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	<title>Australian Centre for Financial Studies</title>
	<link>http://www.australiancentre.com.au</link>
	<description>The Australian Centre for Financial Studies facilitates industry-relevant and rigorous research, thought leadership and independent commentary. Drawing on expertise from academia, industry and government, the Centre promotes excellence in financial services.</description>
	<lastBuildDate>Mon, 30 Jan 2012 02:40:14 +0000</lastBuildDate>
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		<title>Higher Bank Capital: What’s Wrong with That?</title>
		<description><![CDATA[Published in AFR, Social dimension to bank capital ratios, 30 January 2012

Suggestions from the IMF for Australian banks to increase their capital have elicited the usual negative response from that sector. Unnecessary, unfair, undesirable (for economic growth) are the sorts of reactions one gets used to hearing. But really, what does the social cost/benefit ratio [...]]]></description>
		<link>http://www.australiancentre.com.au/higher-bank-capital-what%e2%80%99s-wrong-with-that/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=higher-bank-capital-what%25e2%2580%2599s-wrong-with-that</link>
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		<title>Finance Sector Employment on a Slippery Slope</title>
		<description><![CDATA[Published in AFR, 17 January 2012
 
Despite their consistently good profitability and cost/income ratios which KPMG’s annual performance survey indicates are relatively favourable compared to their international peers, the announcements of staff reductions by the major Australian banks should probably not come as a surprise. 
Three interrelated factors are driving bank attempts to cut labour [...]]]></description>
		<link>http://www.australiancentre.com.au/finance-sector-employment-on-a-slippery-slope/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=finance-sector-employment-on-a-slippery-slope</link>
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		<title>Unique Australian Equities Database launched to assist Australian share market investors and researchers</title>
		<description><![CDATA[The Australian Centre for Financial Studies (ACFS), together with its research partner, ANZ Trustees Limited (ANZT), today announced the development of a unique digital Australian Equities Database (AED) covering data from 1948 to current date.
Professor Deborah Ralston, Director of the Centre stated that “research into Australian equities has been hindered by a limited historic digital [...]]]></description>
		<link>http://www.australiancentre.com.au/unique-australian-equities-database-launched-to-assist-australian-share-market-investors-and-researchers/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=unique-australian-equities-database-launched-to-assist-australian-share-market-investors-and-researchers</link>
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		<title>The World in Crisis: Insights from Six Shadow Financial Regulatory Committees</title>
		<description><![CDATA[The six Shadow Financial Regulatory Committees (SFRC) of Asia, Australia &#8211; New Zealand, Europe, Japan, Latin America and the United States have together published an online book, &#8220;The World in Crisis: Insights from Six Shadow Financial Regulatory Committees&#8220;. This book aims to inform financial policy makers around the world and other players in the global [...]]]></description>
		<link>http://www.australiancentre.com.au/the-world-in-crisis-insights-from-six-shadow-financial-regulatory-committees/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=the-world-in-crisis-insights-from-six-shadow-financial-regulatory-committees</link>
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		<title>Should banks be compelled to pass on interest rate cuts?</title>
		<description><![CDATA[Published in The Conversation, 6 December 2011
 
As Reserve Bank of Australia board members gather today to ponder Australia’s cash rate, financial markets are having a bet each way the RBA will cut rates amid the release of data reflecting a softening in key non-mining sectors of the Australian economy, but more favourable inflation figures. [...]]]></description>
		<link>http://www.australiancentre.com.au/should-banks-be-compelled-to-pass-on-interest-rate-cuts/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=should-banks-be-compelled-to-pass-on-interest-rate-cuts</link>
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		<title>The contagion effect: how much will Australian banks be buffeted by Europe?</title>
		<description><![CDATA[Published in The Conversation, 24 November 2011
 
Westpac chief executive Gail Kelly this week warned about Australian banks are vulnerable to “the contagion effect” of Europe’s ongoing financial woes, after the Commonwealth Bank of Australia delayed a Euro-denominated fund raising issue.
Professor Kevin Davis, Research Director at the  Australian Centre  for  Financial Studies [...]]]></description>
		<link>http://www.australiancentre.com.au/the-contagion-effect-how-much-will-australian-banks-be-buffeted-by-europe/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=the-contagion-effect-how-much-will-australian-banks-be-buffeted-by-europe</link>
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		<title>Media Release: Self-managed super funds change the game: KPMG/ACFS</title>
		<description><![CDATA[For immediate release 24 November 2011

Scale not necessarily delivering economies
Institutional funds need to be more competitive 

The extraordinary growth in self-managed super funds to June 2011 has potentially limited the growth of assets within superannuation institutions and will continue to do so, according to research conducted by KPMG and The Australian Centre for Financial Studies [...]]]></description>
		<link>http://www.australiancentre.com.au/media-release-self-managed-super-funds-change-the-game-kpmgacfs/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=media-release-self-managed-super-funds-change-the-game-kpmgacfs</link>
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		<title>Media Release: Global Pension Index warns Australia needs more reform</title>
		<description><![CDATA[For immediate release 7pm, 11 October 2011 (AESDT)

 

Melbourne Mercer Global Pension Index expands to include 16 countries and 50% of the world population
 Netherlands continues to top ranking
 Australia jumps back up to 2nd from 4th

Australia’s retirement income system has jumped up the ranks in a  global comparison of pension systems. However, it [...]]]></description>
		<link>http://www.australiancentre.com.au/global-pension-index-warns-australia-needs-more-reform/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=global-pension-index-warns-australia-needs-more-reform</link>
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		<title>Can ‘living wills’ protect the banking system?</title>
		<description><![CDATA[Published in The Conversation, 7 October 2011
 
Professor Kevin Davis, Research Director at the  Australian Centre for  Financial Studies explains the concept of “living wills” – a basic plan of how a bank could be pulled apart without damaging the broader industry.
What do living wills mean for banks? 
One of the things that [...]]]></description>
		<link>http://www.australiancentre.com.au/can-living-wills-protect-the-banking-system/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=can-living-wills-protect-the-banking-system</link>
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		<title>The Vickers Report – Implications for Australia</title>
		<description><![CDATA[FRDP 2011-04
 September 27, 2011
In this Australian Centre for Financial Studies Financial Regulation Discussion Paper, Professor Kevin Davis outlines key recommendations of the recently released UK Independent Commission on Banking, and considers their relevance to Australia.
The final report of the UK Independent Commission on Banking (Vickers Report, 2011) was released on September 12, 2011, and [...]]]></description>
		<link>http://www.australiancentre.com.au/the-vickers-report-implications-for-australia/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=the-vickers-report-implications-for-australia</link>
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