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.

Submission

Financial System Inquiry - Submission I

30 May 2014

Centre for International Finance and Regulation

CIFR has undertaken some text analysis to gain a better understanding of the submissions received by the FSI. A total of 298 FSI submissions have been received, from 233 unique contributors.Professional industry associations (25%) represent the major single source of submissions. The number of submissions and their sources are broadly similar to the experience of...

Working paper

RMB trade invoicing: benefits, impediments and tipping points

30 May 2014

Kathleen Walsh

Centre for International Finance and Regulation

China has approached the internationalisation of the Renminbi (RMB) by taking cautious but deliberate steps towards a more liberalised economy. The intent to internationalise the currency is clearly expressed in China’s five year plan and further endorsed by the 18th Plenum in 2013. However the pathways, sequencing and timing of internationalisation are the subject of...

Working paper

Understanding a Small Open Economy Business Conditions Index

30 Apr 2014

Jeffrey Sheen,

Stefan Trueck,

Ben Z. Wang

Centre for International Finance and Regulation

We estimate an unobservable domestic business conditions index for Australia using a variety of observable macroeconomic and nancial variables, relating it to an unobservable external index involving external variables relevant to Australia. Our small open economy, dynamic factor model uses stock and ow variables arriving at mixed frequencies. We nd important links between the domestic...

Working paper

MySuper: a new landscape for default superannuation funds

30 Apr 2014

Warren Chant,

Mano Mohankumar ,

Geoffrey J. Warren

Centre for International Finance and Regulation

This report examines the Australian superannuation default fund landscape following the introduction of MySuper. The two main products are outlined – single strategy ‘balanced’ and lifecycle – including their underlying asset allocation and glide path strategies.

Working paper

Banks non-interest income and global financial stability

30 Apr 2014

Centre for International Finance and Regulation

Depositary institutions over the last 15 years have increased the share of non-traditional revenue in total income.While the change in business models is a global phenomenon, it is more pronounced in countries such as the U.S., France and the U.K. In this study, we examine whether market structure can help explain the cross-country variation in...