- Sheraton on the Park, Sydney
The Bellwether Series 2013: Australia
The Strategic Event for Asian and Australian Finance Leaders
Now in its fourth year, The Bellwether Series 2013: Australia will convene strategic finance decision makers including senior policymakers, business leaders and leading thinkers to examine the critical financial challenges facing Australia.
In 2012, year three of Economist Conferences' The Bellwether Series: Australia included speakers from Europe, China, India and Australia gathered in Sydney to exchange views on Australia’s prospects and challenges in an uncertain global landscape. An audience of 150 of Australia’s senior finance executives participated in the room.
Senior representatives from the OECD, State Bank of India, Bank of China, the Australian Prudential Regulatory Authority and the Australian Securities and Investment Commission shared views alongside Government of Australia policymakers. Penny Wong, Australia’s Minister of Finance, provided final thoughts in an intimate closing interview.
Hon Penny Wong, Minister for Finance and Deregulation Government of Australia
|Philip Lowe, Deputy Governor,Reserve Bank of Australia||Adrian Blundell-Wignall, Deputy Director, Financial and Enterprise Affairs, Organisation for Economic Co-operation and Development (OECD|
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global investor sentiment highlights confidence in Asia-pacific growth
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Opening remarksThe chairperson will give scene-setting remarks for the day’s discussions.
Simon Cox, Asia Economics Editor, The Economist
The global financial landscape, Asia and Australia
This session will examine the implications of global financial developments for the world, Asia Pacific and Australia.
Central banking: the new lords of finance
The Bank of Japan, the People’s Bank of China and the Bank of England are coming under new management. At the same time, central banks around the world are exercising new powers and entertaining new approaches. Many people believe that central bankers (and only central bankers) have the power to end Japan’s slump, rescue the euro and revive America. Are they right?
Bankers without borders
Banks from Japan, Australia and elsewhere in the region have shown a new willingness to venture overseas. Their balance sheets are strong, their home markets are saturated, and euro-area lenders are in retreat. The region’s banks thus have an opportunity to become pan-Asian or even global. But cross-border banking poses challenges of its own.
China: the economic consequences of Mr Li
China’s economic policy is now in the hands of a new team, led by Li Keqiang, the prime minister. Unlike most of China’s leaders, Mr Li trained as an economist not an engineer. He believes the economy should promote a “harmonious” society, much like the leadership he is replacing. But he has also invited some fresh thinking from outsiders (such as the World Bank) on how to achieve that goal.
The Corporate View: So what?
Everyone agrees that the financial system should serve the "real" (non-financial) economy, helping clients to expand their businesses and hedge their risks. But how well does the financial system live up to that ideal? In this session, managers from a variety of non-financial firms will offer their views of finance. What do they expect from their banks and the broader financial system? What would their ideal bank look like? And how well does the financial system now fulfill their needs?
This session will set aside conventional wisdom and cosy, consensus forecasts to ask some "what ifs". It will examine some low-probability, hypothetical scenarios, both good and bad. The question for the panellists is not "Will this scenario happen?" It is: "What would be the consequences if it did?" These are not outcomes anyone necessarily expects, but they are things for which people should nonetheless prepare. The kinds of scenarios that may be considered include:
Australia in the Asian Century
The world economy’s centre of gravity is moving closer to Australia. By 2025, Asia will account for almost half of global GDP, according to the Treasury’s projections. What role will Australia play in the Asian century ahead? To help answer that question, the government published a hefty white paper in October, urging Australian firms and citizens to become “Asia-literate”. In this session, panellists will provide their own views of Australia’s role, with a particular emphasis on its financial links with the rest of Asia.
Chairperson’s closing remarks
Andrew Leigh, Federal Member for Fraser, Parliament of Australia
Graham Hodges, Deputy Chief Executive Officer and Acting Chief Executive Officer, Australia, Australia and New Zealand Banking Group
Ged Kearney, President, Australian Councils of Trade Unions
Hugh White, Profesor of Strategic Studies,Strategic and Defence Studies Centre, Australian National University
Paul Kelly, Editor-at-Large, The Australian
Paul Howes, National Secretary, The Australian Workers’ Union
Anton Gunawan, Chief Economist, Bank Danamon
Stephen Kirchner, Research Fellow, Centre for Independent Studies
Winang Budoyo, Chief Economist, CIMB Niaga Bank
John Denton, Partner and Chief Executive Officer, Corrs Chambers Westgarth
Mark Thirlwell, Director, International Economy Program, Lowy Institute for International Policy
David Murray, Chair, International Forum of Sovereign Wealth Funds
Peter Hartcher, Political and International Editor, The Sydney Morning Herald
Kerry Brown, Professor, China Studies Centre, The University of Sydney
Sankar Narayan, Chief Financial Officer, Virgin Australia
Bill Evans, Chief Economist, Westpac Banking Corporation
Richard Woolcott, Former Department of Foreign Affairs and Trade secretary
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.
Contact us today to register:
|Registration Fee |
|Standard rate||USD 1,500|
|Advance purchase rate (before April 30th 2013) ||USD 1,350|
|The Economist subscriber rate||USD 1,200|
|Economist Corporate Network member rate||USD 1,125|
|Academic and government rate||USD 900|
|* 10% GST is included in the fee above|