LEADER 03560nam 2200613Ia 450 001 9910453120903321 005 20200520144314.0 010 $a1-4755-8232-3 010 $a1-4755-6305-1 010 $a1-283-94778-1 035 $a(CKB)2550000001003743 035 $a(EBL)1607071 035 $a(SSID)ssj0000941524 035 $a(PQKBManifestationID)11586509 035 $a(PQKBTitleCode)TC0000941524 035 $a(PQKBWorkID)10963750 035 $a(PQKB)11745374 035 $a(MiAaPQ)EBC1607071 035 $a(Au-PeEL)EBL1607071 035 $a(CaPaEBR)ebr10644325 035 $a(CaONFJC)MIL426028 035 $a(OCoLC)870245088 035 $a(EXLCZ)992550000001003743 100 $a20130125d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aAustralia$b[electronic resource] $efinancial safety net and crisis management framework - technical note 210 $aWashington, D.C. $cInternational Monetary Fund, Monetary and Capital Markets Dept., Legal Dept.$d2012 215 $a1 online resource (48 p.) 225 0$aIMF country report ;$vno. 12/310 300 $a"November 2012." 300 $aAt head of title : Financial Sector Assessment Program update. 311 $a1-4755-7622-6 311 $a1-4755-8731-7 327 $aCover; 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 327 $aD. 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 330 $aAustralia has a history of few bank failures, even fewer financial crises, and its banking sector emerged from the global financial crisis relatively well.1 With an eye toward international developments, the Australian authorities have taken commendable steps to strengthen the financial safety net and crisis management framework over the last several years. The Government's well-coordinated response to the global financial crisis included adopting significant legislative changes in October 2008 to put in place guarantee arrangements for retail deposits, among other enhancements to the financi 410 0$aIMF Staff Country Reports 606 $aCrisis management$zAustralia 606 $aBanks and banking$zAustralia 608 $aElectronic books. 615 0$aCrisis management 615 0$aBanks and banking 712 02$aInternational Monetary Fund.$bMonetary and Capital Markets Dept. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910453120903321 996 $aAustralia$9210117 997 $aUNINA