Corrs CEO and partner John W. H. Denton joined business and policy leaders in Sydney today to shed light on a financial system for the future at The Economist’s Bellwether Series: Australia.
Mr Denton was a guest panel speaker at the event, which gathered together strategic finance decision makers and leading global thinkers to examine the role and continued evolution of the Asia-Pacific economy.
The high profile session was opened by Kaushik Basu, Chief Economist of the World Bank, with a closing conversation with former Deputy Prime Minister and Treasurer, Wayne Swan.
Expert panel group discussions were chaired by senior journalists of The Economist. Alongside National Secretary of The Australian Workers’ Union, Paul Howes, and partner of McKinsey & Company, Gary Pinshaw, Mr Denton considered how financial systems can best serve the ‘real’ (non-financial) economy to help clients expand businesses and hedge risks.
“The Asian century is an Australian opportunity. As the global centre of gravity shifts to our region, the tyranny of distance is being replaced by the prospects of proximity. Australia is located in the right place at the right time. Now we must consider ways to bring our economies and cultures more closely. For example, regulation that facilitates investment from Asia into other parts of the region, including Australia. As well as growing the economy, a strong financial system should help businesses diversify and promote new industries and opportunity,” John Denton said.
The Australian event was one of four in the series, which is also held in Japan, South Korea and China.
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