Banking policy package released within a week

The treasurer, Waye Swan, is leaving the industry guessing on when he may release the planned policy package. Swan said yesterday that he would do so "within a week", the Sydney Morning Herald reported.

Swan said there were no ''silver bullets'' to boost competition.

''Now, as is always the case, a lot of people have asked for a lot of things to be included in these reforms. And I am certain that no one will get all that they would like,'' he said.

''We're working on measures to make it that little bit easier to walk down the street and get a better deal,'' he said.