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

Regulatory Independence - It's not just about institutions

31 Jan 2015

Gordon Menzies

Centre for International Finance and Regulation

Financial regulators perform inter alia a quality control function, as they search for recession-generating flaws in the financial system. Some groupings of regulations operate more or less independently to other groupings, as is the case when different agents – not necessarily different institutions – examining the same regulatory issues or monitor the same behaviours independently...

Working paper

The financial sector regulation bill in South Africa: lessons from Australia

31 Jan 2015

Andrew Godwin,

Andrew Schmulow

Centre for International Finance and Regulation

The proposed reforms to financial regulation in South Africa, as embodied in the Financial Sector Regulation Bill, (second draft, 10 December, 2014) (‘FSR Bill’), represent the most important reforms to South Africa’s financial regulatory architecture since the 1987 de Kock Commission. The degree to which these reforms succeed will determine the extent to which South...

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...

Working paper

Connecting the dots: econometric methods for uncovering networks with an application to the Australian financial institution

31 Jan 2015

Mikhail Anufriev,

Valentyn Panchenko

Centre for International Finance and Regulation

This paper connects variance-covariance estimation methods, Gaussian graphical models, and the growing literature on economic and nancial networks. We construct the network using the concept of partial correlations which captures direct linear dependence between any two entities, conditional on dependence between all other entities. We relate the centrality measures of this network to shock propagation...

Working paper

MySuper: A Stage in an Evolutionary Process

31 Dec 2014

Centre for International Finance and Regulation

We interview Australian fund executives about how their organisations responded to MySuper, a regulatory framework for default retirement savings funds that providers were required to have in place by the beginning of 2014. In addition to providing an account of the influences on product design and how MySuper was perceived by the industry, we discuss...