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

The changing international network of sovereign debt and financial institutions

31 Aug 2016

Mardi Dungey,

John Harvey,

Vladimir Volkov

Centre for International Finance and Regulation

We develop a theoretical and empirical framework to model the international connections between financial institutions and sovereign debt markets. The empirical framework nests both tests of contagion and changes in the structure of the network itself. The network is found to be robust but fragile.

Submission

How to assess the competitiveness and efficiency of the superannuation system - Submission

31 Aug 2016

Centre for International Finance and Regulation

Comments on Draft Report: “How to Assess the Competitiveness and Efficiency of the Superannuation System” The Centre for International Finance and Regulation (CIFR) welcomes the opportunity to provide further input to the Productivity Commission (PC) during Stage 1 of its investigation into the efficiency and competitiveness of the Australian superannuation industry. The comments in our...

Interview

CIFR interview - 'two strikes' rule

14 Aug 2016

Centre for International Finance and Regulation

In this interview, Professor David L. Yermack (NYU Stern School of Business) and Professor Ray da Silva Rosa (University of Western Australia) discuss the findings of their CIFR-funded research project.

Working paper

Is high frequencey trading beneficial to market quality?

10 Aug 2016

Richard Philip,

Amy Kwan,

Graham Partington

Centre for International Finance and Regulation

This report discusses how high frequency trading (HFT) has changed the dynamics of the market and whether traditional academic measures of market “quality” are relevant in the new world of electronic trading. Using existing measures of market quality, which were designed over 20 years ago, much of the academic literature suggests HFT is beneficial for...

Working paper

Information effects of the Basel bank capital and risk pillar 3 disclosures on equity analyst research – an exploratory examination

10 Aug 2016

Alexandra Niessen-Ruenzi,

Jerry T. Parwada,

Stefan Ruenzi

Centre for International Finance and Regulation

An important component of the framework of capital measurement and capital standards is the public disclosure of regulatory information. The standard sets minimum requirements for the public disclosure of information on banks’ risk profile, risk management, capital adequacy, capital instruments and remuneration practices so as to contribute to the transparency of financial markets and to...