RBA’s Ellis: no single best organisational framework for regulation
Luci Ellis, the head of the financial stability department at the Reserve Bank of Australia, on Wednesday said the tools regulators have in periods of financial distress matter far more than whether supervisors are housed within the central bank or not.
Speaking at a conference in Sydney, Ellis said: "Regardless of whether the supervisor is inside or outside the central bank, it is important it shares information readily with the team in the central bank that is responsible for monitoring the
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