One way to analyse the competitiveness of the financial sector is to look for any signs that we would expect to see if the sector was not competitive.
For example: 1.  if the overall provision of financing to the economy was inadequate;  2.  or if the costs paid by households and businesses for financial services was high by international standards;  3.  or if the availability of new financial products in Australia was less than overseas;  4.  or if the profitability of financial intermediaries was unreasonably high.