This is because we see occasionally a contradiction in the proposals – the contradiction that institutions complain about having less and less time to devote to retail business as a result of regulatory requirements, on the one hand, while the lists of demands that they present largely focus on reducing minimum capital and liquidity requirements, on the other.
Philip Lowe: Renminbi internationalisation Remarks by Mr Philip Lowe, Governor of the Reserve Bank of Australia, to the RMB Global Cities Dialogue Dinner, Sydney, 27 April 2017. * * * I would like to thank Laura Berger-Thomson, Eden Hatzvi, Chris Ryan and Callan Windsor for assistance in the preparation of these remarks.