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Cover -- CONTENTS -- Glossary -- EXECUTIVE SUMMARY -- INTRODUCTION -- DESCRIPTION OF FINANCIAL MARKET INFRASTRUCTURES IN AUSTRALIA -- A. Overview of Financial Market Infrastructures -- B. Overview of the Supervisory, Oversight, and Resolution Framework -- C. Recent Developments -- ANALYSIS OF SELECTED ISSUES -- A. Supervision and Oversight of FMIs -- B. Resolution Planning and Central Bank Liquidity Support -- C. Selected Issues on ASX Clear -- BOX -- 1. Supervision and Oversight of Cyber Risks and New Technologies -- FIGURE -- 1. FMI Landscape in Australia -- TABLES -- 1. Recommendations for FMI Supervision, Oversight, and Resolution -- 2. Financial Resources of CCPs, 2017 Average -- ANNEXES -- I. FSAP 2006 Recommendations and Follow-Up -- II. CPMI-IOSCO Implementation Monitoring Assessment Results for Australia -- III. FMI Statistics -- IV. Governance of FMIs within the RBA -- V. Main Acts and Regulations for FMIs in Australia.

Intro -- Australia: Monarchy, Nature and Beyond -- About the Author -- Copyright Information © -- Introduction -- Our Monarchy System -- Understanding How and Why Our Monarchy System Works -- The Credentials of the Monarchy -- The Mystique of Our System-Ownership -- Reserve Rights - Empowering the People -- A Brief History -- Conventions - The People's Emotional Capital -- Evolution Change but Not as We Know It -- Head of State -- Who Should Be Our Governor-General? -- Importing a Monarch for Australia -- Succession -- Paul Keating Guilty by Association -- Hereditary Conditioning -- Politicians -- Religion -- An Abstract Ideology -- Comment and Summary -- Appointing Our Governor-General -- An Independent Speaker for Parliament -- Suggestion -- Appointing Judges -- The Dismissal -- The Party System Is the Party Over? -- Final Summary and Comment.

This report on Australia contains a survey of the main barriers to employment for young people, an assessment of the adequacy and effectiveness of existing measures to improve the transition from school-to-work, as well as a set of policy recommendations for further action.--Publisher's description

Analyzes election results and cabinet changes in Australia during 2004. Tables, References.

KEY ISSUESContext. With GDP growth below trend and the investment phase of the mining boom having passed its peak and beginning to decline, a key issue is how Australia can manage the mining-production/export phase and encourage broader-based growth. The main external risks include a slowdown in China over the medium term and surges in global financial market volatility. The pickup in housing market activity, though welcome to date, could pose a future risk if prices accelerate and lead to overshooting.Near-term macroeconomic policy mix. With the exchange rate still moderately overvalued and w

Cover -- CONTENTS -- Glossary -- EXECUTIVE SUMMARY -- INTRODUCTION -- INSTITUTIONAL AND LEGAL FRAMEWORK -- CRISIS PREPAREDNESS -- A. Early Supervisory Intervention -- B. Recovery and Resolution Planning -- C. Liquidity Support -- RESOLUTION REGIME -- A. Resolution Tools -- B. Resolution Safeguards -- C. Resolution of Foreign ADIs (Foreign Branches) -- SYSTEMIC CRISIS MANAGEMENT AND RESOLUTION FUNDING -- DEPOSIT INSURANCE (FINANCIAL CLAIMS SCHEME) -- CROSS-BORDER COORDINATION -- TABLE -- 1. Recommendations on Bank Resolution and Crisis Management -- ANNEX -- I. Status of Recommendations from the 2012 FSAP.

Cover -- CONTENTS -- Glossary -- EXECUTIVE SUMMARY -- INTRODUCTION -- A. Scope and Approach -- B. 2012 FSAP Recommendations and Implementation -- C. Market Structure, Insurance Products, and Industry Performance -- INSTITUTIONAL SETTING -- A. Supervisory Responsibilities, Objectives, and Powers -- MAIN FINDINGS -- A. Independence and Resources -- B. Solvency Requirements -- C. Macroprudential Regulation and Surveillance -- D. Market Conduct -- BOXES -- 1. Enhancement of ASIC Capability -- 2. Interlinkage Between Insurers and Other Financial Sectors -- 3. APRA Stress Tests -- 4. Horizontal Reviews and Ad-hoc Industry-wide Survey -- 5. ASIC Initiatives on Fintech -- FIGURES -- 1. Size of Insurance Sector -- 2. Profitability and Solvency of Life Insurers -- 3. Trend of Asset Allocation of Life Insurers -- TABLE -- 1. Recommendations on Insurance Regulation and Supervision.

Cover -- CONTENTS -- Glossary -- EXECUTIVE SUMMARY -- INTRODUCTION -- A. Financial System Landscape -- B. Scope of the Financial Stability Analysis -- C. Overview of Systemic Risk -- BANK SOLVENCY STRESS TESTS -- A. Key Risks and Vulnerabilities -- B. Scenarios Underpinning the Financial Stability Analysis -- C. Methodology of the Solvency Stress Tests -- D. NPL Projections -- E. Stress Test Results -- F. Interest Rate Sensitivity Analysis -- G. Spread Sensitivity Analysis -- H. Concentration Risk -- BANK LIQUIDITY STRESS TESTS -- A. Overview -- B. Methodology -- C. Results -- INTERCONNECTEDNESS AND CONTAGION ANALYSIS -- A. Inter-Sector Financial Linkages -- B. Methodologies -- C. Results -- CORPORATE SECTOR ANALYSIS -- A. Recent Developments -- B. Key Vulnerabilities and Risks -- C. Sensitivity Analysis -- POLICY RECOMMENDATIONS -- References -- FIGURES -- 1. Macroeconomic and Financial Market Conditions -- 2. Banking Sector Detail, 2017 -- 3. Financial Soundness Indicators, 2017 Q4 -- 4. Spillover Risks from the Four Major Australian Banks -- 5. Banks' Consolidated Cross-Border Claims -- 6. Stress Test Scenarios - Baseline and Adverse -- 7. Funding Cost Shocks - Systemic Component -- 8. Funding Composition of Banks - December 2017 -- 9. Final Funding Shocks -- 10. Mortgage NPL Ratios: National vs. Regional Experience -- 12. Stress Test Results - Major Drivers of Change in Capital Levels -- 13. Credit Concentration Risk -- 14. Maturity Structure of Cumulative Cash Flows - Largest Five Banks -- 15. Maturity Structure of Cumulative Cash Flows - Mid-sized Banks -- 16. LCR Baseline Regulatory Parameters -- 17. LCR Scenario Analysis -- 18. LCR Scenario Analysis - Major vs. Mid-sized Banks -- 19. Cash Inflows and Outflows - System Average -- 20. Domestic Interconnectedness - National Accounts -- 21. International Interconnectedness.

Cover -- CONTENTS -- Glossary -- EXECUTIVE SUMMARY -- BACKGROUND AND VULNERABILITIES -- A. Macrofinancial Setting -- B. Key Risks -- C. Banking Environment -- D. Nonbank Financial Intermediaries -- E. Household Sector -- F. Corporate Sector -- G. Recent Developments -- FINANCIAL SECTOR RESILIENCE -- A. Credit Risks -- B. Liquidity Risks -- C. Contagion Risks -- FINANCIAL STABILITY POLICY -- A. Oversight Framework -- B. Macroprudential Policy and Tools -- C. Banking Supervision -- D. Insurance Supervision -- E. Financial Market Infrastructures -- F. AML / CFT -- CRISIS MANAGEMENT AND FINANCIAL SAFETY NETS -- FIGURES -- 1. Macrofinancial Cycle and Vulnerability -- 2. Financial System Structure -- 3. Banks' Consolidated Cross-Border Claims -- 4. Nonbank Credit -- 5. Corporate Sector Debt-At-Risk -- 6. Solvency Stress Test Results - Major Drivers of Change in Capital Levels -- 7. Banks Under Liquidity Risk Scenarios -- 8. Maturity Structure of Banks' Cumulative Cashflows -- 9. Australian Banks' Linkages with G-SIBs -- 10. Cross-border Linkages and Vulnerabilities -- 11. Landscape of Financial Market Infrastructures -- 12. Indicators of Macroeconomic and Financial Market Conditions -- 13. Financial Soundness Indicators, 2017 Q4 -- 14. Comparison of Financial Soundness Indicators, 2017 Q4. -- 15. Banking Sector Detail, 2017 -- 16. Real Estate Market Developments -- 17. Household Sector -- 18. Nonfinancial Corporate Sector -- TABLES -- 1. FSAP Key Recommendations -- 2. Solvency Stress Test Results -- 3. Risk Assessment Matrix -- 4. Selected Economic Indicators, 2014-24 -- 5. Structure of the Financial System, 2017 -- 6. Financial Soundness Indicators for the Banking Sector -- 7.Status of Key Recommendations of the 2012 FSAP -- APPENDICES -- I. Banking Sector Stress Testing Matrix (STeM) -- II. Key Macroprudential Policy Measures, 2014-18.

Opt-out class actions exist in the Federal Court and in Victoria, but not other states, supported by liberal funding and cost regimes. [Reprinted by permission of Sage Publications Inc., copyright The American Academy of Political and Social Science.]