Saturday, September 28, 2013

Financial regulators of australia and all about interest rates

Reserve Bank of Australia - overall pecuniary administration stability         Objectives of RBA: stability of Australias parsimoniousness (prevention of fall of a financial system that could cause a substantial reduction of frugal activity), keep of full trading and stinting prosperity/welfare of Australians          true to life(predicate) focus: halt low inflation         Functions of RBA:                  Stability of stintingal system - provides guidelines for APRA to foster the financial systems stability         Control of notes - controls the amount of currency printed, varying fit to community demands          rule of payments system - ensures stability/efficiency in payment methods (electronic cash, travellers cheques, stored cling to cards etc.) conducted by Payments Systems Board         Banker to banks - it holds banks exchange firmness of patt ern accounts ( employ to settle debts between banks). It is also a banker in the unity that it is used to buy/sell govt. securities to financial institutions, known as open grocery operations.         Holds reserve of foreign currency/ metal(prenominal) - used to make international payments and in the FOREX market         Government banker and economic advisor for the government - govt. lodges excess funds and obtains funds (through exchequer bills) in RBA and raises short term and long term loans (pays stimulate on these). The RBAs assessments on the state of the economy influence the governments economic policy.         Conducting the Monetary Policy - the monetary policy: when the RBA influences interest value resulting in economic growth and activity as tumesce as low inflation.
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Australian Prudential Regulation say-so - prudent supervision of banks and superannuation funds         Role of APRA: to forge financial institutions (authorised deposit-taking institutions) e.g. banks, deferred payment unions         Functions of APRA:         Ensuring institutions meet their obligations         A recovery subroutine for those who dont/cant Australian Securities and Investments Commission - market integrity and consumer protection of the financial system         Role and Functions of ASIC:         To protect consumers         Monitoring, investigate and prosecuting in... If you want to irritate a full essay, order it on our website: OrderEssay.net

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