Securing the future of financial services: Building a behavioural model of effective operational risk management. Securing the financial services industry is fundamental to the Australian economy. Effective operational risk management is vital to this goal. It requires appropriate attitudes to operational risk and widespread buy-in to risk management practices. This project will identify managerial controllable factors that ensure more consistent and widespread deployment of effective operationa ....Securing the future of financial services: Building a behavioural model of effective operational risk management. Securing the financial services industry is fundamental to the Australian economy. Effective operational risk management is vital to this goal. It requires appropriate attitudes to operational risk and widespread buy-in to risk management practices. This project will identify managerial controllable factors that ensure more consistent and widespread deployment of effective operational risk management practices and attitudes. It will inform the monitoring activities of regulators. In turn, it will enable the financial services industry to better avoid undesirable risks and to better manage the negative effects of unexpected events. This directly contributes to the future stability of the Australian economy.Read moreRead less
The adequacy and sustainability of self-managed superannuation funds: Governance, performance, asset allocation, fee structure and compliance. This project will provide research to aid decision makers in policy formation and setting on governance, regulatory and performance issues relating to Self-Managed Superannuation Funds (SMSFs), which now make up the largest proportion of superannuation assets, accounting for over 30% of the total $1.1 trillion of superannuation assets in Australia. Empir ....The adequacy and sustainability of self-managed superannuation funds: Governance, performance, asset allocation, fee structure and compliance. This project will provide research to aid decision makers in policy formation and setting on governance, regulatory and performance issues relating to Self-Managed Superannuation Funds (SMSFs), which now make up the largest proportion of superannuation assets, accounting for over 30% of the total $1.1 trillion of superannuation assets in Australia. Empirically driven advice to the Government and the general community on these issues is of substantial importance given the need for retirees to be self-financing and the current adverse conditions experienced in today's financial environment. Research stemming from this project will highlight the value proposition SMSFs may or may not be providing to the superannuation industry.Read moreRead less