In an enlightening talk, Ed Bosworth distills his years of big banking experience to explain to the audience where their mortgages come from, why the GFC happened, how Australia’s banking system is different to much of the world and most importantly, how banks are going to prevent another GFC. And there are ninjas, The Rolling Stones and The Knack thrown in for good measure.
Ed Bosworth is the Head of Risk Reward at Westpac, a role that oversees policy and external reporting for the bank’s balance sheet structure. This includes responsibility for bank capital and liquidity, topics whose role in contributing to and mitigating the Global Financial Crisis has been much debated.
Ed has 15 years experience in Australian banking and has worked in several senior risk management roles. He co-authored the first published study of Australian bank losses from defaulted customers in 1998 and developed a model for measuring liquidity risk in 2002 that has since been proven wrong in almost every respect. He holds a postgraduate degree in Statistics and, despite being born and bred in Sydney, continues to believe that Canberra has the best quality of life to be found.
Ed’s not entirely about banking; he’s completed several OxFam Trailwalker events in Australia, New Zealand and Hong Kong.