Organisation

Centre for International Finance and Regulation

Conference paper

The impact of government guarantees on banks’ wholesale funding costs and risk taking: evidence from a natural experiment

Abstract This study compares the effect of the introduction and removal of the Australian Government Wholesale Funding Guarantee Scheme (WGS) on the funding costs and risk taking incentives of authorised deposit-taking institutions (ADIs). This government guarantee was introduced in the height of the international financial...
Report

CIFR research booklet

CIFR’s mission has been to promote the vibrancy, resilience and integrity of the Australian financial system through research, education and engagement. Between 2012 and 2016 CIFR funded and facilitated the completion of 73 research projects addressing important issues impacting the Australian financial system across three...
Report

Rise and rise of non-GAAP disclosure

This monograph provides a detailed summary of how Australian firms report their financial performance. While applicable standards within Generally Accepted Accounting principles (GAAP) have increasingly restricted the ability to exclude certain components from the calculation of periodic income, we observe a consistent growth in the...
Working paper

Capacity management for institutional asset owners

The management of capacity is considered from the perspective of institutional asset owners. How capacity differs across asset classes is outlined. Investment strategies that offer greater capacity are identified. A discussion of capacity management for multi-asset portfolios highlights how asset owners should manage investments according...
Working paper

Evaluating fund capacity: issues and methods

This report examines the evaluation of capacity in an investment management context, outlining the key issues and various methods of analysis. We address the following question: “how large can a fund get before it is unable to create additional value for its investors?” In doing...