Philip Lowe: Trust and prosperity Address by Mr Philip Lowe, Governor of the Reserve Bank of Australia, at the CEDA Annual Dinner, Melbourne, 20 November 2018. * * * I would like to thank Andrea Brischetto for assistance in the preparation of this talk. Thank you for the invitation to address CEDA's annual dinner.
Our experience has been that left to itself, the financial sector does not have a pro-equity bias. Indeed, it is even possible to argue that the financial sector does not necessarily reach out to the bottom of the pyramid. 51. Our response to counter this bias has been to use regulation to encourage socially optimal business behaviour by financial institutions.