Risk Australia: Basel III being hijacked by politicians in Europe and US; ABA chief slams levy buffer as tax 'export’
Australian bankers attending Risk Australia in Sydney were worried that reforms aimed at supporting other countries' financial sectors may weigh heavily on their own shoulders.
Australia's relatively successful performance during the global financial crisis has given its negotiators a stronger voice on the international stage regarding reform of the global financial system. But there were concerns among participants attending Risk Australia in Sydney on August 31 that securing international decisions that favour Australia remains a major challenge.
"Australia still
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