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Australia Must Gird for Shock-Prone Financial System, RBA Warns

Australia Must Gird for Shock-Prone Financial System, RBA Warns
Bloomberg Markets Wednesday 17 June 2026, 01:30 UTC By Michael Heath 1 min read
Key Points

Australia Must Gird for Shock-Prone Financial System, RBA Warns Australian institutions need to be ready to respond to a more shock-prone financial system as a strained geopolitical environment reshapes financial and economic linkages, a senior Reserve Bank official said Wednesday. RBA Assistant Governor Brad Jones used a speech in Melbourne to revisit history — from the Peace of Westphalia in 1648 to the post-World War II Bretton Woods Agreement — to show how the global architecture bleeds...

Australia Must Gird for Shock-Prone Financial System, RBA Warns Australian institutions need to be ready to respond to a more shock-prone financial system as a strained geopolitical environment reshapes financial and economic linkages, a senior Reserve Bank official said Wednesday. RBA Assistant Governor Brad Jones used a speech in Melbourne to revisit history — from the Peace of Westphalia in 1648 to the post-World War II Bretton Woods Agreement — to show how the global architecture bleeds into the financial system. He noted that after a period of quiet following the end of the Cold War, tensions between power blocs and states have returned.
RBA (ORG) Australian (ORG) Reserve Bank (ORG) Brad Jones (PERSON) Melbourne (LOCATION) the Peace of Westphalia (ORG) post-World War II (EVENT) the Cold War (EVENT)
Originally published by Bloomberg Markets Read original →

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