Shortly after I joined the Bank we outlined our ambitious vision to be a ‘Great Team and the Best Central Bank’.1,2 They say the first step to running a marathon is to tell everyone of your intention. This is our marathon.
It was apparent that the Bank needed to evolve – as do all businesses – to be able to meet new challenges, risks, and opportunities. These challenges ranged across, for example, record low international interest rates, changing societal expectations of business conduct and culture, a broader regulatory remit, new and emerging technologies and, of course, climate change. 1  Reserve Bank Vision.