Rudd recommits to financial services
Kevin Rudd
The Prime Minister, Kevin Rudd, has recommitted the Federal Government to ensuring the international competitiveness of the Australian financial services sector, including the establishment of a dedicated team within the Federal Treasury.
In an address to a Financial Services Hub Summit in Sydney, Rudd restated that the Government recognised the enormous export potential of the financial services industry and said it was committed to developing policies to establish Australia as a regional financial services hub.
“The Government is convinced of the very substantial future potential for Australia’s financial services sector, both domestically and in regional and global markets,” he said.
Rudd said that the successful expansion into global markets would require a partnership between the Government and the financial services sector
Referring to the establishment of a dedicated team within Treasury, Rudd said that it would be tasked with taking charge of the financial services agenda for the Government and would represent a single point of contact for the sector.
AUTHOR
Mike Taylor
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