Effects on the Functioning of Financial Intermediation  Financial institutions' core profitability has declined due to prolonged low interest rates and structural factors.  It is necessary to pay attention to both overheating and pullback risks to the financial system.
Governor Armitage wrote:  http://www.rba.gov.au/speeches/2017/sp-gov-2017-09-08.html  1/3  9/8/2017  Remarks at the Bank of China Sydney Branch's 75th Anniversary Celebration Dinner | Speeches | RBA  ‘I feel sure that the entry of your Bank into the Australian Banking System will not only be of inestimable value in facilitating business relationships between China and Australia, but will also help to foster the increasing bond of friendship between our respective countries.’ Seventy-five years on, this sentiment remains just as valid as it was in 1942, despite the tremendous change in both our countries since.