Australia’s international connections cause risk management and regulatory headache
Australia’s connections with the broader global economy are stronger than at any point in its history and these ties have helped the country to enjoy strong growth and economic prosperity. But this higher level of interconnectedness raises economic risk and regulatory challenges, subjects that lay at the heart of many of the debates taking place at Risk & Return Australia 2011
The economic backdrop for Risk & Return Australia 2011, which took place at the Hilton hotel in Sydney on August 9, was dramatic. The event followed immediately after the downgrade of US sovereign debt to AA+ by rating agency Standard & Poor's on August 5 and took place as fears were resurfacing that the eurozone debt crisis might ensnare Europe's larger economies.
These concerns caused severe
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