The governor of the Reserve Bank of Australia (RBA), Phillip Lowe, doesn’t believe a global coordinated financial response to the Ukraine conflict is required. Lowe said that while central banks worked closely together during the Global Financial Crisis, the current situation was entirely different. “[They worked together in the GFC] because financial markets had frozen and central banks needed to unfreeze those financial markets,” he told the inaugural Banking Conference hosted by the Australian Banking Association on March 11 in response to a question from the host. “At the moment, I don’t think there’s a need for coordinated policy response. What there is a need for us to do is to sit down and share information.” He said that the many sanctions on Russia have caused a “major dislocation” in its economy, but that those impacts have yet to affect the global financial system. “But it’s still early days. There’s …