US, Australia Commit to Better Pacific Banking as China …
WEBJul 7, 2024 · BRISBANE (Reuters) -U.S. and Australian officials said on Monday they were committed to improving financial connectivity in the Pacific, as lenders and policymakers from across the region met to...
Pacific Banking Forum Outcomes Statement | Treasury.gov.au
WEBThe Forum delivered Prime Minister Albanese’s and President Biden’s commitment to work with Pacific island countries and public, private and multilateral sector partners in the region to address the decline of correspondent banking relationships (CBRs) in the Pacific.
Outcomes Statement of the Pacific Banking Forum
WEBJul 15, 2024 · WASHINGTON – The United States and Australia hosted the Pacific Banking Forum to address the urgent problem of ‘de-risking’ and the decline of correspondent banking relationships (CBRs) in the Pacific from …
Australia-US forum aims to solve Pacific banking crisis
WEBJul 7, 2024 · Australia and the United States will this week try to solve the growing crisis of Western banks withdrawing from the Pacific, which is viewed as posing a national security risk if China...
US, Australia commit to better Pacific banking as China …
WEBJul 8, 2024 · BRISBANE – US and Australian officials said on Monday they were committed to improving financial connectivity in the Pacific, as lenders and policymakers from across the region met to discuss bolstering banking services amid increasing interest from China.
Under Secretary Nelson to Travel to Brisbane, Australia for the Pacific …
WEBJul 3, 2024 · WASHINGTON – From July 8 – 10, Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson will travel to Brisbane, Australia as the U.S. Department of the Treasury co-hosts the Pacific Banking Forum with the Government of …
Historic Pacific banking forum concludes with key commitments
WEBJul 13, 2024 · The inaugural Pacific Banking Forum, a landmark event organised by Australia and the United States in partnership with the Pacific Islands Forum in Brisbane this month, has concluded with significant commitments aimed at maintaining the Pacific’s connection to global banking systems.
Australia pledges more funds for Pacific banking amid China …
WEBJul 9, 2024 · Australia will provide A$6.3 million ($4.3 million) more for the Pacific to develop secure digital identity infrastructure and enhance compliance with anti-money laundering and...
Pacific debanking crisis cause for US, Australia concern
WEBJul 10, 2024 · The so-called debanking of the Pacific – when banks close or restrict accounts because they believe customers pose regulatory, legal, financial or reputational risks to their operations – was the focus of discussions at this week’s Pacific Banking Forum in Brisbane.
US and Australia join forces in the Pacific to counter China threat ...
WEBJul 8, 2024 · Treasurer Jim Chalmers, in a speech on Tuesday to the US/Australia Pacific banking forum in Brisbane, warned of “confronting” challenges with the most rapid withdrawal of banking services of any region in the world on Australia’s doorstep.
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