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

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International Monetary Fund;
  • Subject: Financial system stability assessment;Australia;Bank supervision;Securities regulations;Payment systems;Insurance regulations;Standards and codes;banking, prudential regulation, banking supervision, banking system

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 conce... View more
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