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0.General, 1.Market Observations

22 Aug 2014 (AFR) – Murray tells banks to prepare for correction

(22 August 2014, AFR, p1, James Eyers and Jacob Greber)

‘David Murray has said his Financial System Inquiry needs to shore up the banking system to be ready for a ­correction in asset prices that have been inflated by unprecedented global ­monetary stimulus. In a speech that adds to comments two days ago by Reserve Bank of ­Australia governor Glenn Stevens that investors have become too ­complacent about market pitfalls, Mr Murray put the argument for increased ­regulation of the financial industry.’

Read more at AFR.com (might need AFR login access)

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