Personal profile
Biography
Education/Academic qualification
Finance, PhD, The Impact of Regulation on Market Quality, University of Sydney
Award Date: 15 Oct 2014
External positions
Head of Decentralized Assets, Digital Finance CRC Limited
1 Jan 2021 → …
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Collaborations and top research areas from the last five years
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DFCRC 24: Digital Finance CRC Industrial PhD Scholarship - Juuso Artturi Itkonen
Foley, S. (Primary Chief Investigator), Niemela, M. (Supervisor) & Mollica, V. (Co-Investigator)
1/07/24 → 1/07/27
Project: Research
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$181million - DFCRC: Digital Finance Cooperative Research Centre
Foley, S. (Primary Chief Investigator)
12/09/21 → 1/11/31
Project: Research
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DFCRC: Digital Finance CRC PhD Top-Up Scholarship (Sayujya Sharma)
Foley, S. (Primary Chief Investigator), Sharma, S. (Student CI) & Mollica, V. (Supervisor)
24/02/25 → 23/02/26
Project: Research
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DFCRC: Digital Finance CRC PhD Top-Up Scholarship (William Krekel)
Foley, S. (Primary Chief Investigator), Krekel, W. (PhD Student) & Mollica, V. (Supervisor)
17/06/24 → 16/06/25
Project: Research
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DFCRC 23: Digital Finance CRC Seed Grant: Financial Market Infrastructure and Requirements: Implications for Blockchain/Ledger Design
Foley, S. (Primary Chief Investigator) & Krekel, W. (PhD Student)
1/11/23 → 30/04/25
Project: Research
Research Outputs
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How Tether depegging affects cryptocurrency returns
Foley, S., Lee, S. A. & Milunovich, G., 8 Mar 2026, (E-pub ahead of print) In: Accounting & Finance.Research output: Contribution to journal › Article › peer-review
Open Access -
Bitcoin, cryptocurrency and global finance industry disruption: dirty little energy secret
Foley, S., 2025, Innovation pathways to sustainability: conversations towards complex systems of governance. Lester, M. & dela Rama, M. (eds.). London ; New York: Routledge, Taylor and Francis Group, p. 133-145 13 p. (Routledge Frontiers of Business Management).Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review
Open AccessFile26 Downloads (Pure) -
Identifying and characterizing opening auction manipulation
Duong, H. N., Foley, S., Kalev, P. S. & Lim, K. S., 14 Nov 2025, (E-pub ahead of print) In: Journal of Financial Markets. 101031.Research output: Contribution to journal › Article › peer-review
1 Link opens in a new tab Citation (Scopus) -
Revisiting the crisis: An empirical analysis of the NEM suspension
Rangarajan, A., Svec, J., Foley, S. & Trück, S., Jan 2025, In: Energy Economics. 141, p. 1-16 16 p., 107983.Research output: Contribution to journal › Article › peer-review
2 Link opens in a new tab Citations (Scopus) -
Should underwriters be trusted? Reducing agency costs through primary market supervision
Foley, S., Hu, X., Huang, H. & Li, J., May 2025, In: British Accounting Review. 57, 3, p. 1-23 23 p., 101510.Research output: Contribution to journal › Article › peer-review
Open AccessFile2 Link opens in a new tab Citations (Scopus)79 Downloads (Pure)
Prizes
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2024 Robert Faff Manuscript Award at the AFAANZ conference
Foley, S. (Recipient), Svec, J. (Recipient), Malloch, H. (Recipient), Aspris, A. (Recipient) & Felez-Vinas, E. (Recipient), 14 Jul 2025
Prize
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Press/Media
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Oil rises and Asia shares slide as Iran war enters fifth week
2/04/26
1 Media contribution
Press/Media: Expert Comment
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Is Cryptocurrency a Swamp in need of Mainstream Regulation?
10/06/25
1 Media contribution
Press/Media: Expert Comment
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SBS World News: Regulating Cryptocurrency ATMs: Fraud, Scams and Money Laundering
3/06/25
1 Media contribution
Press/Media: Expert Comment
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MoneyLaundering.com: Cryptocurrency Research Firms Vastly Underestimate Illicit Payments, Critics Claim
29/06/23
1 Media contribution
Press/Media: Expert Comment
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The Chainsaw: Is Now a Good Time to Buy Ethereum?
9/03/23
1 Media contribution
Press/Media: Expert Comment
Impacts
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Electricity Markets in Crisis – Examining Australia’s Reliance on Fossil Fuels
Foley, S. (Participant), Rangarajan, A. (Participant), Trueck, S. (Participant) & Svec, J. (Participant)
Impact: Policy impacts, Economy impacts, Commercial impacts
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Measuring the use of Cryptocurrencies for Illegal Conduct
Foley, S. (Participant), Putnins, T. (Participant) & Karlsen, J. (Participant)
Impact: Policy impacts, Society impacts
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