That background suggests a number of interesting questions that I want to think about today: •  Why was the latest crisis so severe? •  What does history teach us about the risk of it happening again? •  In what ways are the after-effects of the GFC still continuing?
These choices and decision will need to be made collectively, by representatives from multiple jurisdictions across our region, acting with trust in each other, in the mutual best interest of the region. What I am proposing here is an unprecedented level of international cooperation to address an unprecedented challenge.