Australian Trade Commission partners with BSE Training Institute to offer exposure on Australian Financial Markets

Printer-friendly versionPDF version

Leading Players from the Indian Financial & Capital Markets to visit Australia to study Australian Financial Markets as part of the International Programme on Financial Markets

The Australian Trade Commission, The Australian Government’s Trade and Investment Development Agency and the BSE Training Institute - The Training Division of Bombay Stock Exchange Ltd signed a Memorandum of Understanding for an International Programme on Financial Markets to offer exposure on Australian financial markets for leading players from the Indian financial and capital markets.

The Memorandum of Understanding was signed by Mr David Twine, Regional Director – South East Asia, South Asia and Pacific, Australian Trade Commission and Mr Madhu Kannan, Managing Director & Chief Executive Officer, Bombay Stock Exchange Ltd on Wednesday, August 25, 2010 in Mumbai.

Sophisticated Financial Market

Australia has emerged from the Global Financial Crisis (GFC) with its standing enhanced as the global financial centre in Asia Pacific. The IMF forecasts an economic growth of 3% in 2010 and 3.5% in 2011 for Australia. The 2010 IMD World Competitiveness Yearbook has rated Australia’s economy as the second most resilient in the world.

The World Economic Forum’s Financial Development Report 2009 has ranked Australia 2nd out of 55 of the world’s leading financial systems and capital markets. Australia’s financial sector is in robust health underpinned by the world’s best practice regulatory system. Australia is home to the world’s 4th largest pool of funds under management and the largest in Asia Pacific. Australia’s funds management sector has A$1.7 trillion in funds under management

The Australian Government has continued to take important steps to support the internationalisation of the financial sector and to refine policy and the tax system to enhance Australia’s attractiveness as a major financial centre.

Study Visit

The participants at the International Programme on Financial Markets will visit Australia in January 2011 and meet with stock exchanges, regulatory agencies, securities exchanges commission, financial services authorities, banks and financial institutions in Sydney and Melbourne alongside institutional visits, networking sessions and interactive presentations with the objective of experiencing first hand a holistic perspective of the functioning of the Australian financial markets.

Specific areas of focus at the International Programme on Financial Markets will include stock markets, banking sector, derivatives, reporting on financial markets, specialised financing mechanisms and market regulatory structure.

Leading banks, financial institutions, investment banks, mutual funds, broking houses, financial services firms, capital markets intermediaries, analysts, etc from India are expected to participate at the International Programme on Financial Markets.

Speaking about the International Programme on Financial Markets, Mr Peter Linford, Senior Trade & Investment Commissioner – South Asia, Australian Trade Commission said, “Australia is home to one of the most dynamic & sophisticated financial markets in the world. Australia’s financial services expertise ranges from funds management, investment banking, hedge funds, retail banking, insurance, private equity to private banking. The vibrant Indian financial market requires professionals with enhanced and broad range of proficiency and skill sets. The International Programme focused on the Australian Financial Markets is designed to equip & offer financial sector professionals a practical exposure to the functioning of sophisticated and diversified financial markets”.

According to Mr Ambarish Datta, Head, BSE Training Institute, “The rapid deregulation of the financial markets has a significant impact on financial services, institutional framework and the nature & scope of financial instruments. Though India has a comprehensive framework of financial institutions and instruments, but there exists a significant opportunity to expand the competitiveness of the Indian financial markets in the background of the rapid deregulation and the opportunities presented by the deregulation. As part of our initiative in promoting excellence in professional education in financial and capital markets, The BSE Training Institute is privileged to partner with The Australian Trade Commission to offer The International Programme on Financial Markets”.

For participation at The International Programme on Financial Markets, Please contact BSE Training Institute at www.bseindia.com or E-Mail to training@bseindia.com. For accessing Australian financial market expertise, and partnership opportunities with Australian organisations in the financial sector, please email to utsavaustralia@austrade.gov.au