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

International Monetary Fund

No 2006/415, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; central bank; risk management; financial system; internal audit; monetary policy; business plan; banking group; Insurance companies; Insurance; Payment systems; Capital adequacy requirements; Global (search for similar items in EconPapers)
Pages: 152
Date: 2006-11-21
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