RBA Annual Conference – 1991 The Deregulation of Financial Intermediaries 20–21 June 1991

A range of prominent international and Australian academic and policy economists participated in the 1991 conference. Three papers for the conference were written by Bank economists; two from Economic Group, and one from Financial Institutions Group. Three respected international economists also participated in the conference, with Al Wojnilower from First Boston Asset Management Corporation, Joseph Bisignano from the Bank of International Settlements and Ed Kane from The Ohio State University all making contributions. Australian economists in the academic and private sectors were responsible for the four remaining papers.

Contents

• Introduction
  Ian Macfarlane, Reserve Bank of Australia
• The Evolution of Financial Deregulation
  Stephen Grenville, Reserve Bank of Australia
• What the Campbell Committee Expected
  Tom Valentine, University of Technology, Sydney
• General Discussion
• Bank Deregulation in Australia: Choice and Diversity, Gainers and Losers
  Ian Harper, The University of Melbourne
• Competition: Profitability and Margins
  Les Phelps, Baring Securities (Australia) Limited
• General Discussion
• Prudential Supervision
  Graeme Thompson, Reserve Bank of Australia
• Banking Deregulation – a Virtue or a Necessity?
  Rob Ferguson, Bankers Trust Australia Limited
• General Discussion
• The Lessons for Monetary Policy
  Ian Macfarlane, Reserve Bank of Australia
• General Discussion
• Some Principles of Financial Deregulation: Lessons from the United States
  Al Wojnilower, First Boston Asset Management Corporation
• Regulatory Competition and the "Generic" Financial-Services Firm
  Ed Kane, The Ohio State University
• European Financial Deregulation: The Pressures for Change and the Costs of Achievement
  Joseph Bisignano, Bank for International Settlements
• General Discussion