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The Need for Reform of the Australian Financial Regulatory System

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  • Carolyn Currie

Abstract

It is being increasingly acknowledged thjat the benefits of deregulation of the financial system have failed to materialise, not so much because of flaws in the conduct of banks, but because of failure to adapt and change the overriding regulatory system to meet the challenges of deregulation, internationalisation and globalisation. In this article a four point system of reform is advocated, either on grounds of theoretical validity, or by reference to regulatory practices in other more advanced financial systems.

Suggested Citation

  • Carolyn Currie, 1991. "The Need for Reform of the Australian Financial Regulatory System," Working Paper Series 9, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
    • Handle: RePEc:uts:wpaper:9
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    File URL: http://www.finance.uts.edu.au/research/wpapers/wp9.pdf
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    References listed on IDEAS

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