Australia: Basel Core Principles for Effective Banking Supervision

Australia: Basel Core Principles for Effective Banking Supervision—Detailed Assessment of Observance

November 21, 2012

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Format: Chicago

Australia: Basel Core Principles for Effective Banking Supervision—Detailed Assessment of Observance, (USA: International Monetary Fund, 2012) accessed November 23, 2024

Summary

Australia has a very high level of compliance with the Basel Core Principles for Effective Banking Supervision (BCPs). The Australian banking system was more sheltered than a number of other countries and weathered the Global Financial Crisis relatively well. This was in part due to relative concentration of the system on a well performing domestic economy, but also due to a material contribution from a well-developed regulatory and supervisory structure. Notable strengths of the Australian supervisory approach rest in its strong risk analysis and on the focus of the responsibility of the Board. The Australian banking system however, is still vulnerable to continuing aftershocks of the financial crisis not least as banks? funding profiles could be a conduit of instability.

Subject: Banking, Capital adequacy requirements, Credit risk, Financial regulation and supervision, Liquidity risk, Market risk, Operational risk

Keywords: Banking groups, Business plan, Capital adequacy requirements, Capital base, Capital ratio, Country risk, CR, Credit risk, Credit risk, Global, Interest rate, Internal audit, ISCR, Liquidity risk, Market risk, Operational risk, Risk management, Risk profile, Senior management, State bank

Publication Details

Pages:

157
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/313
Stock No:

1AUSEA2012007
ISBN:

9781475540093
ISSN:

1934-7685

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