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

Regulation, competition and banking markets

31 Aug 2014

Stephen P. King,

Rodney Maddock

Centre for International Finance and Regulation

Banks use a mix of wholesale and deposit funds to finance lending. If a country is a net importer of wholesale funds, then a financial crisis in a foreign country can 'infect' the banking system by raising the cost of wholesale funds. Indeed, countries such as Australia imported a crisis through the wholesale funding market...

Article

Building consumer demand for digital financial services – The new regulatory frontier

31 Aug 2014

Louise Malady,

Ross Buckley

Centre for International Finance and Regulation

Digital Financial Services (DFS) are held out as key financial solutions for improving financial inclusion. However, targeted end-users often offer little in the way of obvious profitable opportunities and so market forces alone are not enough to ensure the supply of services and products which match end-users’ means, needs or wants. As a result DFS...

Submission

Financial System Inquiry - Submission II

26 Aug 2014

Centre for International Finance and Regulation

CIFR is in a position to draw on its capabilities and network to provide independent and objective research and views. In this submission we address aspects of the Interim Report with observations and views supported by output from CIFR-funded research. The content of this submission reflects the output of the relevant specialists. CIFR’s submission comprises...

Working paper

Global stores of value and the International role of the renminbi

10 Aug 2014

Kartik Anand,

Prasanna Gai

Centre for International Finance and Regulation

We explore the conditions under which a financial asset emerges as a global store of value and can co-exist with a pre-existing (incumbent) store of value. In our model the acceptability of an asset as a global store is driven by the issuing region’s financial development, growth rate, degree of capital liberalization, and by strategic...

Working paper

The size, cost and asset allocation of Australian self-managed superannuation funds

31 Jul 2014

Centre for International Finance and Regulation

Using proprietary Australian Tax Office (ATO) data, we document the size, asset allocation and expenses for a sample of 209,420 Australian self-managed superannuation funds (SMSFs) for the three years to June 2010. Two recent Government reviews have highlighted a lack of basic knowledge of the costs associated with running an SMSF. Our study aims to...