As we implement these new approaches, it is critical to maintain a level playing field internationally as far as possible. We must avoid a situation where national authorities are reluctant to impose tighter regulation for fear that this gives an advantage to banks in other countries.
This is an important difference, with Australia's faster population growth being  https://www.rba.gov.au/speeches/2018/sp-gov-2018-08-08.html  1/18  8/8/2018  Demographic Change and Recent Monetary Policy | Speeches | RBA  one of the reasons our economy has experienced higher average growth than many other advanced economies.