The world’s banking regulatory authority has warned that more financial shocks are inevitable and that Australia may be at the centre of the next shock.
The world’s top banking regulator has told the Australian Financial Review (May 30, 2011) that it will be impossible to avoid a repeat of the financial failures that brought on the global financial crisis (GFC).
Stefan Walteris the general-secretary of the Basel Committee on Banking Supervision. The Swi…
