Regulators need a ‘holistic' view of the global financial system, says RBA's Debelle

guy-debelle

Though national financial regulatory changes may make sense in their own right when considering the impact on "their own particular market", limited understanding of how they interact across borders and affect market functioning makes "a holistic review" of global financial regulation necessary, Reserve Bank of Australia (RBA) assistant governor Guy Debelle said in a speech at the Funding Australia's Future Forum in Sydney today, reiterating earlier comments.

"We don't really know the full

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