Centre for International Finance and Regulation

The Centre for International Finance and Regulation (CIFR) is a Centre of Excellence established in 2011 to address fundamental issues affecting the Australian financial industry. CIFR’s mission is 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 has funded 71 research projects, involving well over 100 researchers from domestic and international universities.

For Australia’s financial industry, CIFR provides a strategic link between academia, policy-makers, regulators and other industry participants.  By engaging with industry, undertaking world-class research, delivering highly relevant educational events and providing valuable inputs to stakeholders,

CIFR is supported by consortium partners including:

  • Government Partners: Australian Government Treasury and NSW Government Department of Industry
  • Australian University Partners: UNSW Australia, The University of Sydney, Macquarie University, University of Technology Sydney, The University of Melbourne and Australian National University
  • Research Centre Partners: CMCRC and SIRCA
  • Industry Partners: Commonwealth Bank, KPMG, Macquarie Bank and King & Wood Mallesons
9 December 2016

CIFR’s mission has been to promote the vibrancy, resilience and integrity of the Australian financial system through research, education and engagement.

30 October 2016

Examines the management of capacity from the perspective of institutional asset owners, and argues that optimal scale need not exist for asset owners with the flexibility to adjust where and how they invest as they grow, even though it may exist for specific assets or strategies.

26 October 2016

The Centre for International Finance and Regulation (CIFR) welcomes the opportunity to provide input to the Productivity Commission inquiry into alternative default models for the superannuation industry.

30 September 2016

This report examines the evaluation of capacity in an investment management context, outlining the key issues and various methods of analysis.

30 September 2016

The number of self-managed superannuation funds (SMSFs) has grown at more than 5% p.a. over the past five years.

30 September 2016

Self-managed superannuation funds (SMSFs) – small retirement savings funds with four or fewer members – now manage almost one third of retirement savings in Australia, and serve over one million members.

14 September 2016

Superannuation fees have come under public scrutiny in recent years with the belief that many are set too high. The Financial System Inquiry of 2014 alluded to this issue, noting that the fees charged by superannuation funds in Australia are amongst the highest in the OECD.
This study focuses on a sample of Australian superannuation funds to gain a better understanding of the factors that influence the fees that they charge.

3 September 2016

This paper proposes a method for global equity fund performance evaluation that extends existing research by addressing both equity and currency factor exposures.

31 August 2016

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.

31 August 2016

We develop a theoretical and empirical framework to model the international connections between fi…nancial institutions and sovereign debt markets. By allowing for both good and poor returns on the investments of fi…nancial institutions in real economy fi…rms and the potential for haircuts in sovereign debt markets we show how shock transmission and the default probabilities of these entities are affected through a network of these institutions.