APRA announces 2014 Brian Gray Scholarship recipients

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The Australian Prudential Regulation Authority (APRA) today announced the three recipients of the 2014 Brian Gray Scholarship to study topics in the financial sector.

The Brian Gray Scholarship program was established by APRA and the Reserve Bank of Australia in September 2002 in memory of Brian Gray, APRA's former Executive General Manager, Policy Research and Consulting, who spent more than two decades shaping regulatory policy in the financial area in his roles at the RBA and APRA. The scholarships are valued at $15,000 each.

The recipients of the 2014 scholarship are:

• Alexandra Brown — Honours candidate, Combined degrees Bachelor of Commerce (Finance) and Bachelor of Business, Flinders University;
• Emmanuel Diinis — Honours candidate, Bachelor of Economics (Honours) in Commerce / Bachelor of Laws (Honours), University of Western Sydney; and
• Ruizhu (Yolanda) Li — Honours candidate, Bachelor of Commerce (Honours) Major: actuarial studies, University of New South Wales.

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 scholarship recipients will be researching the following topics:

• The reaction of the Australian stock market to monetary policy announcements from the RBA – Alexandra Brown;
• The False Hope Revisited: The Modern Awards System and the Default Contribution Superannuation Market – Emmanuel Diinis; and
• Perceived value of using superannuation for purchasing a family home – Ruizhu (Yolanda) Li.

The Scholarship program is open to Australian and New Zealand citizens and permanent residents who are currently studying a topic of relevance to prudential regulation. While the program focuses on honours year students, postgraduate students can also apply.

More information on the Brian Gray Scholarship is available on the APRA website.