Regulation of Financial Markets (HSC SSCE Economics): Flashcards
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3 consequences of financial market instability
3 consequences of financial market instability
Lose savings, bankruptcy, reduced economic growth
4 Australian bodies regulating financial system
4 Australian bodies regulating financial system
RBA, APRA, ASIC, Treasury
BIS role in financial markets
BIS role in financial markets
Promotes financial stability through appropriate regulations
Basel Committee's objective
Basel Committee's objective
Sets standards for banking regulations globally
IMF's primary oversight role
IMF's primary oversight role
General stability of international financial system
RBA's most important ongoing responsibility
RBA's most important ongoing responsibility
Conducting monetary policy
Bank deposit guarantee (per person per bank)
Bank deposit guarantee (per person per bank)
AUD 250,000
APRA's regulatory focus
APRA's regulatory focus
Prudential regulation of ADIs (banks, credit unions, etc.)
ASIC's primary aim
ASIC's primary aim
Protect investors & consumers, improve financial system
GFC origin (where and when)
GFC origin (where and when)
Mid-2000s United States