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Page 48

books.google.com.au - For most of its life the Reserve Bank of Australia (RBA) has led a fairly conservative existence. However, since the early 1980s the economy has experienced financial and market deregulation and general economic liberalisation. The RBA has been caught up with the turbulent policy debates that have ensued....https://books.google.com.au/books/about/Australia_s_Money_Mandarins.html?id=Ai3n-AxMFKoC&utm_source=gb-gplus-shareAustralia's Money Mandarins

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Page 48

The RBA. which during regulation had firm control of the banks, changed from
nanny to couch potato, issuing ... a 'flexible and consultative' approach to
prudential regulation, with the 'changes to the Act ... providing reserve powers to
underpin ...

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