Organisation

Centre for International Finance and Regulation

Owning Institution:

University of New South Wales

Macquarie University

University of Technology Sydney

Government of Australia

Government of New South Wales

University of Sydney

University of Melbourne

Australian National University

The Centre for International Finance and Regulation (CIFR) was a Centre of Excellence operating from 2011 to 2016 to address fundamental issues affecting the Australian financial industry. CIFR’s mission was to promote financial sector vibrancy, resilience and integrity, supporting Australia as a regional financial centre through leading research and education on systemic risk, market and regulatory performance and financial market developments. CIFR funded 71 research projects, involving well over 100 researchers from domestic and international universities.

For Australia’s financial industry, CIFR provided a strategic link between academia, policy-makers, regulators and other industry participants. Now closed, the Centre's output of 148 papers are all available at this publisher page.

Working paper

Protecting the west, excluding the rest: The Impact of the AML/CTF Regime on Financial Inclusion in the Pacific, and Potential Responses

31 Jan 2016

Ross P Buckley,

Rebecca L Stanley

Centre for International Finance and Regulation

Financial inclusion is an important international policy goal. Remittances promote financial inclusion by contributing almost half a trillion dollars to the economies of developing countries each year and by giving people a strong reason to engage with formal financial services. In the Pacific, remittances represent a significant proportion of many countries’ GDPs. The G20 has...

Working paper

Role of loan portfolio losses and bank capital for Asian financial system resilience

31 Jan 2016

Daniel Rosch,

Harald Scheule

Centre for International Finance and Regulation

This paper analyses the systemic risk in relation to bank lending for Asian economies. The methodology complements existing market-based systemic risk measures by providing measures based on accounting information that regulators typically collect. Loan loss provisions of banks are decomposed into (i) a prediction component that is based on observable bank characteristics, and (ii) two...

Working paper

Approaches to financial system regulation: an international comparative survey

31 Jan 2016

Andrew Schmulow

Centre for International Finance and Regulation

In the aftermath of the 2008 global financial crisis (GFC), and the catastrophic scale of regulatory failure, much attention has been paid to the various systems of financial system regulation currently in force. Of the total of four financial regulatory systems currently in use, ‘Twin Peaks’ has garnered the most interest, and gained widespread recognition...

Working paper

Success and failure in stock exchange consolidations: implications for markets and their regulation

12 Jan 2016

Cally Jordan

Centre for International Finance and Regulation

The catalyst for the preparation of this working paper was the epochal merger in 2007 of the New York Stock Exchange with Paris-based Euronext, itself a consolidation of several European exchanges. Exchange mergers were not a new phenomenon; domestic and regional exchanges had been consolidating for decades. However, NYSE Euronext was the big deal, creating...

Working paper

Competition in Australian retail banking: how much is enough and options to facilitate more

30 Nov 2015

Deborah Healey,

Rob Nicholls,

Charlotte Penel

Centre for International Finance and Regulation

In a retail banking sector characterised by both high concentration and low consumer switching, questions arise for Australian policy makers and regulators as to the effectiveness of competition as one important means by which economic outcomes are engendered, including innovation beneficial to consumers and consumer welfare generally. Such questions include the appropriate response to ‘digital...