For many of the Actuaries Institute's younger Members, the Institute's Practice Committees can seem mysterious and far removed. To help bridge this gap, the Young Actuaries Program (YAP) Victoria recently held a Virtual Insights session to introduce our younger audiences to them.
The topic of interest rates seems like a straightforward one, but can throw up serious questions for actuaries and have large impacts on financial services businesses. The 2021 All-Actuaries Summit Plenary session ‘The lowdown – living in a long-term, low-rate world’ explored these questions in a broad-ranging panel discussion, chaired by actuarial doyen John Trowbridge.
Actuaries Institute President Jefferson Gibbs was joined by Ross Simmonds, John Smeed and Shami Shearer to compare key aspects of the Australian financial system with what’s occurring across the ditch.
This panel discussion addressed the question 'Was the misconduct identified in the Banking Royal Commission enabled by directors who did not understand the complexity of the businesses they directed?'
