RBA's Stevens on finance and economic development

In the speech 'Finance and economic development' given on 12 December Glenn Stevens of the RBA said leveraged buyout activity could become a more prominent issue for the nation's financial system over the next five years.

"Looking ahead, the increasing prominence of private equity and leveraged buyout activity will be a point of interest," Mr Stevens said.

"To date, this trend has probably caused a bit more excitement than the straight numbers would suggest is warranted, since LBOs accounted for a

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