Australia: Financial Sector Assessment Program: Detailed Assessment of Observance of Standards and Codes
November 21, 2006
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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
Pages:
152
Volume:
2006
DOI:
Issue:
415
Series:
Country Report No. 2006/415
Stock No:
1AUSEA2006006
ISBN:
9781451802146
ISSN:
1934-7685
