Ross P. Buckley is a Laureate Fellow and a Scientia Professor at the University of New South Wales (UNSW Sydney). [1]
He was appointed to the Payments System Board of the Reserve Bank of Australia for a five‑year term in July 2023. [2] The Payments System Board directs payments system policy for the Reserve Bank of Australia.
As an Australian Research Council Laureate Fellow, he leads a $2.6 million five-year research project into the regulation of the data revolution. [3] He is a lead investigator on an ARC Discovery Project on China’s Belt and Road Initiative and on major research projects in Hong Kong and Qatar on the regulation of FinTech. [4] [5] [6]
Buckley was born in Brisbane. He has degrees in Economics and Law (with honours) from the University of Queensland. He completed a PhD at UNSW, and, more recently, an LLD at the University of Melbourne. [7]
Buckley began his career in Brisbane with the predecessor firm to Allens Linklaters. He was with Deacons in Hong Kong for a year, before moving to New York City as an associate at Davis Polk for three years. He is admitted to practise law in Queensland and the Southern District of New York. [8]
Ross joined the law faculty at Bond University, where he led the Tim Fischer Centre for Global Trade and Finance for seven years. [9]
Buckley joined the law faculty at UNSW in 2007. He was appointed a Scientia Professor and to the King & Wood Mallesons Chair in International Finance Law in 2013. In 2018, KPMG joined an expanded sponsorship of this position, which was renamed the KPMG Law – King & Wood Mallesons Professorship of Disruptive Innovation. [10] He held this Chair for a decade, ending in 2023.
Buckley began serving his five-year term on the Payments System Board of the Reserve Bank of Australia in July 2023. [11] He has chaired the Digital Finance Advisory Panel of the Australian Securities and Investments Commission since 2017.[ citation needed ]
Buckley's research has attracted around A$10 million in grant funding. [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] His earlier work was mostly on the regulation of the global financial system. This culminated in a book with Douglas Arner, From Crisis to Crisis: The Global Financial System and Regulatory Failure, published by Kluwer. [22]
In 2013, he started researching the regulation of mobile money in developing countries, in response in part to a request from Timor Leste for assistance on these issues. [23]
In 2015, he wrote an article with Douglas Arner and Janos Barberis that has been cited over 1,000 times on the Evolution of Fintech. [24]
Buckley has written five books, edited five books, and written over 160 book chapters and articles in leading journals in all major jurisdictions. Of late, much of his research has been with Douglas Arner of the University of Hong Kong and Dirk Zetzsche of the University of Luxembourg.[ citation needed ]
Buckley has twice been a Fulbright Scholar, at Yale and Duke. [25]
Buckley has served as a consultant to the Asian Development Bank and the Alliance for Financial Inclusion. [26] [27]
He has consulted to government departments in 12 nations, including, in the US, to the US Department of Justice and the Securities and Exchange Commission. [28]
The Monetary Authority of Singapore or (MAS), is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance and manages the foreign-exchange reserves. It was established in 1971 to act as the banker to and as a financial agent of the Government of Singapore. The body is duly accountable to the Parliament of Singapore through the Minister-in-charge, who is also the Incumbent Chairman of the central bank.
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King & Wood Mallesons (KWM) is an international commercial law firm based in Asia-Pacific. It is the largest international law firm in Asia-Pacific. It has 26 offices and more than 3,000 legal professionals across Australia, China, Hong Kong, Japan, Singapore and the United States.
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Regulatory technology, Abrv: RegTech, is the use of information technology to enhance regulatory and compliance processes. RegTech is most usefully applied to heavily regulated industries and activities such as financial services, gaming, healthcare, pharmaceutical, energy and aviation. RegTech puts a particular emphasis on regulatory monitoring, reporting and compliance and aims to enhance transparency as well as consistency and to standardize regulatory processes, to remove ambiguity from regulations and provide higher quality outcomes at a lower cost.
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Fintech in Australia is the evolving intersection of financial services and advanced technology in the Australian market. It involves innovations in banking, investment, insurance, and personal finance, facilitated by technologies such as blockchain and artificial intelligence.
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