US, Australia Commit to Better Pacific Banking as China …
Jul 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 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 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.
Under Secretary Nelson to Travel to Brisbane, Australia for the Pacific …
Jul 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 Australia.
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.
Pacific Banking Forum Outcomes Statement | Treasury.gov.au
The Pacific Banking Forum (Forum) was co-hosted by the Australian and US governments and convened on 8 to 9 July 2024 in Brisbane, Australia. Representatives at the Pacific Banking Forum agreed to commitments outlined in the Forum Outcomes Statement.
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 ...
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.
US and Australia join forces in the Pacific to counter China threat ...
Jul 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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