Tail events resemble platypus moment, rather than black swan: RBA’s Ellis

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Luci Ellis, the head of the financial stability department at the Reserve Bank of Australia, on Thursday said that by focusing on rent-seeking behaviour, financial supervisors can anticipate so-called platypus moments, as opposed to reacting to black swan events.

At the Paul Woolley Centre for Capital Market Dysfunctionality Annual Conference, in Sydney, Australia, Ellis said: "Some people think that looking for risks to financial stability is about hunting out the black swans that could

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