CHECK THESE SAMPLES OF The Basel Committee On Banking Supervision Released Its New Set Of Prudential Standards
(Commonwealth Bank, 2009)
History & Development of the APRA
APRA, the Australian Prudential Regulation Authority, is responsible for the regulation of prudential entities such as deposit institutions, insurance companies, and superannuation funds.... The Wallis Committee recommended a system of three regulatory agencies: the RBA, charged with managing the monetary and payments system; an Australian prudential Regulatory Commission to oversee prudential regulation; and a Corporate and Financial Services Commission to regulate corporations and markets....
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Case Study
he four largest banks within the Australian banking system are ANZ banking Group, Commonwealth Bank of Australia, National Australian Bank, and Westpac banking Corporation (Adadevoh, 2010).... On the other hand, there are 39 foreign-owned banks operating in Australia which collectively account for 20 percent of domestic banking system assets.... However, the rapid growth in the number of banks and the expansion of banking activities is associated with the numerous conversions of building societies into banks....
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The three sets of actions considered as important guidelines to implement the current Basel III and other regulations include improved capital and liquidity management, restructuring of the balance sheet, and the capability to adjust business-models (basel committee on banking supervision 2010)....
On September 2010, the basel committee for Banking Supervision (BCBS) approved the annexe that it had previously issued, specifying more on the details for capital requirements....
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Case Study
Following the collapse of financial institutions, the basel committee on banking supervision was formed in 2008 to propose some of the recommendations that could be used to help sort out the financial crisis.... the basel committee on banking supervision (BCBS), at the end of 2009, provided various guidelines and proposals that that will be used to the bank resilience.... By the end of September 2010, a good number of proposals had been agreed on (basel committee on banking supervision....
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Case Study
APRA has continuously reviewed its framework by keeping it up to date, on the changes made by the basel committee to maintain and enable the banking system to adapt to the changes in the market, therefore, minimizing risk which increases confidentiality to the depositors and fund members in the country's financial institutions.... Australian prudential regulatory authority is an institution, whose role is to ensure that the financial institutions are safe and stable this is done for the purpose of ensuring that, the interest of depositors, policyholders for example reserve bank of Australia and fund members are met....
8 Pages
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Case Study
Achieving this has been made possible through promulgation and formulation of prudential practice and policy that are to be observed by the institutions being regulated.... These measures have an effect on the laws being administered by the regulatory authority and comply with the standards that are issued under the laws.... Banks tightened lending standards and this led to a weakened global economy since credit was more expensive.... This paper shall outline and explain the Australian prudential regulation framework....
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nbsp;On July 26, 2010, the Group of Governors and Heads of Supervision (Governors), the supervision group of the basel committee on banking supervision (Committee) (BCBS), pronounced 'wide-ranging agreement'.... nbsp;On July 26, 2010, the Group of Governors and Heads of Supervision (Governors), the supervision group of the basel committee on banking supervision (Committee) (BCBS), pronounced 'wide-ranging agreement' on the ultimate stipulations of the Committee's extensive 'Base III' package of wealth and liquidity transformations projected in December 2009....
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Coursework
Following the consultation process in the first half of 2010 as well as the wide-spreading testing (QIS 6), several vital changes were agreed and these were announced on 26 July 2010 by the basel committee's (BCBS's) main group of 27 central bank Governors and Heads of Supervision, which approved a seven-page summary of decisions taken at the BCBS's meeting in mid-July.... the basel committee reforms (the Basel III key elements) deal with these weaknesses both through micro-prudential and macro-prudential measures (Al-Darwish, et al....
7 Pages
(1750 words)
Case Study