A senior Reserve Bank of Australia official said on Wednesday tighter
geopolitical tensions are reshaping financial and economic links and Australian
Deputy institutions must prepare for a more shock-prone financial system.
Governor Brad Jones said policymakers are stepping up efforts to ensure the
system can withstand a tougher risk environment, warning high foreign
participation in Australia's fixed-income markets and that about half of
superannuation assets are invested overseas leave the financial system exposed
to external shocks.
