The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Monday, November 19, 2012

IMF rebukes APRA and RBA on too-big-to-fail major banks

You can read my AFR column today on the IMF's reform ideas for Australia's banking system here. I open up like this:

"The International Monetary Fund has recommended a raft of fundamental policy changes that should be sending shock waves through the banking community."