More Information

Rachel McCarthy (Event Manager) T: 8344 0275 M: 0403 834 222
Ingrid Sanders (Media Unit): T: +613 8344 3845 M: 0408112728

An international conference Ethics in Financial Transactions and Society – The Way Forward will be held at the University of Melbourne’s Sidney Myer Asia Centre this weekend.

An international conference Ethics in Financial Transactions and Society – The Way Forward will be held at the University of Melbourne’s Sidney Myer Asia Centre this weekend.

Vice-Chancellor Professor Glyn Davis will provide the opening address, with the conference to be launched by the Minister for Small Business and Minister assisting on Deregulation and Public Sector Superannuation Nick Sherry.

The conference is expected to attract more than 100 delegates with speakers from Australia, Malaysia, Indonesia, Pakistan, Oman, UK and the USA.

Ethics in finance has become a critical issue after the devastating effects on the world's financial infrastructure in the aftermath of the Global Financial Crisis.

Professor Thomas Reuter of the University of Melbourne said “we have a rampant problem in front of us and we need further enquiry into ethics of banking before we can begin to seriously get a handle on the current situation”.

Co-chair of the conference Professor Mohammed Ariff said the symposium was a joint effort between industry and academia to explore the issues and opportunities related to ethics in financial transactions and society.

‘Many efforts are being made to reform the international financial system, but not much has been done to raise questions from the point of view of human ethics, and how future financial transactions should be undertaken in an ethical manner,” he said. “This is the key issue for discussion at the conference.”

Two eminent scholars and industry leaders - President of International Institute of Public Ethics, Professor Charles Sampford and Managing Director (Lifecycle Strategies) of institutional investment manager QIC Limited, Professor Michael Drew, will present keynote addresses.

The conference coincides with the launch of new Islamic banking products including the No Interest Loans Scheme (NILS), and Qard Hasan (Sharia lending and borrowing).  These initiatives have been developed by Good Shepherd, ICV and the National Australia Bank, in consultation with the Australian Muslim community.

Ethics in Financial Transactions and Society – The Way Forward is co-hosted by the National Centre of Excellence for Islamic Studies, La Trobe, Bond and Monash universities, and partnered by the Centre for Applied Philosophy and Public Ethics, the Institute for Ethics, Governance and Law, and the Islamic Council of Victoria.

Complimentary passes are available for media however prior registration by 15 September is essential. More on the conference at http://www.nceis.unime...