Guy Debelle: The financial situation three years on Speech by Mr Guy Debelle, Assistant Governor (Financial Markets) of the Reserve Bank of Australia, at the Westpac Macro Strategy Forum, Sydney, 9 September 2010. *  *  *  Thanks to Patrick D’Arcy, Megan Garner, Crystal Ossolinski and Andrew Zurawski for their help.
A third example is the methodology to identify G-SIBs (Global Systemically Important Banks), which includes size, interconnectedness, subsituability and infrastructure, complexity and cross-jurisdiction. The euro area is not considered as a single jurisdiction, which may result in applying higher capital buffers to euro area G-SIBs. This environment contributes to the persistence of banking systems overly exposed to their own national economy.