Australia Must Gird for Shock-Prone Financial System, RBA Warns (opens original article in a new tab)

The Reserve Bank of Australia warns that the country's financial system must prepare for increased shocks due to a more fragmented global geopolitical environment, with heightened risks from foreign investments and sanctions.

• RBA warns Australia's financial system is more shock-prone due to geopolitical tensions
• Global financial linkages are reshaping with increased geopolitical fragmentation
• Australia's super funds have significant offshore investments, making them vulnerable to foreign shocks
• Financial sanctions have doubled in number over the past decade