Federal Reserve Bank of Chicago

"The economic progress of our nation is linked inextricably to the financial well being of individuals. Clearly providing more and better financial education to the broadest segment of our population has never been more important than it is today."

Charles L. Evans
President and CEO
Federal Reserve Bank
of Chicago

Practical Money Skills for Life

"As we strive to improve the financial literacy of women in the United States as well as internationally, itís important that subject matter experts come together to share ideas and learn from one another. That is when solutions are discovered."

Jason Alderman
Senior Director of Global Financial Education
Visa Inc.

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2013 Summit Biography
Bernie Ripoll, MP
Parliamentary Secretary to the Treasurer
Australia
Speaker

Bernie Ripoll was first elected to the House of Representatives in 1998 and was re-elected for a fifth term at the 2010 Federal Election.

Bernie commenced his role as Parliamentary Secretary to the Treasurer on 5 March 2012 and assists the Treasurer in the development and implementation of policies in relation to corporate governance and financial literacy. Bernie is also responsible for the Australian Securities and Investment Commission, the Legislative and Governance Forum for Corporations, the Housing Loans Insurance Corporation, the Australian Bureau of Statistics and the Royal Australian Mint.

During his time as Parliamentary Secretary to the Treasurer, Bernie has represented the Treasurer at international meetings of the Asian Development Bank, at the Pacific Islands Forum Economic Ministers' Meeting, and participated in a high level business delegation to China. Bernie has also overseen the passage of legislation relating to Australia's audit quality framework, and improving accountability on director and executive remuneration.

Bernie is an advocate of the benefits of financial literacy and has been working with ASIC's MoneySmart initiative to give individuals and community groups across the country the skills to improve their personal finances and protect themselves against financial scams. Bernie also recently launched a new MoneySmart teaching package to help young Australians become more confident, informed and responsible financial consumers.

Before beginning his role as Parliamentary Secretary, Bernie served on a number of parliamentary committees including as Chair of the Parliamentary Joint Committee on Corporations and Financial Services. In this role, Bernie chaired a number of inquiries and tabled a number of reports, including on the franchise sector, the financial services industry (known as the Ripoll Report), the Future of Financial Advice legislation, and the collapse of Trio Capital. In particular, the Ripoll Report laid the foundations for the Government's Future of Financial Advice reform.

Bernie is actively involved in local charity work and is the founder of the Western Corridor Community Fund, aimed at helping young people in need. He is also patron, founder and organiser of the Brisbane 2 Ipswich Challenge annual charity bike ride. In its 11th year, the 2012 Brisbane 2 Ipswich challenge raised a record $75,000 in funding which was distributed to the Heart Foundation, the Ipswich Hospital Foundation, 24/7 Cycle Safety Fund and the Western Corridor Community Fund.

Bernie is a passionate ambassador for cycling and its benefits to the community and has been formally recognised by the Cycling Promotion Fund for his advocacy of cycling infrastructure and active transport alternatives.

Bernie grew up in the electorate of Oxley, and now lives in Greater Springfield with his wife Margy and their three teenage children.

Before entering Parliament, Bernie worked as an electrician, completed a Bachelor's degree in business through the Queensland University of Technology, and served in the Air Force. He also worked as an organiser for the Queensland State Service Union, and opened a small business focussed on marketing and public relations.

 
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