•  
  • University of New South Wales
  • Macquarie University
  • The University of Sydney
  • University of Technology Sydney
  • Australian National University
  • The University of Melbourne
  • Capital Markets
  • Sirca
  • Commonwealth Bank
  • KPMG
  • King & Wood Mallesons
  • Macquarie
  • Australian Government - Treasury
  • New South Wales Goverment
 
 
 
 

 

On 8 December 2015, CIFR was proud to launch an innovative research report on ‘Sydney as a Financial Centre’.  The report is part of a CIFR-funded research project, led by Dr Eric Knight of The University of Sydney and Professor Dariusz Wójcik of University of Oxford, which examines the international competitiveness of Australia’s financial services sector.  The launch was hosted by KPMG’s Sydney office and opened by KPMG’s NSW Chairman, Mr Martin Blake.

L to R: Dr Eric Knight, The University of Sydney, Ms Lucy Hughes Turnbull AO, The Committee for Sydney, Professor David R Gallagher, CIFR and Professor Dariusz Wojcik, Oxford University.

 

Dr Knight and Professor Wójcik provided an overview of their research methodology before focussing on their key findings and the drivers behind these results.  It was noted that existing academic literature addresses the questions: ‘what leads to financial success at a country level?’ and ‘what leads to financial success at a company level?’  However, there is no academic literature addressing the question: ‘what leads to financial success at a city level?’  By analysing a comprehensive database of investment banking fees from cross-border deals worldwide over a 15 year period, Dr Knight and Professor Wójcik have been able to make some interesting observations in relation to this question.  Finally, Dr Knight and Professor Wójcik made some important recommendations in relation to how Sydney might enhance its standing as an international financial centre.

 

 Dr Williams then moderated an interesting Q&A discussion before Ms Lucy Hughes Turnbull AO, Chair of The Committee for Sydney, Chief Commissioner for the Greater Sydney Commission and former Lord Mayor of Sydney, provided an insightful closing address.  Ms Turnbull acknowledged the importance of the research work undertaken by Dr Knight and Professor Wójcik and particularly noted the significance of their finding that Parramatta plays a major role in Sydney’s standing as an international financial centre. 

 

 

 

SEMINAR MATERIALS

 

Presentation Slides Executive Summary Academic Paper

 

 

 

 

 

 

MEDIA COVERAGE

 

 

Labour flow would lift Sydney fin services

Financial Observer, December 08, 2015

 

Sydney hitting the finance big leagues

Australian Banking + Finance, Decmeber 08, 2015

 

Sydney in the top ten international financial centres

Banking Day, December 08, 2015

 

Sydney hitting the finance big leagues

FINSIA, December 08, 2015

 

 

 

 

 
 
 
 
 

 

The Centre for International Finance and Regulation (CIFR) represents a strategic link between academia, financial regulators, policy makers and industry, promoting financial sector vibrancy, resiliency and integrity, through leading research and education.

CIFR receives funding and support from the Commonwealth and NSW Governments, and its industry, university and research centre partners.

 

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