Using a unique but confidential database, this study examines the capital management practices of Australian banks under the Basel regulatory framework. We find evidence of a significantly negative relationship between the internally targeted capital buffers of banks and the state of the business cycle. This finding supports the view that the capital conservation buffer and...

This Noetic Note presents what Noetic has observed and learned in the process of developing and implementing investment management.

Capital investment in transport, roads, health, water and electricity, amongst other sectors, is significant both in dollar terms and in its potential to interact with climate change adaptation strategies. The general lack of formalised approaches to assessing the social, environmental and economic impacts of capital investment projects is of particular concern.