New committee will make decisions on financial stability
It comes after concerns were raised about Reserve Bank plans to raise capital requirements for retail banks.
There is more change at the Reserve Bank, this time in relation to its financial stability responsibilities.
Disquiet about the Reserve Bank’s move to toughen capital requirements for retail banks has led to a change in the way the bank manages its financial stability responsibility.
The Reserve Bank is setting up a Financial Policy Committee to make key decisions relating to financial stability, taking
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