Australia: Basel Core Principles for Effective Banking Supervision—Detailed Assessment of Observance
IMF Staff Country Reports, November 21, 2012
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- Australia: Basel Core Principles for Effective Banking Supervision—Detailed Assessment of Observance
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Bibliographic details
- Published: November 21, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475540093.002
Summary findings
- 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.
- Contributing factors cited:
- Relative concentration of the system on a well performing domestic economy.
- A well-developed regulatory and supervisory structure.
Notable strengths
- Strong risk analysis within the supervisory approach.
- Clear focus on the responsibility of the Board.
Vulnerabilities and risks
- The Australian banking system remains vulnerable to continuing aftershocks of the financial crisis.
- Specific vulnerability noted: banks’ funding profiles could be a conduit of instability.
Thematic coverage (subjects and keywords)
- Subjects: 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.
Content in this bundle
- _cr12313 - Summary Compliance with the Basel Core Principles—Detailed Assessments