Dr Carmichael’s career experience includes 20 years in senior positions with the Reserve Bank of Australia, seven years as Professor of Finance at Bond University and appointment to a number of Government inquiries and Government and private sector Boards. In 1996/97 he served as a member of the Wallis Inquiry which recommended sweeping changes to Australia’s regulatory structure. He is currently Chairman of the Australian Prudential Regulation Authority. He is a private consultant to the World Bank, the Asian Development Bank and a number of countries in the area of regulatory structures and policy.

Dr Carmichael has a Ph.D from Princeton University and has published in a number of the world’s leading journals, including the American Economic Review and the Journal of Finance. In 1995 he was awarded an Officer in the Order of Australia for service to education, finance and the community.