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

The Australian tax white paper task force - Submission

30 Jun 2016

Centre for International Finance and Regulation

The volume of Australia’s Income Tax Assessment Act (1936) has grown exponentially since its enactment, due to ad hoc annual amendments over many decades. However, the substantive nature of the Act has changed little over the years. The breadth and extent of the changes that have taken place in the financial sphere, and more broadly...

Working paper

Sanctions imposed for insider trading in Australia, Canada (Ontario), HK, Singapore, NZ, the UK and the US: An empirical study

30 Jun 2016

Centre for International Finance and Regulation

This working paper presents the results of a detailed comparative empirical study of sanctions imposed for insider trading in Australia, Canada (Ontario), Hong Kong, Singapore, New Zealand, the United Kingdom, and the United States. Insider trading is considered to be a serious form of misconduct and has in some cases resulted in defendants receiving lengthy...

Working paper

Regulatory capital and internal capital targets: An examination of the Australian banking industry

30 Jun 2016

James R. Cummings,

Kassim J. Durrani

Centre for International Finance and Regulation

Using a unique but confidential database, this study examines the capital management practices of Australian banks under the Basel regulatory framework. We find evidence of a significantly negative relationship between the internally targeted capital buffers of banks and the state of the business cycle. This finding supports the view that the capital conservation buffer and...

Working paper

Australian Prudential Regulation before and after the Global Financial Crisis

30 Jun 2016

Centre for International Finance and Regulation

This paper reviews the nature of Australian bank prudential regulation before and after the Global Financial Crisis (GFC). It begins by providing a detailed conceptual framework for understanding the functions of banks and deposit-takers, the theory of what can go wrong with the operation of these institutions, and the logic of prudential regulation. It then...

Working paper

Comparing the impacts of financial regulation in Australia and the United States via simulation with country-specific financial CGE models

10 Jun 2016

Centre for International Finance and Regulation

Abstract Beginning with [Johansen (1960)], computable general equilibrium (CGE) models have been widely applied to study the impact of a variety of economic policy issues. These include changes in macroeconomic or regional economic policies such as tariff reductions, changes in labour force demographics and skill levels, the impact of epidemics and terrorist attacks, the impact...