A well designed approach ensuring supervisory efficiency; 2. closer cooperation among authorities and 3. and clear consistency of rules. First, it is key that we always bear in mind the objective of supervisory efficiency when designing DORA. The DORA proposal raises some crucial points regarding the interplay between (traditional) banking supervision and the new European oversight framework.
See the Financial Aggregates release for more information. https://www.rba.gov.au/speeches/2018/sp-ag-2018-09-19.html  2/16  20/09/2018  Money – Born of Credit? | Speeches | RBA  Graph 1  Broad money represents a relatively liquid form of wealth held by Australian households and businesses. It includes currency, deposits and deposit-like products.