RBA Deputy Governor Warns Australia Must Prepare for More Fragile Financial System Amid Geopolitical Tensions

According to Jin10, Reserve Bank of Australia Deputy Governor Brad Jones warned on Wednesday (June 17) that Australian institutions must be prepared to handle a more shock-prone financial system as geopolitical tensions reshape financial and economic ties. Jones noted that Australia's fixed income market has a high proportion of foreign investment, leaving the financial system vulnerable to external shocks.

Jones highlighted that about half of the nation's superannuation fund assets are invested overseas, further exposing the system to international risks.