Introduction
Introduction

Financial Supervisons in Other Countries

Austraila

Australian Prudential Regulation Authority, APRA

  • http://www.apra.gov.au
  • The Australian Prudential Regulation Authority (APRA) was established in 1998 under the Australian Prudential Authority Act. APRA's mission is to establish and enforce prudential standards and practices designed to enhance financial soundness and to provide a level playing field.

Australian Securities and Investments Commission

  • http://www.asic.gov.au
  • The Australian Securities and Investments Commission (ASIC) enforces and regulates company and financial services laws to protect consumers, investors and creditors. ASIC was founded in 1998 propelled by the revamp of the financial system.

Reserve Bank of Australia (RBA)

  • http://www.rba.gov.au
  • In 1911, legislation established the Commonwealth Bank of Australia. In 1959, the Commonwealth Bank of Australia was preserved as the Reserve Bank of Australia (RBA) in legislation, specifically to carry on the central banking functions. The RBA's main responsibility is monetary policy. Other major roles are maintaining financial system stability and promoting the safety and efficiency of the payments system