Provides multiple layers of legal protection to customers

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The regulatory framework of banking in Australian provides multiple layers of legal protection to customers. From 2009, after the Global Financial Crisis, The Australian government created new laws that provide additional legal protection to the customers of banks. In light of these reforms, how does Australia”s system of banking regulation protect customers? Explain the effectiveness of these protections with reference to at least three specific examples to support your arguments.Refer also to relevant methods of reulation , laws and regulators.

Reference no: EM131625195

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