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

MySuper: a new landscape for default superannuation funds

30 Apr 2014

Warren Chant,

Mano Mohankumar ,

Geoffrey J. Warren

Centre for International Finance and Regulation

This report examines the Australian superannuation default fund landscape following the introduction of MySuper. The two main products are outlined – single strategy ‘balanced’ and lifecycle – including their underlying asset allocation and glide path strategies.

Working paper

Banks non-interest income and global financial stability

30 Apr 2014

Centre for International Finance and Regulation

Depositary institutions over the last 15 years have increased the share of non-traditional revenue in total income.While the change in business models is a global phenomenon, it is more pronounced in countries such as the U.S., France and the U.K. In this study, we examine whether market structure can help explain the cross-country variation in...

Working paper

Global Financial Crisis, liquidity shocks and global financial stability

30 Apr 2014

Tung Lam Dang,

Fariborz Moshirian,

Avanidhar Subrahmanyam,

Bohui Zhang

Centre for International Finance and Regulation

The most recent global financial crisis, characterized as a liquidity crunch, began in the U.S. in late 2007 and quickly spread to other countries. The rapid propagation of the liquidity shock and the severe effects of the crisis on stock market performance have raised several important questions. Which channels contributed to the transmission of liquidity...

Working paper

Decomposing the smile: systematic credit risk in mortgage Portfolios

31 Mar 2014

Yongwoong Lee,

Daniel Roesch,

Harald Scheule

Centre for International Finance and Regulation

This study analyzes systematic and non-systematic credit risk in mortgage portfolios given US loan-level information by controlling for time-varying observable information in relation to the borrower, the collateral and the macro economy. The total risk in relation to rating class default rates is decomposed into systematic and class-specic non-systematic risk by a state space model...

Working paper

State capital: Global and Australian perspectives

31 Mar 2014

George Gilligan,

Megan Bowman

Centre for International Finance and Regulation

This paper examines how swiftly core characteristics of the global economy are changing and the implications for Foreign Direct Investment (FDI) into Australia, especially FDI from China. The paper focuses on how state investment capital is an increasingly important strategic priority for governments, regulators, finance sector participants and other stakeholders. This is of the utmost...