Overseas financial sector reform: Let's join the debate

The Australian financial sector is generally in good shape, but the strains overseas will lead to a rethink of the 'international best  practice' rules for regulating and supervising the financial sector, and this will put pressure on us to adopt whatever international changes occur. The debate is underway with US Treasury Secretary Paulson’s report, and we in Australia should join in, as it is in our interests to ensure a robust international financial sector. My initial thoughts are in the Australian Financial Review today and next week. I hope others might join in the debate.