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

Surfing through the GFC: Systemic risk in Australia

14 May 2015

Centre for International Finance and Regulation

We provide empirical evidence on the degree of systemic risk in Australia before, during and after the Global Financial Crisis. We calculate a daily index of systemic risk from 2004 to 2013 in order to understand how real economy firms influence the outcomes for the rest of the economy. This is done via a mapping...

Submission

Financial System Inquiry - Submission III

30 Mar 2015

Centre for International Finance and Regulation

CIFR has invested in three high quality FSI Workshops addressing each stage of the Financial System Inquiry. This submission summarises the key issues discussed at our third FSI Workshop, held at the Westin Hotel in Sydney on 11 March 2015, and provides feedback on many of the 44 recommendations put forward in the FSI’s Final...

Working paper

Performance evaluation for long term investors

28 Feb 2015

Geoffrey J. Warren

Centre for International Finance and Regulation

A performance evaluation approach is developed to support long-term investment programs, where asset selection is based on the internal rate of return estimated with reference to long-term cash flows.

Working paper

Financial System Inquiry topical analysis

28 Feb 2015

Kingsley Jones,

Richard Lawson

Centre for International Finance and Regulation

Summary This research paper describes the merit of developing a text analytics engine to index public submissions to the recent Financial System Inquiry (FSI). Public inquiries such as the FSI typically involve processing a substantial number of documents, with content that represents a diverse range of opinions. Managing the diverse authorship and viewpoints reflected in...

Working paper

The effects of ratings-contingent regulation on international bank lending behaviour: Evidence from the Basel 2 Accord

31 Jan 2015

Iftekhar Hasan,

Suk-Joong Kim,

Eliza Wu

Centre for International Finance and Regulation

This paper investigates the effects of credit ratings-contingent financial regulation on foreign bank lending behaviour and examines the sensitivity of international bank flows to debtor countries’ sovereign credit rating changes before and after the implementation of the Basel 2 risk-based capital regulatory rules. The research finds evidence that sovereign credit re-ratings that lead to changes...