The Role of Super Funds in Financial Stability
During the global financial crisis it became clear that some financial entities are ‘too big to fail’ as the ramifications of their demise simply were too great to be absorbed by the system.
As superannuation funds have grown larger over the years, their combined assets under management is more than Australia’s annual GDP and larger than the market capitalisation of the stock market by a significant margin.
What role do super funds have to play in the stability of the financial system and are we heading to a stage where some of these funds will simply become too big to fail?
In this final event for 2019, we are pleased to feature the Reserve Bank of Australia.
About the Speaker
Jonathan Kearns is Head of Financial Stability at the Reserve Bank of Australia.
Prior to this he was Head of Economic Research Department at the Reserve Bank of Australia. Previous roles include Deputy Head of Domestic Markets Department and Deputy Head of Economic Analysis Department, as well as various positions in the Economic Group. He has published research in a range of fields, with a particular focus on international finance and international macroeconomics.
Jonathan holds a PhD in Economics from the Massachusetts Institute of Technology and a Bachelor of Economics (Hons) from the Australian National University.
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