Australia: Financial Sector Assessment Program: Detailed Assessment of Observance of Standards and Codes

November 21, 2006

Preview Citation

Format: Chicago

Australia: Financial Sector Assessment Program: Detailed Assessment of Observance of Standards and Codes, (USA: International Monetary Fund, 2006) accessed November 21, 2024

Summary

This assessment of the current state of Australia’s implementation of the Basel Core Principles for Effective Banking Supervision has been completed as part of a Financial Sector Assessment Program (FSAP) undertaken in December 2005 by the International Monetary Fund. The assessment team reviewed the legal framework for banking supervision. The team had the benefit of working with a comprehensive self-assessment completed by the Australian authorities, enjoyed excellent cooperation with its counterparts, and received all the information it required. The financial system is relatively large and diversified.

Subject: Banking, Capital adequacy requirements, Financial institutions, Financial markets, Financial regulation and supervision, Financial services, Insurance, Insurance companies, Payment systems

Keywords: Banking group, Business plan, Capital adequacy requirements, Central bank, CR, Financial system, Global, Insurance, Insurance companies, Internal audit, ISCR, Monetary policy, Payment systems, Risk management

Publication Details

Pages:

152
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/415
Stock No:

1AUSEA2006006
ISBN:

9781451802146
ISSN:

1934-7685

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