Business
How the banks got the jump on Victoria’s lockdown – The Australian Financial Review
Bank lobbyists secured exemptions for hundreds of job functions before the state was locked down, leaving other industries squealing about the lack of consultation.
It also includes a great many other roles required for a properly functioning banking system, including credit approvals, financial markets functions, payroll processing, the operation of a branch network and fraud detection.
But the list also contains a number of roles which might be considered adjacent to the operation of a retail banking service.
Debt collection services, hedging and permitted proprietary trading are on the list. The manufacture of credit cards, foreign currency exchange, w…
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