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

Fool’s mate: what does CHESS tell us about individual investor trading performance?

24 Aug 2015

Reza Bradrania,

Andrew Grant,

P. Joakim Westerholm,

Wei Wu

Centre for International Finance and Regulation

Abstract: We investigate the short-term relation between individual investor trading and stock returns on the Australian Securities Exchange. Stocks heavily bought by individual investors underperform stocks heavily sold over the subsequent three days, with respective returns on to a long-short portfolio of -93, -67 and -12 basis points on days one, two, and three. Individuals...

Working paper

A financial CGE model of the Australian economy

31 Jul 2015

Peter B. Dixon,

James Giesecke,

Maureen T. Rimmer

Centre for International Finance and Regulation

We develop the financial CGE model by building on a multi-sectoral dynamic model of the real side of the Australian economy. In particular, we introduce explicit treatment of: (i) financial intermediaries and the agents with which they transact; (ii) financial instruments describing assets and liabilities; (iii) the financial flows related to these instruments; (iv) rates...

Working paper

Regulatory analytics and data architecture (RADAR)

31 Jul 2015

Kingsley Jones

Centre for International Finance and Regulation

Rapid developments in cloud computing and data science have significantly reduced the cost and expanded the scope of possible analytics in the practise of financial regulation. However, the existing Organizational Architecture of regulatory interaction is still rooted in old models of data that sit in siloes and is not actively integrated or shared.

Report

Legal considerations for superannuation investors when investing in complex financial products

31 Jul 2015

Paul Ali,

Jesse Jager,

Ian Ramsay

Centre for International Finance and Regulation

Institutional investment in Australia is both highly innovative and complex. The regulatory focus – and associated literature – on institutional investment has been on the sell-side. Considerably less attention has been paid to the buy-side, that is to the institutional investors themselves. This research report outlines the structure of Australian superannuation funds and discusses the...

Working paper

Twin Peaks: A Theoretical Analysis

31 Jul 2015

Andy Schmulow

Centre for International Finance and Regulation

This paper provides a theoretical analysis of the twin peaks method of financial system regulation, with particular reference to the Australian iteration of the model. This includes a description of how twin peaks functions, its historical development, and its strengths and weaknesses. An analysis is also provided of an important bifurcation in the Australian model...