Resilience in the financial system can be achieved in different ways, said Philip Lowe, an assistant governor of the Reserve Bank of Australia.

Lowe said country's history was an important influence, as was its openness to trade, the level of per-capita income, and the overall size of the economy. He said in Australia's case, for example, few people would argue that a return to the highly regulated and less globally-integrated financial environment of the 1970s would be the best way to manage