In our integrated Australasian banking system we have learned the value of strong homehost cooperation in regulating trans-Tasman entities. We have also learned the value of having the capacity in each jurisdiction to deal with failed institutions expeditiously, whatever their size or parentage.
It will continue to examine the risks considered most relevant to the conduct of monetary policy and conduct its policy in an appropriate manner, taking account of developments in economic activity and prices as well as financial conditions. Thank you. 2/2  BIS central bankers' speeches