I welcome also the Governors, Deputy Governors and other representatives of 30 central banks from the Asia-Pacific region and around the world; our colleagues from the Bank for International Settlements; and past and present friends and colleagues from the public and private sectors. It is a very great pleasure indeed to welcome you all to Sydney and to this occasion.
Page 5 of 8  Another vital reform, worth highlighting here, is the recent increase of the deposit insurance threshold to USh 10 million from only USh 3 million previously. The higher threshold is likely to enhance public confidence and encourage greater customer deposits, thereby expanding the funds available for financial intermediation by the banking sector.