3  The  theme  today,  “Digital  transformation  in  banking, future trend and how to remain buoyant” is not only very relevant to the banking sector, but represents the future of banking and evolution of business models in this sector. It is cognizant of the increasing convergence between banking and technology, and the disruption of existing business models therein.
Mining investment, which is already at record levels as a share of GDP, could rise substantially further in the next five years or so (Graph 3). Graph 3  If this scenario eventuates, it will have powerful and broad-ranging implications for the economy. Glenn Stevens and Ken Henry have addressed these recently.