Decentralised assets trading, centralised clearing and systemic risk. This project aims to study the effect of regulating over-the-counter (OTC) financial markets on economic performance. The lack of transparency of OTC financial markets may have exacerbated the severity of the 2007-09 financial crisis. In response, regulators around the world decided to mandate centralised clearing of derivatives traded OTC, believing this would reduce system-wide risk. This project will study the regulatory ch ....Decentralised assets trading, centralised clearing and systemic risk. This project aims to study the effect of regulating over-the-counter (OTC) financial markets on economic performance. The lack of transparency of OTC financial markets may have exacerbated the severity of the 2007-09 financial crisis. In response, regulators around the world decided to mandate centralised clearing of derivatives traded OTC, believing this would reduce system-wide risk. This project will study the regulatory change’s effects on market participation, volumes of trade and prices, and the behavioural effect of shifting risk from market participants to clearinghouses. It expects to suggest remedial policies clearinghouses could implement to control market participants’ risk appetite. These can help enhance future productivity and reduce unemployment in Australia.Read moreRead less
Developing sustainable retirement policy in a Chinese province: the case of Zhejiang. Much Chinese national policy has its origins in provincial initiatives, and this is especially true of retirement policy, where information about individuals is held by provinces. This project examines Zhejiang Province, one of the most innovative in policy. It promises to yield rich insights into retirement policy formulation in China.
Integrating public and private retirement risk protection: public policy and business practice. Demographic shift has brought widespread calls for structures which allow both the private and public sectors to participate in retirement protection. This project will deliver outcomes for co-ordinating public policy and business practice to finance adequate retirement protection, and identify opportunities for specific outcome improvements.