RBA's Edey lauds Australia's financial regulation framework
Malcolm Edey, an assistant governor at the Reserve Bank of Australia (RBA), says that Australia's financial stability regulatory infrastructure has served the country's economy well – but that what counts in the end is the quality of the implementation.
Addressing a summit in Sydney today, he said that during the recent period of global financial stress, Australia's "banking system and our crisis management arrangements have proved more resilient than most".
The Australian Prudential Regulation
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