Furthermore, the findings from the Australian Royal Commission and our recent Conduct and Culture Review - jointly undertaken with the Financial Markets Authority (FMA) - demonstrate the need for ongoing constructive change across the sector.
The second step would then be to clarify how these joint responsibilities should be funded. In his speech at the Sorbonne, French President Emmanuel Macron singled out a number of policy areas that he believes should be mutualised, such as defence, border security, and climate protection.