Australia Financial Sector Assessment Program-Detailed Assessment of Observance-Basel Core Principles For Effective Banking Supervision

This Detailed Assessment of Observance report specifies Base Core Principles (BCP) for effective banking supervision in Australia. An assessment of the effectiveness of banking supervision requires a review of the legal framework, and a detailed examination of the policies and practices of the insti...

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Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2019
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Australia  |b Financial Sector Assessment Program-Detailed Assessment of Observance-Basel Core Principles For Effective Banking Supervision 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2019 
300 |a 281 pages 
651 4 |a Australia 
653 |a Depository Institutions 
653 |a Public Administration 
653 |a Liquidity risk 
653 |a Banks 
653 |a Finance 
653 |a Banks and banking 
653 |a Value of Firms 
653 |a Micro Finance Institutions 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Mortgages 
653 |a Management accounting & bookkeeping 
653 |a Market risk 
653 |a Internal audit 
653 |a Financial risk management 
653 |a Capital and Ownership Structure 
653 |a Credit risk 
653 |a Operational risk 
653 |a Goodwill 
653 |a Banks and Banking 
653 |a Public Sector Accounting and Audits 
653 |a Auditing, Internal 
653 |a Financial regulation and supervision 
653 |a Public financial management (PFM) 
653 |a Banking 
653 |a Financial Risk and Risk Management 
653 |a Financing Policy 
653 |a Public Finance 
653 |a Financial services law & regulation 
653 |a Finance: General 
653 |a Stress testing 
710 2 |a International Monetary Fund  |b Monetary and Capital Markets Department 
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490 0 |a IMF Staff Country Reports 
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520 |a This Detailed Assessment of Observance report specifies Base Core Principles (BCP) for effective banking supervision in Australia. An assessment of the effectiveness of banking supervision requires a review of the legal framework, and a detailed examination of the policies and practices of the institution(s) responsible for banking regulation and supervision. In line with the BCP methodology, the assessment focused on banking supervision and regulation in Australia and did not cover the specificities of regulation and supervision of other financial institutions. The assessment has made use of five categories to determine compliance: compliant; largely compliant, materially noncompliant, noncompliant, and non-applicable. The report insists that Australian Prudential Regulation Authority (APRA) should put more focus on assessing the various components of firms’ Internal Capital Adequacy Assessment Process and other firm-wide stress testing practices. A periodic more comprehensive assessment of banks’ risk management and governance frameworks will further enhance APRA’s supervisory approach