Hockey announces financial inquiry panel December 20, 2013 - 8:08AM The outgoing chief of AMP and former boss of CSL have been appointed by the federal government to a panel inquiring into Australia's financial system. Treasurer Joe Hockey announced on Friday the four-member panel to assist inquiry chair David Murray, who are charged with reporting back to government on how to make the country's financial system more competitive and flexible. AMP chief executive and managing director Craig Dunn and former CSL chief Brian McNamee head the list of appointees, which also include Melbourne University Professor of Finance Kevin Davis, and Carolyn Hewson, who sits on the board of BHP Billiton, Stockland and BT Investment Management. The promised international advisory panel would be announced "early in the new year," Mr Hockey said. The treasurer also released the final terms of reference for the inquiry, saying there were only minor changes to the draft terms published in November. "The next step for the inquiry will be to receive submissions in line with the terms of reference," Mr Hockey said. Submissions will open in early January and close at the end of March. The Financial System Inquiry will provide an interim report by mid-2014, and a final report in November.