The University of NSW will host a new $41 million Centre for International Finance and Regulation to link academics, regulators and government with the financial services industry.

Assistant Treasurer Bill Shorten and NSW Trade and Investment Minister Andrew Stoner say the centre’s focus will be to put Australia at the forefront of regional and global examination of financial sector developments. 

The centre will seek to enhance understanding of global financial markets, their interconnectedness and their influence on national economies. It will also examine how the financial system can foster economic growth balanced with reduced risk.

It will be operated by a consortium of several Australian universities, New York University, the University of California Los Angeles, Capital Markets CRC and the Securities Industry Research Centre of Asia-Pacific.