The Reserve Bank still has dual responsibilities for monetary policy and financial system stability, something of which Mills would have approved. And, of course, these two responsibilities were spelled out again in the Wallis Report, and in the speech by the Treasurer when introducing the Wallis reforms.
At the Bank, we have established an internal committee as well as an inter-bank committee on Fintechs and Distributed Ledger Technologies to study Fintech models and propose the regulatory frameworks and technological infrastructures conducive to promote an enabling environment for emerging technologies. Broadly, central banks have to ensure that they remain in sync with the markets.