Australia shouldn’t squander its super-sized funding advantage
There is no shortage of capital in the financial system. The challenge is to make sure it’s deployed in a way that works for the entire economy.
Australia’s financial system is undergoing a dramatic transformation from one dominated by the big four banks that control $4 trillion of assets to one that is increasingly influenced by the $3.4 trillion pool of superannuation assets.
As super assets will eventually eclipse banking assets, the debate about how the sector can better serve the Australian economy by boosting its role as a lender to businesses has become more crucial.
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