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Brian Gray Scholarship Program

The Australian Prudential Regulation Authority (APRA) and the Reserve Bank of Australia have established the Brian Gray Scholarship program in memory of Brian Gray, who died on 24 August 2001 while serving as Executive General Manager of APRA’s Policy, Research and Consulting Division.

The Brian Gray Scholarship program will fund up to four scholarships annually, to the value of $15,000 each.
The scholarship purpose is to support students who intend to focus full time on their studies and research.
Under this Scholarship program, the recipients will devote a substantial amount of time to an agreed research topic and present their findings to APRA upon completion of their research.
The application process
Applications are to be submitted via an on-line application process. This will require you to complete an application form including academic details, work experience, extra-curricular activities, an outline of your proposed research and its relevance to APRA, and two written references. The written references will need to be attached to the application form and so you may need to scan hard copies for this process.
Who can apply?
The Brian Gray Scholarship is open to any Australian/New Zealand citizen or permanent resident, studying a topic of relevance to APRA. The focus will be on honours year students, although postgraduate students can apply.
Application closing date:
Application closing date for the 2018 scholarship intake: 24 May 2018
The recipients of the 2017 scholarships were:
•  Igor Balnozan – Honours candidate, Bachelor of Actuarial Studies, University of New South Wales;
•  Christina Bui – PhD candidate, Doctor of Philosophy, University of Technology, Sydney;
•  Kiefer de Silva – Honours candidate, Bachelor of Commerce & Bachelor of Laws, Monash University; and
•  Matthew Morris – Honours candidate, Bachelor of Business, University of Technology, Sydney.
The scholarship recipients have researched the following topics:
•  Modelling heterogeneous drawdown behaviours in phased withdrawal retirement income products - Igor Balnozan;
•  The effects of revenue diversification on financial stability - Christina Bui;
•  On the composition of capital buffers and bank size - Kiefer de Silva; and
•  Consumer choice of default options under accountability - Matthew Morris.
If you would like a copy of the published reports by past recipients of the scholarship program please click here.