Australia: Report on the Observance of Standards and Codes (ROSC)

Australia: Report on the Observance of Standards and Codes (ROSC)—Summary Assessments

November 15, 2012

Preview Citation

Format: Chicago

Australia: Report on the Observance of Standards and Codes (ROSC)—Summary Assessments, (USA: International Monetary Fund, 2012) accessed November 13, 2024

Summary

The main objective of the assessment was to analyze and observe the implementation of the International Organization of Securities Commissions (IOSCO) Principles in Australia. The various responsibilities of the Australian Securities and Investments Commission (ASIC) were highlighted and the flaws identified. It was noted that the ASIC underwent a major structural reorganization and modified its policies as a response to the initial IOSCO assessment conducted in 2006. The Australian legal and regulatory framework for securities markets largely corresponded with the principles of IOSCO.

Subject: Banking, Commercial banks, Financial institutions, Financial regulation and supervision, Financial services, Insurance, Insurance companies

Keywords: Banking system, Commercial banks, Corporate governance, CR, Executive government, Financial system, Global, Hedge fund, Insurance, Insurance companies, ISCR, Pty ltd, Risk management

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/307
Stock No:

1AUSEA2012002
ISBN:

9781475587623
ISSN:

1934-7685

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