The funds, entities and regulators involved in the superannuation industry together comprise a system that is complex and dynamic.  This paper starts to map and analyse the links between these institutions, assessing the threat the links pose to systemic resilience. It also briefly considers regulatory responses that might be required to address the risks. 

The authors acknowledge the support provided for this research by the Centre for International Finance and Regulation under Grant EO33: Identifying, monitoring and managing systemic risks in Australia’s superannuation system.