Any such responses received are always well articulated, evidence based and considered carefully as we finalise our policy positions. The Central Bank values this constructive engagement. MABS also produces a number of publications10 and a budgeting tool. This information assists consumers in making decisions in relation to their financial affairs and plays an important role in developing knowledge and awareness of financial products.
As competition has intensified, we have seen a growing overlap in the activities and product lines provided by both banks and other financial service providers that has diminished the past distinction between banks and many nonbank firms.