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Australia [financial safety...
Australia has a history of few bank failures, even fewer financial crises, and its banking sector emerged from the global financial crisis relatively well.1 With an eye toward international developments, the Australian authorities have taken commendable steps to strengthen the financial safety net and crisis management framework over the last several years. The Government's well-coordinated response to the global financial crisis included adopting significant legislative changes in October 2008 to put in place guarantee arrangements for retail deposits, among other enhancements to the financi
Monografía
monografia Rebiun19680628 https://catalogo.rebiun.org/rebiun/record/Rebiun19680628 m o d | cr -n--------- 130125s2012 dcu o 000 0 eng d 1-4755-8232-3 1-4755-6305-1 1-283-94778-1 UPVA 997916855303706 UAM 991008076522104211 CBUC 991001016030906712 CBUC 991010496799306709 CBUC 991013358383406708 CBUC 991010496799306709 MiAaPQ MiAaPQ MiAaPQ eng Fund, International Monetary Fondo Monetario Internacional Corporate Author Australia electronic resource] financial safety net and crisis management framework - technical note Washington, D.C. International Monetary Fund, Monetary and Capital Markets Dept., Legal Dept. 2012 Washington, D.C. Washington, D.C. International Monetary Fund, Monetary and Capital Markets Dept., Legal Dept. 1 online resource (48 p.) 1 online resource (48 p.) Text txt computer c online resource cr IMF country report no. 12/310 IMF Staff Country Reports Description based upon print version of record Cover; Contents; Glossary; I. Executive Summary; Table; 1. Summary of Recommendations; II. Introduction; III. Institutional Arrangements, Coordination, and Preparedness; A. Domestic Inter-Agency Coordination and Information Sharing; B. Cross-Border Coordination and Information Sharing; C. Crisis Preparedness; IV. Early Intervention of Problem ADIs; A. Liquidity Assistance; B. Corrective Measures for Problem ADIs; V. Resolution of Non-Systemic ADIs; Box; 1. Examples of APRA's Directions Powers; A. Resolution Under Private Control; B. Statutory Management; C. Winding-Up D. The Financial Claims SchemeVI. Crisis Management and Resolution of Systemically Important Banks; A. Developing Credible Contingency Plans; B. Private Sector Involvement/Burden Sharing; C. Official Financial Support; VII. Cross-Border Resolution and Crisis Management; Annexes; I. Status of Recommendations from the 2006 FSAP; II. Challenges to Decisions Taken by APRA; III. An Informal Comparison of Australia's FCS to the Deposit Insurance Core Principles; IV. United Kingdom and United States-Summary of RRP Requirements Australia has a history of few bank failures, even fewer financial crises, and its banking sector emerged from the global financial crisis relatively well.1 With an eye toward international developments, the Australian authorities have taken commendable steps to strengthen the financial safety net and crisis management framework over the last several years. The Government's well-coordinated response to the global financial crisis included adopting significant legislative changes in October 2008 to put in place guarantee arrangements for retail deposits, among other enhancements to the financi English Crisis management- Australia Banks and banking- Australia Electronic books International Monetary Fund Contributor Fondo Monetario Internacional. Monetary and Capital Markets Dept 1-4755-7622-6 1-4755-8731-7 IMF Staff Country Reports