Discuss how financial markets in Australia are regulated.

monetary markets today play a signifi plundert role in the Australia economy. pecuniary market is a post where various pecuniary instruments such as securities and bonds ar traded. Like new(prenominal) tralatitious markets, pecuniary markets provide a place for people who hold digest excess notes and people who obtain the need for these funds to forgather and trade. Exchange of funds is do through monetary intermediaries. Financial intermediaries atomic number 18 firms that receive the stack away funds of individuals or firms, which can then be bestow out to other firms or individuals who can make purpose of them. Such pecuniary intermediaries let in both banks which form the studyity and other non-bank pecuniary intermediaries (NBFIs). Since the 1980s, Australian fiscal markets have undergone dickens major changes in late(a) decades. The first change is make during the mid 1980s, which is the de principle of the financial markets. This is done in rules of exhibition to summation the cogency of the markets by removing government controls and exposing the industry to great influence from the municipal and planetary markets forces, thus, increase the competitiveness of the Australian financial markets. However, due to the slashing natural of financial markets, circumspection and care is ask in trading various financial instruments.

As a result, during the late 1990s, an overhaul of financial regulation had been done to still increase the efficiency of the system by responding to changes to financial markets that have occurred since deregulation. Today, the Financial Services Reform fiddle 2002 oversees the entire financial markets in Australia. Under this Act, there are now leash major regulators in the markets, the Reserve trust of Australia (RBA); the Australian prudential rule Authority (APRA) and the Australian Securities and enthronement Commission (ASIC). One of the nigh eventful regulators in the financial markets is the RBA. collectable to the fact that it is Australias... If you deprivation to rile a full essay, order it on our website: Ordercustompaper.com

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