Reserve Bank of Australia Annual Report 2011

More documents

Recommendations

Info

34 Reserve bank of Australia
International Financial Co-operation The Reserve Bank actively participates in work aimed at improving the global financial architecture and addressing the ongoing challenges facing the global economy. It does so through its membership of global and regional fora and its close bilateral relationships with other central banks. Group of Twenty (G-20) The G-20 continues to play a prominent role in co-ordinating international efforts to address global economic and regulatory issues. G-20 leaders met in Seoul in November 2010, and the ongoing work of the G-20 continues to be overseen by G-20 finance ministers and central bank governors and their deputies. At the Seoul Summit, G-20 leaders released the ‘Seoul Action Plan’ outlining policy commitments by G-20 members as part of the ‘Framework for Strong, Sustainable and Balanced Growth’. The Framework initiative, which was launched at the Pittsburgh Summit in September 2009, provides a mechanism for countries collectively to assess the consistency of their policies with a durable global economic recovery. A recent focus of the Framework exercise has been members’ external positions, and finance ministers and central bank governors announced at their April 2011 meeting that they had agreed on a set of guidelines to assist in identifying ‘persistent imbalances’ that may require policy actions. It is intended that a more detailed assessment of the nature and causes of such imbalances will inform the 2011 ‘Action Plan’, which is due to be discussed by leaders at their Summit in Cannes in November. The Reserve Bank and the Australian Treasury are members of a working group that is guiding the Framework exercise. In Seoul, G-20 leaders also endorsed measures to strengthen international financial regulatory arrangements, including new bank capital and liquidity standards. Ongoing work on other regulatory issues such as regulation of shadow banking remains a priority for the G-20. Another priority for the G‐20 has been to ensure that the international financial institutions, including the International Monetary Fund (IMF), have appropriate resources and governance arrangements. As discussed below, there were some significant reforms in this regard over the past year. Two additional areas of focus for the G-20 to which the Reserve Bank is contributing are reform of the international monetary system and issues pertaining to commodity prices. On the former, the Bank is represented on a working group that is considering issues regarding the management of global liquidity and capital flows, including the composition of the Special Drawing Right (SDR), financial safety nets, the development of local currency capital markets, and members’ experiences with managing capital flows. On commodity prices, the Bank is represented on a G-20 study team that has been analysing the main determinants of commodity prices, and on an experts’ group on fossil fuel price volatility. The Australian Treasury is also participating in each of these groups. Financial Stability Board (FSB) The FSB has an ongoing role in assessing vulnerabilities in the global financial system, as well as co-ordinating the reform of the financial system architecture to minimise the probability and severity of future financial crises. The FSB has a broad membership, including representatives from 24 economies (including all of the G-20 ANNUAL REPORT 2011 | International Financial Co-operation 35
Page 1: RESERVE BANK OF AUSTRALIA ANNUAL RE
Page 4 and 5: © Reserve Bank of Australia 2011.
Page 6 and 7: The banking and payments group cont
Page 8 and 9: 4 Reserve bank of Australia
Page 10 and 11: Audit Committee The objectives of t
Page 12 and 13: Roger Corbett AO Member since 2 Dec
Page 16 and 17: Committee’s questioning of the Ba
Page 18 and 19: The Reserve Bank hosts regular conf
Page 20 and 21: Reserve Bank Balance Sheet $ billio
Page 22 and 23: Days 120 100 80 60 40 20 0 Australi
Page 24 and 25: sovereign debt crisis in Europe and
Page 28 and 29: M 250 200 150 100 50 by other users
Page 30 and 31: about 10 per cent less than in 2007
Page 34 and 35: % Value of Banknotes on Issue Per c
Page 36 and 37: ppm 20 15 10 5 0 04/05 Source: RBA
Page 40 and 41: countries), the main international
Page 42 and 43: appropriate fee; the committed amou
Page 44 and 45: Economic activity in most EMEAP eco
Page 48 and 49: Staff in the State Offices also pla
Page 50 and 51: The Reserve Bank continued to provi
Page 54 and 55: No 50 40 30 20 10 counterfeit exami
Page 56 and 57: expected to reduce energy and water
Page 58 and 59: 4 3 2 1 0 and Securency Internation
Page 60 and 61: 40 20 Credit Exposure Per cent of b
Page 62 and 63: lost. The centrepiece of these arra
Page 64 and 65: The Reserve Bank follows commercial
Page 66 and 67: 62 Reserve bank of Australia Underl
Page 68 and 69: The Reserve Bank is committed to th
Page 74 and 75: Balance Sheet - As at 30 June 2011
Page 76 and 77: Statement of Distribution - For the
Page 78 and 79: Cash Flow Statement - For the year
Page 80 and 81: Notes to and Forming Part of the Fi
Page 82 and 83: Interest on fixed coupon securities
Page 84 and 85: Sell repurchase agreements Securiti
Page 86 and 87: Balances of asset revaluation reser
Page 88 and 89:
Note 2 - Net Profits Interest reven
Page 90 and 91:
Note 4 - Interest Revenue and Inter
Page 92 and 93:
Note 6 - Cash and Cash Equivalents
Page 94 and 95:
Note 10 - Other Liabilities Provisi
Page 96 and 97:
As at 30 June 2011 and 30 June 2010
Page 98 and 99:
Accounting Valuation For financial
Page 100 and 101:
Note 14 - Superannuation Funds (Con
Page 102 and 103:
Market Risk Market risk is the risk
Page 104 and 105:
Credit Risk Credit risk is the pote
Page 106 and 107:
Liquidity Risk Liquidity risk is th
Page 108 and 109:
Maturity Analysis - As at 30 June 2
Page 110 and 111:
As at 30 June 2011 One $M Level Two
Page 112 and 113:
Auditor-General for Australia Austr
Page 114 and 115:
110 Reserve bank of Australia
Page 116 and 117:
Organisational Chart August 2011 Re
Page 118 and 119:
Banking and Payments Group Assistan
Page 120:
Glossary ACC Asian Consultative Cou
show all

Reserve Bank of Australia Annual Report 2011

Create successful ePaper yourself

Delete template?

Save as template?