table of contents 1 executive summary background to the inquiry 2 a regulatory approach for twenty first century stability and integrity 3 efficiency 6 adaptability flexibility 10 recommendations 12 context what is at stake 22 importance an efficient financial system 23 s role in economy sector its own right 25 potential gains 26 maintaining 4 need flexible arrangements encourage competition innovation diversity choice 27 5 task 29 impact deregulation on australian 31 32 removing interest rate lending controls user benefits from removal 33 improved operational reduced costs 35 increased
