A final word – or rather two final stories – about advice. I was struck by the emphasis the IEO report on IMF exchange rate advice put on country's responses to questions about the quality of the advice they receive from the Fund.
Although, as I said, we didn’t have a banking crisis here during the GFC period, the Australian regulators recognise the importance of improving standards, and we are working on implementation of the various international initiatives in all these areas, and others.