Ross Jones, (Senior Lecturer in the School of Finance and Economics at the University of Technology, Sydney, Australia), Jim Nielsen, (Professor of Banking and Finance at Oregon State University, Corvallis, Oregon 97331-2603, USA), Rowan Trayler, (Senior Lecturer in the School of Finance and Economics at the University of Technology, Sydney, Australia)
Citation:	Ross Jones, Jim Nielsen, Rowan Trayler, (2002) "The bank selection process and market definition in Australia", Journal of Financial Regulation and Compliance, Vol. 10 Iss: 1, pp.22 - 30
Keywords:	ACCC’s, Australia, Bank selection process, Product clusters
Article type:	General review
DOI:	10.1108/13581980210810094 (Permanent URL)
Publisher:	MCB UP Ltd
Abstract:	This paper examines the Australian Competition and Consumer Commission’s (ACCC) approach to market definition in light of bank mergers within the country of Australia. It considers whether or not the ACCC’s approach is consistent with the actual bank selection criteria of a nationwide sample of 2,500 business firms. Empirical evidence reveals that a regulatory approach of defining bank markets based on distinct products may only be serving the interest of large business firms. The interest of small business firms may be better served under the more traditional approach of defining bank markets based on product clusters.