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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

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 -- CONTEXT: THE LONG BOOM WINDS DOWN -- OUTLOOK AND RISKS: NEGOTIATING A DIFFICULT TRANSITION -- A. Outlook: A cyclical pick up -- but weaker medium-term prospects -- B. Risks Skewed Downwards: Payoffs from Active Policies -- POLICIES TO RE-ENERGIZE GROWTH -- A. Sustaining Aggregate Demand Through The Resource Cycle Transition -- B. Lifting Productivity and Income Growth -- C. Building Resilience -- STAFF APPRAISAL -- BOXES -- 1. Australian Market Reaction to China and Greece Events -- 2. External Sector Assessment -- 3. Are Australian House Prices Overvalued? -- 4. Macro-financial Outlook -- 5. Balance Sheet Risks-Housing and Foreign Borrowing -- 6. Income Growth Likely to Slow -- 7. The Financial System Inquiry -- 8. APRA Stress Tests -- FIGURES -- 1. Following Two Decades of Strong Performance, Growth Has Slowed -- 2. Current Account Improving After End Of Mining Investment Boom -- 3. Financial Cycle Maybe Peaking -- 4. Monetary Policy Faces a Dilemma -- 5. Strong but Deteriorating Public Finances -- 6. Banking System Remains Strong -- 7. Financial Market Indicators: Equity Market Propped up By Financial Sector -- 8. Interconnections and Spillovers -- TABLES -- 1. Main Economic Indicators, 2010-2020 -- 2. Fiscal Accounts, 2009/10-2019/20 -- 3. Balance of Payments, 2010-2020 -- 4. Monetary and Financial Sector, 2013-2020 -- ANNEXES -- I. Risk Assessment Matrix -- II. External Sector assessment -- III. External and Fiscal DSAs -- IV. High-Priority FSAP Recommendations -- CONTENTS -- FUND RELATIONS -- STATISTICAL ISSUES.

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.

Part of the Contemporary Review Series. Contemporary Tourism Reviews will provide you with critical, state-of-the-art surveys of all of the major areas of tourism study to people who are coming to a topic for the first time. Written by leading thinkers and academics in the field they provide flexible, current and topical information as an instant download