LEADER 05804oam 22012014 450 001 9910779591803321 005 20230802005940.0 010 $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(IMF)1AUSEE2012004 035 $a(IMF)1AUSEA2012004 035 $a(EXLCZ)992550000001003743 100 $a20020129d2012 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aAustralia : $eFinancial Safety Net and Crisis Management Framework?Technical Note 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2012. 215 $a1 online resource (48 p.) 225 1 $aIMF Staff Country Reports 225 0$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 3 $aAustralia has a history of few bank failures, even fewer financial crises, and its banking sector emerged from the global financial crisis relatively well.1 With an eye toward international developments, the Australian authorities have taken commendable steps to strengthen the financial safety net and crisis management framework over the last several years. The Government?s well-coordinated response to the global financial crisis included adopting significant legislative changes in October 2008 to put in place guarantee arrangements for retail deposits, among other enhancements to the financial safety net and crisis management framework. Further improvements were made in June 2010 and the Government is currently pursuing additional legislative changes. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2012/310 606 $aCrisis management$zAustralia 606 $aBanks and banking$zAustralia 606 $aBanks and Banking$2imf 606 $aFinance: General$2imf 606 $aFinancial Risk Management$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aGeneral Financial Markets: Government Policy and Regulation$2imf 606 $aFinancial Institutions and Services: Government Policy and Regulation$2imf 606 $aCrisis Management$2imf 606 $aBanking$2imf 606 $aEconomic & financial crises & disasters$2imf 606 $aFinance$2imf 606 $aCommercial banks$2imf 606 $aFinancial sector stability$2imf 606 $aDeposit insurance$2imf 606 $aCrisis management$2imf 606 $aFinancial crises$2imf 606 $aFinancial institutions$2imf 606 $aCrisis resolution$2imf 606 $aFinancial sector policy and analysis$2imf 606 $aCrisis management framework$2imf 606 $aBanks and banking$2imf 606 $aFinancial services industry$2imf 607 $aAustralia$2imf 615 0$aCrisis management 615 0$aBanks and banking 615 7$aBanks and Banking 615 7$aFinance: General 615 7$aFinancial Risk Management 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aGeneral Financial Markets: Government Policy and Regulation 615 7$aFinancial Institutions and Services: Government Policy and Regulation 615 7$aCrisis Management 615 7$aBanking 615 7$aEconomic & financial crises & disasters 615 7$aFinance 615 7$aCommercial banks 615 7$aFinancial sector stability 615 7$aDeposit insurance 615 7$aCrisis management 615 7$aFinancial crises 615 7$aFinancial institutions 615 7$aCrisis resolution 615 7$aFinancial sector policy and analysis 615 7$aCrisis management framework 615 7$aBanks and banking 615 7$aFinancial services industry 712 02$aInternational Monetary Fund.$bMonetary and Capital Markets Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910779591803321 996 $aAustralia$9210117 997 $aUNINA