Regulators not in real world, says McFarlane

AUSTRALIA - The ANZ Bank CEO, John McFarlane, has spoken out against Australia's financial regulators.

Referring to its policy on credit cards, McFarlane said that the Reserve Bank of Australia (RBA) was running a policy which went against the best financial interests of Australia. McFarlane added that international investors did not like over regulation and that there was a danger that Australia would not be viewed as an attractive destination for global investment. Bringing prices down too f