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Quarterly Statement by the Council of Financial Regulators – June 2023
The Council of Financial Regulators (the Council) held its regular quarterly meeting on Thursday, 8 June. The main topics discussed were the lessons for Australian regulators following recent stresses in parts of the international banking system, the impact of high inflation and interest rates on households, businesses and the financial system, and the RBA Review recommendations regarding the Council. The Council discussed the new complexities and challenges faced by policy makers in responding to bank stress, as highlighted during the recent bank crisis events in the United States and Switzerland. The high level of ... (full story)