RBA deputy governor warns of regulatory side-effects


Philip Lowe, a deputy governor of the Reserve Bank of Australia, today (July 11) spoke about the effects of new financial regulation, highlighting a number of potential problems regulators should move to address.

Lowe said new regulations would hopefully lead to a "safer and more stable" financial system, but added there are a number of "related implications" that may not be so favourable, during a speech at the 41st Australian Conference of Economists in Melbourne. Lowe warned the higher costs

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