Governance Institute blog

Month: Dec

Getting the terms of reference right an important first step for the financial system inquiry

Posted by Judith Fox, National Director, Policy & Publishing on 18/12/2013

The two previous reports into Australia’s financial system drove positive and fundamental change. Sir Keith Campbell’s 838-page report (1981) recommending a move from a fixed to a market-base currency exchange rate, permitting entry of foreign banks and deregulation of the banking sector spearheaded Australia’s quest to be a financial powerhouse in the Asia Pacific.

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