Australia has emerged from the Global Financial Crisis with its standing as a financial centre in the region enhanced. Australia weathered the worst of the global financial crisis. Australia’s financial sector remains in robust good health, underpinned by a world best practice regulatory system. The World Economic Forum’s Financial Development Report 2009 has also ranked Australia second out of 55 of the world’s leading financial systems and capital markets.
Australia is home to the world’s fourth largest pool of contestable funds under management, which is also the largest in the region. The funds management sector has grown five-fold since 1995, at a compound annual growth rate of 12 per cent, and now has A$ 1.7 trillion in funds under management.