US, Australia commit to better Pacific banking as China …
Jul 8, 2024 · 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 discuss bolstering...
Pacific debanking crisis cause for US, Australia concern
Jul 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.
Outcomes Statement of the Pacific Banking Forum
Jul 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 July 8-9 in Brisbane, Australia.
Pacific islands are being ‘debanked’. What does it mean – and …
Jul 9, 2024 · The withdrawal of major banks from Pacific islands poses significant socio-economic risks to the region, prompting intervention by Australia, the US and New Zealand. The so-called debanking...
Pacific Banking Forum Outcomes Statement | Treasury.gov.au
The 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.
US and Australia Convene Pacific Banking Forum in an Attempt …
Aug 5, 2024 · US and Australia Convene Pacific Banking Forum in an Attempt to Constrain De-Banking and China. The first Pacific Banking Forum in July 2024 sought to enhance banking relationships in the Pacific but faced challenges, notably excluding Chinese participants. Efforts to reduce reliance on Chinese banking influence in the region are complicated by ...
US, Australia commit to better Pacific banking as China …
Jul 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.
Australia pledges more funds for Pacific banking amid China …
Jul 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...
International Business: US, Australia commit to better Pacific banking ...
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 discuss...
United States-Australia Joint Leaders’ Statement: Building an ...
Recognizing the importance of greater cultural, business, and educational exchanges with the Indo-Pacific, the United States welcomes Australia’s establishment of a new Pacific Engagement Visa, to respond directly to requests from Pacific Island countries and Timor-Leste for access to Australia.
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