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

China: investing in the world

30 Nov 2013

Megan Bowman,

George Gilligan,

Justin O'Brien

Centre for International Finance and Regulation

It is clear that China has emerged as a key investment actor in the current global milieu. What is not so clear is why this is so. This paper adds an historical perspective to the state capital story by examining China’s trade and investment patterns through a longitudinal lens. The paper outlines the emergence of...

Working paper

Down the retirement risk zone with gun and camera

15 Oct 2013

Geoffrey Kingston,

Lance Fisher

Centre for International Finance and Regulation

The retirement risk zone represents a fragile period in the financial life cycle of people in defined-contributions superannuation. It primarily affects people of middle means. Sequencing risk has been described as an independent risk but it has largely been a consequence of the dominant asset allocation strategy, described here as aggressive constant-mix. Lifetime glide paths...

Working paper

What’s the state of play? The effects of state capital investment in Australia and regulatory implications

24 May 2013

George Gilligan,

Megan Bowman

Centre for International Finance and Regulation

The growing size and significance of investments by Sovereign Wealth Funds (SWFs) and State-Owned Enterprises (SOEs), especially those of rapidly growing Asian economies, are having a profound impact on the dynamics of markets across the world. Better understanding global state investment capital is an increasingly important strategic priority for governments, regulators, finance sector participants and...

Working paper

Dynamic asset allocation when bequests are luxury goods

13 Dec 2012

Jie Ding,

Geoffrey Kingston,

Sachi Purcal

Centre for International Finance and Regulation

Luxury bequests impart systematic e ects of age to an investor's optimal allocation: the expected percentage allocation to equities rises throughout retirement. When bequests are luxuries the marginal utility of bequests declines more slowly than the marginal utility of consumption. This is essentially lower risk aversion. As a retiree approaches death, her expected remaining lifetime...