Australia: Report on the Observance of Standards and Codes (ROSC)—Summary Assessments
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
The main objective of the assessment was to analyze and observe the implementation of the International Organization of Securities Commissions (IOSCO) Principles in Australia. The various responsibilities of the Australian Securities and Investments Commission (ASIC) were highlighted and the flaws identified. It was noted that the ASIC underwent a major structural reorganization and modified its policies as a response to the initial IOSCO assessment conducted in 2006. The Australian legal and regulatory framework for securities markets largely corresponded with the principles of IOSCO.
Series:
Country Report No. 2012/307
Subject:
Banking Commercial banks Financial institutions Financial regulation and supervision Financial services Insurance Insurance companies
English
Publication Date:
November 15, 2012
ISBN/ISSN:
9781475587623/1934-7685
Stock No:
1AUSEA2012002
Pages:
67
Please address any questions about this title to publications@imf.org