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

Agency theory and financial planning practice

24 Dec 2013

Geoffrey Kingston,

Haijie Weng

Centre for International Finance and Regulation

This paper compares and contrasts mainstream agency theory with financial planning practice in Australia. It appears to be the first attempt to do so. It extends an influential mainstream contribution to the literature on agency theory and then uses this extension, in conjunction with other theoretical contributions, to shed light on actual contracts between investors...

Working paper

Googling SIFIs

30 Nov 2013

Mardi Dungey,

Matteo Luciani,

David Veredas

Centre for International Finance and Regulation

To measure the systemic risk in financial markets, and rank systemically important financial institutions (SIFIs), we propose a methodology based on the Google PageRank algorithm. We understand the economic system as interconnected risk shocks of firms in both the financial sector and the real economy. By taking into account both sectors, we demonstrate the efficacy...

Working paper

China: investing in the world

30 Nov 2013

Megan Bowman,

George Gilligan,

Justin O'Brien

Centre for International Finance and Regulation

It is clear that China has emerged as a key investment actor in the current global milieu. What is not so clear is why this is so. This paper adds an historical perspective to the state capital story by examining China’s trade and investment patterns through a longitudinal lens. The paper outlines the emergence of...

Working paper

The global impact of state capital

30 Nov 2013

George Gilligan,

Megan Bowman,

Justin O'Brien

Centre for International Finance and Regulation

This paper examines the nature of state capital, its increasing prevalence and impacts in the global economy, and the implications of current state capital trends for Australia. The paper classifies several key state capital actors and maps their scale, scope and investment strategies in both global and domestic Australian contexts. Finally, the paper focuses on...

Working paper

Market discipline and Basel Pillar 3 reporting

30 Nov 2013

Jerry T. Parwada,

Stefan Ruenzi,

Sidharth Sahgal

Centre for International Finance and Regulation

This paper examines the role of Basel Pillar 3 risk reporting in improving market transparency. Pillar 3 reporting requirements vary widely across countries. This study informs regulators and market participants on the efficacy of Pillar 3 risk reporting with several policy implications.