Bank Custodians and Systemic Risk in the Australian Superannuation System

18 Pages Posted: 27 Apr 2015

See all articles by M. Scott Donald

M. Scott Donald

UNSW Law

Rob Nicholls

UNSW Business School; UNSW Business School Cybersecurity and Data Governance Research Network; UNSW Law Centre for Law, Markets and Regulation

Date Written: April 27, 2015

Abstract

Custodians play an integral role in the administration of Australia’s superannuation system. This article considers the way in which the small number of custodians, and the increasingly diverse set of services they provide to superannuation funds, gives rise to systemic risk within the superannuation system. It also considers the way in which the current regulatory scheme addresses this risk. It finds a regulatory scheme in which the potential for systemic risk is increasingly recognised but in which little is currently done to manage this risk as a result of institutional, political and jurisdictional factors.

Suggested Citation

Donald, M. Scott and Nicholls, Rob, Bank Custodians and Systemic Risk in the Australian Superannuation System (April 27, 2015). CIFR Paper No. 14-4. Available at SSRN: https://ssrn.com/abstract=2599409 or http://dx.doi.org/10.2139/ssrn.2599409

M. Scott Donald (Contact Author)

UNSW Law ( email )

Kensington, New South Wales 2052
Australia

Rob Nicholls

UNSW Business School ( email )

Sydney, NSW 2052
Australia
+61412646477 (Phone)

HOME PAGE: http://https://www.business.unsw.edu.au/our-people/rob-nicholls

UNSW Business School Cybersecurity and Data Governance Research Network ( email )

UNSW
Sydney, NSW 2052
Australia
+61 4 1264 6477 (Phone)

UNSW Law Centre for Law, Markets and Regulation ( email )

Kensington, New South Wales 2052
Australia
+61 4 1264 6477 (Phone)

HOME PAGE: http://https://www.business.unsw.edu.au/our-people/rob-nicholls

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