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This paper is part of a thought leadership series dedicated to ensuring Australia and its next generation of leaders remains fit for the future. Reforming international financial regulation details how regulation is being reformed internationally. The global economic downturn uncovered severe weaknesses in the international framework of regulation and it is paramount that Australia moves with best practice to ensure its regulation architecture remains viable. To achieve this there needs to be a subtle calibration between efficiency and stability – a delicate mix but critical to the future evolution of Australia’s financial services industry.
Australia will face many challenges in financial regulation over the coming decades. Reforming
international financial regulation represents a building block to a greater level of understanding of the international trends and how Australia is placed internationally.