Banking conference highlights Australia’s rosy economic position

By Banking conference highlights Australia’s rosy economic position  Thursday, 1 November 2012  Features

The global financial crisis and systemic risk were some of the leading issues discussed at the 25th Australasian Finance and Banking Conference (AFBC), hosted by the Australian School of Business, UNSW.

The three day event was held at the Shangri-La Hotel in Sydney and attracted some of the most respected academic and industry leaders in the field of economics, including Nobel Laureate Professor Robert Engle and deputy Federal Treasury Secretary, Jim Murphy.

At the Business Forum discussion on Monday, Professor Engle highlighted Australia's current situation, noting that it could withstand another financial crisis.

"The world looks pretty rosy from Australia's point of view," Professor Engle remarked.

Professor Engle and Mr. Murphy were joined by Dr Guy Debelle, Assistant Governor of the Reserve Bank of Australia and Mr. Curt Zuber, Treasurer of Westpac Banking Corporation to discuss regional financial stability to a packed auditorium.

Despite the uplifting take on the strength of Australia's economy, the effect local Australian businesses and households have felt from the global financial crisis was acknowledged.

The Australasian Finance and Banking Conference is organised by the Institute of Global Finance and the School of Banking & Finance at the Australian School of Business at UNSW. The conference is the most prestigious finance conference in the Asia-Pacific region, and brings together the world's foremost leaders of thought from the financial community to meet and share their research and interest in finance related fields.

The Australian School of Business, UNSW, would like to invite all academics and practitioners to participate in the 26th Australasian Finance and Banking Conference on 18-20 December 2013.