05844oam 22012254 450 991081060720332120240402045825.01-4755-8232-31-4755-6305-11-283-94778-1(CKB)2550000001003743(EBL)1607071(SSID)ssj0000941524(PQKBManifestationID)11586509(PQKBTitleCode)TC0000941524(PQKBWorkID)10963750(PQKB)11745374(MiAaPQ)EBC1607071(Au-PeEL)EBL1607071(CaPaEBR)ebr10644325(CaONFJC)MIL426028(OCoLC)870245088(IMF)1AUSEE2012004(IMF)1AUSEA2012004(EXLCZ)99255000000100374320020129d2012 uf 0engur|n|---|||||txtccrAustralia : Financial Safety Net and Crisis Management Framework—Technical Note1st ed.Washington, D.C. :International Monetary Fund,2012.1 online resource (48 p.)IMF Staff Country ReportsIMF country report ;no. 12/310"November 2012."At head of title : Financial Sector Assessment Program update.1-4755-7622-6 1-4755-8731-7 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-UpD. 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 RequirementsAustralia 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 financial safety net and crisis management framework. Further improvements were made in June 2010 and the Government is currently pursuing additional legislative changes.IMF Staff Country Reports; Country Report ;No. 2012/310Crisis managementAustraliaBanks and bankingAustraliaBanks and BankingimfFinance: GeneralimfFinancial Risk ManagementimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfGeneral Financial Markets: Government Policy and RegulationimfFinancial Institutions and Services: Government Policy and RegulationimfCrisis ManagementimfBankingimfEconomic & financial crises & disastersimfFinanceimfCommercial banksimfFinancial sector stabilityimfDeposit insuranceimfCrisis managementimfFinancial crisesimfFinancial institutionsimfCrisis resolutionimfFinancial sector policy and analysisimfCrisis management frameworkimfBanks and bankingimfFinancial services industryimfAustraliaimfCrisis managementBanks and bankingBanks and BankingFinance: GeneralFinancial Risk ManagementBanksDepository InstitutionsMicro Finance InstitutionsMortgagesGeneral Financial Markets: Government Policy and RegulationFinancial Institutions and Services: Government Policy and RegulationCrisis ManagementBankingEconomic & financial crises & disastersFinanceCommercial banksFinancial sector stabilityDeposit insuranceCrisis managementFinancial crisesFinancial institutionsCrisis resolutionFinancial sector policy and analysisCrisis management frameworkBanks and bankingFinancial services industry332International Monetary Fund.Monetary and Capital Markets Dept.DcWaIMFBOOK9910810607203321Australia210117UNINA