Furthermore, the findings from the Australian Royal Commission and our recent Conduct and Culture Review - jointly undertaken with the Financial Markets Authority (FMA) - demonstrate the need for ongoing constructive change across the sector.
I am going to share with you today the Reserve Bank’s perspectives on some of these events, and about the future direction of our insurance policy and supervision work - including some of the initiatives that we will seek your feedback on in due course. Our desire is to ensure that the insurance sector is financially sound and trusted.