01875cas a2200241 a 4500 AALejournalIMF013194 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475540093 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Australia : Basel Core Principles for Effective Banking Supervision-Detailed Assessment of Observance. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (157 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 Australia has a very high level of compliance with the Basel Core Principles for Effective Banking Supervision (BCPs). The Australian banking system was more sheltered than a number of other countries and weathered the Global Financial Crisis relatively well. This was in part due to relative concentration of the system on a well performing domestic economy, but also due to a material contribution from a well-developed regulatory and supervisory structure. Notable strengths of the Australian supervisory approach rest in its strong risk analysis and on the focus of the responsibility of the Board. The Australian banking system however, is still vulnerable to continuing aftershocks of the financial crisis not least as banks? funding profiles could be a conduit of instability. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2012/313 Full text available on IMF http://elibrary.imf.org/view/journals/002/2012/313/002.2012.issue-313-en.xml IMF e-Library