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

MySuper vs. KiwiSaver: Retirement Saving for the Less Engaged

30 Sep 2014

Geoffrey J. Warren

Centre for International Finance and Regulation

Australia’s MySuper default superannuation funds are compared against New Zealand’s range of KiwSaver funds. Some key points of contrast include: the relative maturity and larger balances of the Australian system; the majorityof MySuper providers are not for profit, whereas KiwiSaver is dominated by for profit providers; MySuper funds use a much broader range of assets...

Working paper

Emergence of systemically important insurers

30 Sep 2014

Mardi Dungey,

Matteo Luciani,

David Veredas

Centre for International Finance and Regulation

The increasingly intertwined banking and insurance sectors have lead to calls for stronger regulatory oversight of the insurance industry as potentially systemically risky. Ultimately systemic risk impacts the real economy, and this paper measures the risk via interconnectedness of the banking, insurance and real economy firms in the US for 500 firms from 2003-2011. Systemic...

Report

Superannuation knowledge, behaviour and attitudes in young adults in Australia

23 Sep 2014

Paul Ali,

Malcolm Edward Anderson,

Martin Clark,

Ian Ramsay,

Chander Shekhar

Centre for International Finance and Regulation

This report presents the results of a study examining superannuation knowledge, behaviour and attitudes in 994 young adult superannuation fund members (25-34 years old) in Australia. Respondents completed a 75 question online survey instrument which included questions on demographics and superannuation knowledge, behaviour and attitudes. It is the first large-scale study to focus exclusively on...

Working paper

The Safe Asset Frontier

31 Aug 2014

Kartik Anand,

Prasanna Gai

Centre for International Finance and Regulation

We identify the frontier between safe and unsafe assets and show how the growth rate of the economy and its fiscal capacity interact with differences of opinion amongst investors to determine the safe asset equilibrium. Multiple equilibria emerge in our set-up due to strategic complementarities across counterparties, and the safety of the bond depends on...

Working paper

Regulation and reforms to enhance financial stability in the post-GFC era

31 Aug 2014

Centre for International Finance and Regulation

This paper discusses key regulatory issues and developments emerging from the GFC in relation to three distinct areas - financial market regulation; taxation; and banking and finance. The paper analyses the adequacy and efficacy of Australia's legal infrastructure in these three areas from a comparative perspective.