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Newcastle Herald
Tuesday July 29, 2008
"What this announcement from the ANZ shows is that we are not immune from developments in global financial markets. So we shouldn't lose sight of the fact that we do have world-class regulators who are looking at these issues all the time, and we still have a very strong, well-regulated banking system."
Treasurer Wayne Swan after ANZ Bank shares plummeted and the company flagged provisions for bad debt in its second half of $1.2 billion.
© 2008 Newcastle Herald
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