Risk & Return Australia 2011: Co-ordinated supervision critical for global financial stability
Speakers at Risk & Return Australia 2011 believe the ability of supervisors to implement regulation around the world in a consistent manner is the most critical component to financial regulatory reform. They also believe the timeframe for new rules needs to be more ‘realistic’
The downgrade of US sovereign debt to AA+ by rating agency Standard & Poor's on August 5 and continuing fears the Eurozone debt crisis may ensnare Europe's larger economies resulted in a severe volatility in Australian equity and foreign exchange markets as Risk & Return Australia 2011 took place on August 9 in Sydney. The S&P/ASX 200 index fell nearly 3% on August 8 to close at 3,986.10 while the
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