Thursday, November 22, 2012

Shorten and Stevens throw "knuckle-balls" at banks, non-banks, and FX traders

Read all about the big news for banks, non-banks, and FX traders outside the AFR's pay-wall here. Amazingly, this was completely missed by the media aside from the AFR's reporters (and online media published since). My opening paragraph:

RBA governor Glenn Stevens and Financial Services Minister Bill Shorten have both thrown “knuckle-balls” into the evolving policy debates on how to prevent banks and non-banks from collapsing. Stevens also revealed he’s taken a directional punt on the Aussie dollar.