•  First, we will continue to stress the importance of macroeconomic and financial stability as a prerequisite for sustainable growth. We already show our commitment and long-standing track record on this, and we will continue to do so. The recent global economic and financial condition is still challenging and uncertain.
What has Australia done? Australia was not as badly affected by the crisis as some other countries. Our banking system overall, though hardly without blemish, stood up fairly well. This was testament to generally sound management in most institutions and a robust supervisory approach.