The Australian Prudential Regulation Authority announced the four recipients of the 2025 Brian Gray Scholarship, a jointly funded APRA and Reserve Bank of Australia program supporting student research on topics relevant to the two agencies. Each recipient will devote substantial time to an agreed research topic and present their findings to APRA and the RBA on completion. The 2025 scholarship recipients are Allegra De Jager (University of Sydney), Arlene Janse van Rensburg (Curtin University), Christopher Finnegan (University of Sydney), and Ajay Murugasu (University of Sydney), with research spanning private capital and monetary policy, market risk capital requirements using copula models, drivers of Australia’s natural rate of interest, and optimal monetary policy with downward nominal wage rigidity. The program supports up to four scholarships each year, valued at AUD 15,000 each, and is open to Australian and New Zealand citizens completing honours or postgraduate study in finance, economics, actuarial science, econometrics, statistics, or related disciplines. Applications for the 2026 scholarship will open in December 2025.
Australian Prudential Regulation Authority 2025-06-13
Australian Prudential Regulation Authority names four recipients of the 2025 Brian Gray Scholarship
The Australian Prudential Regulation Authority announced the 2025 Brian Gray Scholarship recipients, co-funded with the Reserve Bank of Australia, supporting student research on relevant topics. Scholars Allegra De Jager, Arlene Janse van Rensburg, Christopher Finnegan, and Ajay Murugasu will explore private capital, market risk capital requirements, Australia's natural rate of interest, and optimal monetary policy. Each AUD 15,000 scholarship is for Australian and New Zealand citizens pursuing honours or postgraduate studies.