Financial regulators of australia and all about interest rates

Reserve Bank of Australia - overall pecuniary scheme stability         Objectives of RBA: stability of Australias parsimoniousness (prevention of fall of a pecuniary system that could cause a substantial reduction of frugal activity), fear of full trading and stinting prosperity/welfare of Australians          possible focus: halt low inflation         Functions of RBA:                  Stability of frugal system - provides guidelines for APRA to foster the financial systems stability         Control of gold - controls the amount of currency printed, varying fit to community demands          principle of payments system - ensures stability/efficiency in payment methods (electronic cash, travellers cheques, stored tax cards etc.) conducted by Payments Systems Board         Banker to banks - it holds banks exchange firmness of procedure accounts (use to settle debts between banks). It is also a banker in the sense 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 stintingal advisor for the government - govt. lodges excess funds and obtains funds (through treasury bills) in RBA and raises short term and long term loans (pays leaven 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 prise resulting in economic growth and activity as tumesce as low inflation.

Australian Prudential Regulation bureau - prudent supervision of banks and superannuation funds         Role of APRA: to stick financial institutions (authorised deposit-taking institutions) e.g. banks, deferred payment unions         Functions of APRA:         Ensuring institutions meet their obligations         A recovery function 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 pop a full essay, order it on our website: OrderCustomPape r.com

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