02275cas a2200241 a 4500 AALejournalIMF019087 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484398982 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Australia : Financial Sector Assessment Program-Detailed Assessment of Observance-Basel Core Principles For Effective Banking Supervision. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (281 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 This Detailed Assessment of Observance report specifies Base Core Principles (BCP) for effective banking supervision in Australia. An assessment of the effectiveness of banking supervision requires a review of the legal framework, and a detailed examination of the policies and practices of the institution(s) responsible for banking regulation and supervision. In line with the BCP methodology, the assessment focused on banking supervision and regulation in Australia and did not cover the specificities of regulation and supervision of other financial institutions. The assessment has made use of five categories to determine compliance: compliant; largely compliant, materially noncompliant, noncompliant, and non-applicable. The report insists that Australian Prudential Regulation Authority (APRA) should put more focus on assessing the various components of firms' Internal Capital Adequacy Assessment Process and other firm-wide stress testing practices. A periodic more comprehensive assessment of banks' risk management and governance frameworks will further enhance APRA's supervisory approach. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/053 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/053/002.2019.issue-053-en.xml IMF e-Library