[2]  This type of barrier to entry is also separate from the network externalities that can be important in technology industries. © Reserve Bank of Australia, 2001–2018. All rights reserved. https://www.rba.gov.au/speeches/2018/sp-ag-2018-10-11.html  6/6
Clear institutional structures and transparent decisions are essential as the basis for public confidence in our work as banking supervisors. But creating this confidence will hinge on our ability – yours and mine – to help the public understand the particular difficulties associated with the banking union project.