Reserve Bank of Australia governor Stevens speech in Sydney this morning. Comments from the RBA head:

  • Says he doesn't want to comment on monetary policy ahead of May 5 meeting

Full text: Observations on the Financial System

Headlines via Reuters:

  • Says higher capital requirements for banks would make financial system more resilient
  • Low yields very challenging for retirement income systems, needs to be discussed
  • Misconduct in global financial system linked to distorted incentives, erosion of trust culture

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