The most profound changes to business models will probably not result from capital or liquidity requirements or from other measures to reduce excessive risk taking. Instead, the most profound impact will come from resolution measures. That is because effective resolution measures will put an end to the “too big to fail” or “too big to save” status of systemically important financial institutions.
While these two Australians came from very different backgrounds, they were both significant pioneers. David Unaipon was Australia’s first published Aboriginal author, writing about, in his owns words, Aboriginal ‘customs, beliefs and imaginings’. The micro-text on the banknote is an extract from his book, the Legendary Tales of the Australian Aborigines .