BCG After the Storm. Westpac Banking Corporation - proposed acquisition of St George. Inquiry competition Bk. Speech-Financial System Developments in Australia and Abroa. Malcolm Edey Assistant Governor (Financial System) Retail Financial Services Forum Sydney - 19 August 2009 It’s a pleasure to be here at this 7 th Annual Retail Financial Services Forum. When this event was held a year ago, we were almost exactly one year into the international financial crisis. Markets were under strain and risk pricing had increased. But as difficult as things were at that time, the most severe phase of the crisis was still ahead. The year since then has turned out to be the most eventful that any of us would hope to see.
Today I want to take the opportunity of reviewing some of those events and looking at how they have affected the financial system in Australia. My main themes are easy to summarise: The most intense phase of the crisis extended over roughly the six-month period that followed the collapse of Lehman Brothers, from September 2008 to March this year. The Evolving Financial Cycle Let me begin with a few observations about how all these events unfolded. Graph 1. ADI Quarterly Performance Statistics. CBI. 20091123-cbi-shape-of-business.pdf (application/pdf Object) Lambertspeech060308.pdf (application/pdf Object) Lambertspeech060308.pdf (application/pdf Object) Return to dividend investing.
Concentration Oz. Other Models. Narrow Banking. Financial Services - Investment opportunities in Australia by se. The Financial Services Gateway The Financial Services Gateway (www.austrade.gov.au/Gateway/), designed to help international investors navigate financial services regulation in Australia, is an online guide to the registration and licensing requirements investors may need to complete before operating a financial services business in Australia.
Sophisticated and attractive to investors Australia offers international investors opportunities in a strong and sophisticated financial services sector, ideally located within the rapidly growing Asia-Pacific region. Australia has deep, liquid financial markets, and is recognised as a leader in investment management, as well as areas such as infrastructure financing and structured products. Finance and insurance is the largest sector in the Australian economy, generating more than 10.4 per cent or A$128 billion of real gross value added in the fiscal year to June 2011 (Source: Australian Bureau of Statistics Cat. Strength in investment funds. Inquiry into competition.