01787cas a2200241 a 4500 AALejournalIMF004552 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451802092 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Australia : Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics; Banking Supervision, Insurance Regulation, Securities Regulation, and Payment Systems. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (60 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The Australian banking system, which holds approximately half of total financial systems assets, and is dominated by four major banks, is sound with high earnings, high asset growth, and low levels of problem assets. Stress tests did not reveal near-term stability concerns, suggesting the banking system is likely to be resilient to adverse shocks. Australia's financial supervisory structure of prudential authority and market conduct authority is sound overall. The medium-term challenges facing the banking sector are opportunities for growth and pressure on profitability. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2006/372 Full text available on IMF http://elibrary.imf.org/view/journals/002/2006/372/002.2006.issue-372-en.xml IMF e-Library