## Australia: Report on the Observance of Standards and Codes (ROSC)—Summary Assessments

_IMF Staff Country Reports, November 15, 2012_

## Source details

**Canonical URL:** [Australia: Report on the Observance of Standards and Codes (ROSC)—Summary Assessments](https://www.imf.org/en/publications/cr/issues/2016/12/31/australia-report-on-the-observance-of-standards-and-codes-rosc-summary-assessments-40106)

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## Bibliographic details
- Published: November 15, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475587623.002

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### 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).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/australia-report-on-the-observance-of-standards-and-codes-rosc-summary-assessments-40106_