SYDNEY, March 28 — Australian Treasurer Jim Chalmers will convene a meeting of the country’s top financial regulators to check how the latest volatility in global financial...
SYDNEY, March 28 — Australian Treasurer Jim Chalmers will convene a meeting of the country’s top financial regulators to check how the latest volatility in global financial markets could affect the country, an official in the treasurer’s office said today.
The CFR is made up of the Australian Prudential Regulation Authority, the Australian Securities and Investments Commission, the Australian Treasury and the Reserve Bank of Australia. The discussions with key global financial officials come ahead of meetings of the World Bank and the International Monetary Fund in Washington, DC from April 10 to 16, which Chalmers is expected to attend.
“We’re not immune to what’s coming at us from overseas, but our own economy and financial system are well regulated, well capitalised and well placed to respond to these challenges,” he said.
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