publication . Preprint . Article . 2006

Australia; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, Securities Regulation, and Payment Systems

null International Monetary Fund;
Open Access
  • Published: 23 Oct 2006
Abstract
The Australian banking system, which holds approximately half of total financial systems assets, and is dominated by four major banks, is sound with high earnings, high asset growth, and low levels of problem assets. Stress tests did not reveal near-term stability concerns, suggesting the banking system is likely to be resilient to adverse shocks. Australia’s financial supervisory structure of prudential authority and market conduct authority is sound overall. The medium-term challenges facing the banking sector are opportunities for growth and pressure on profitability.
Subjects
free text keywords: Financial system stability assessment;Australia;Bank supervision;Securities regulations;Payment systems;Insurance regulations;Standards and codes;banking, prudential regulation, banking supervision, banking system
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publication . Preprint . Article . 2006

Australia; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, Securities Regulation, and Payment Systems

null International Monetary Fund;