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It's 'obvious' we need power to break up the banks, auditors

Patrick Durkin
Patrick DurkinBOSS deputy editor
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Allan Fels is calling for a court-ordered power to break up big businesses including the banks, energy companies, audit firms and tech giants, warning it is the obvious gap in competition laws.

Professor Allan Fels says the Hayne royal commission fell short. Alex Ellinghausen

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Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com
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    Original URL: https://www.afr.com/policy/economy/it-s-obvious-we-need-power-to-break-up-the-banks-auditors-20190806-p52eba