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Centre for financial research under way in Sydney

The federal government launched the Financial Markets Research Centre at the Australian Stock Exchange in Sydney on 11 December.

The aim is for the FMRC to help position Australia as a financial hub in the ‘Asian century’.

An advisory panel from prominent figures in industry will direct the centre to research areas of relevance to the finance industry, the government said.

Research will be focused on assessing the impact of technology, regulation and new products on the quality of Australian financial markets and on making Australia a financial centre in the Asia-Pacific region.