Australia: Report on the Observance of Standards and Codes (ROSC)—Summary Assessments
IMF Staff Country Reports, November 15, 2012
Source details
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- Australia: Report on the Observance of Standards and Codes (ROSC)—Summary Assessments
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Bibliographic details
- Published: November 15, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475587623.002
Assessment objective
- Main objective: analyze and observe the implementation of the International Organization of Securities Commissions (IOSCO) Principles in Australia.
Key findings
- The various responsibilities of the Australian Securities and Investments Commission (ASIC) were highlighted and flaws were identified.
- The Australian legal and regulatory framework for securities markets largely corresponded with the principles of IOSCO.
ASIC response and reforms
- ASIC underwent a major structural reorganization.
- ASIC modified its policies as a response to the initial IOSCO assessment conducted in 2006.
Coverage and thematic focus
- Subjects noted on the page: Banking, Commercial banks, Financial institutions, Financial regulation and supervision, Financial services, Insurance, Insurance companies.
- Keywords provided on the page include: banking system, Commercial banks, corporate governance, CR, executive government, financial system, Global, hedge fund, Insurance, Insurance companies, ISCR, pty ltd, risk management.
International Monetary Fund. Monetary and Capital Markets Department "Australia: Report on the Observance of Standards and Codes (ROSC)—Summary Assessments", IMF Staff Country Reports 2012, 307 (2012).