Discovery Early Career Researcher Award - Grant ID: DE150101889
Funder
Australian Research Council
Funding Amount
$350,000.00
Summary
Insider trading in financial markets. Insider trading destroys confidence in financial markets and undermines their fairness and efficiency. Substantial amounts of taxpayer money are spent each year in combatting insider trading, and yet cases of insider trading remain abundant. This project aims to advance our understanding of insider trading, its prevalence, social costs, characteristics and determinants, and how it responds to different penalties. This project aims to allow for more efficient ....Insider trading in financial markets. Insider trading destroys confidence in financial markets and undermines their fairness and efficiency. Substantial amounts of taxpayer money are spent each year in combatting insider trading, and yet cases of insider trading remain abundant. This project aims to advance our understanding of insider trading, its prevalence, social costs, characteristics and determinants, and how it responds to different penalties. This project aims to allow for more efficient use of regulatory resources through better rules, more accurate detection methods, and increased deterrence. It aims to benefit society through fairer and more efficient markets.Read moreRead less
The failings of financial markets. Financial markets are failing to serve society. The recent Royal Commission into Misconduct in Financial Services has highlighted many examples, as have major litigation cases against Australia’s banks for market manipulation at enormous scale. Markets are becoming increasingly fragile with the automation of trading and are failing in funding companies, with fewer companies listing on stock markets. This project will investigate how and why financial markets ar ....The failings of financial markets. Financial markets are failing to serve society. The recent Royal Commission into Misconduct in Financial Services has highlighted many examples, as have major litigation cases against Australia’s banks for market manipulation at enormous scale. Markets are becoming increasingly fragile with the automation of trading and are failing in funding companies, with fewer companies listing on stock markets. This project will investigate how and why financial markets are failing, what are the real effects of these failings, and what should be done about them. The project will develop policy solutions to mitigate the failings, thereby enhancing Australia’s economic prosperity, benefitting retirement savings, and improving regulatory efficiency.
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Exposing the anonymous attacker: detecting identity crimes using real-time entity resolution on large dynamic databases. Given the increasingly large costs of identity crimes in Australia, developing improved electronic identity verification techniques is highly significant in reducing losses from such crimes, making the Australian economy more competitive, and increasing consumer confidence in Australian financial institutions. Veda Advantage is widely used for identity verification by Australi ....Exposing the anonymous attacker: detecting identity crimes using real-time entity resolution on large dynamic databases. Given the increasingly large costs of identity crimes in Australia, developing improved electronic identity verification techniques is highly significant in reducing losses from such crimes, making the Australian economy more competitive, and increasing consumer confidence in Australian financial institutions. Veda Advantage is widely used for identity verification by Australian financial service providers, so the benefits of the techniques developed in this project will automatically flow through to the Australian community. These techniques will be sufficiently generic to be of use for real-time identity verification in a broad range of applications, including e-Government portals, electronic banking, online stores, or national security systems.Read moreRead less