Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Housing Finance Housing Finance Institutions And Issues In The Regulation Of Australian Non Bank Financial Intermediaries
Download Housing Finance Housing Finance Institutions And Issues In The Regulation Of Australian Non Bank Financial Intermediaries full books in PDF, epub, and Kindle. Read online Housing Finance Housing Finance Institutions And Issues In The Regulation Of Australian Non Bank Financial Intermediaries ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Housing Finance, Housing Finance Institutions and Issues in the Regulation of Australian Non-bank Financial Intermediaries by : G.L. Cornelius
Download or read book Housing Finance, Housing Finance Institutions and Issues in the Regulation of Australian Non-bank Financial Intermediaries written by G.L. Cornelius and published by . This book was released on 1970 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Australia. Parliament. House of Representatives. Standing Committee on Finance and Public Administration Publisher :Australian Government Publishing Service ISBN 13 : Total Pages :692 pages Book Rating :4.:/5 (318 download)
Book Synopsis A Pocket Full of Change by : Australia. Parliament. House of Representatives. Standing Committee on Finance and Public Administration
Download or read book A Pocket Full of Change written by Australia. Parliament. House of Representatives. Standing Committee on Finance and Public Administration and published by Australian Government Publishing Service. This book was released on 1991 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Housing Policy in Australia and the United States by : Warwick Temby
Download or read book Housing Policy in Australia and the United States written by Warwick Temby and published by . This book was released on 1983 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Financing Australian Housing by : Australia. National Housing Strategy
Download or read book Financing Australian Housing written by Australia. National Housing Strategy and published by . This book was released on 1991 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 :1498321119 Total Pages :85 pages Book Rating :4.4/5 (983 download)
Book Synopsis Canada by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book Canada written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-06-24 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Financial System Stability Assessment paper discusses that Canada has enjoyed favorable macroeconomic outcomes over the past decades, and its vibrant financial system continues to grow robustly. However, macrofinancial vulnerabilities—notably, elevated household debt and housing market imbalances—remain substantial, posing financial stability concerns. Various parts of the financial system are directly exposed to the housing market and/or linked through housing finance. The financial system would be able to manage severe macrofinancial shocks. Major deposit-taking institutions would remain resilient, but mortgage insurers would need additional capital in a severe adverse scenario. Housing finance is broadly resilient, notwithstanding some weaknesses in the small non-prime mortgage lending segment. Although banks’ overall capital buffers are adequate, additional required capital for mortgage exposures, along with measures to increase risk-based differentiation in mortgage pricing, would be desirable. This would help ensure adequate through-the cycle buffers, improve mortgage risk-pricing, and limit procyclical effects induced by housing market corrections.
Book Synopsis Residential Mortgage Securitisation in Australia by : Pelma Jacinth Rajapakse
Download or read book Residential Mortgage Securitisation in Australia written by Pelma Jacinth Rajapakse and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract : In a residential mortgage-backed security (RMBS) program, a bank or other financial institution sells its rights in a pool of home loans to a special purpose vehicle (SPV), which pays for the asset pool by issuing fixed or floating rate bonds in the financial markets to institutional investors. The SPV finances the interest and principal payments under these bonds from the pooled home loan repayments. The SPV is a 'special purpose' vehicle in the sense that it is established especially, and solely, for the purpose of acquiring the asset pool and issuing bonds against it. In practice in Australia, the SPV itself is invariably structured as a trust, which holds the asset pool on behalf of the bondholders. Frequently, but not always in Australia, the income and security features of the asset pool are effectively split, so that the SPV retains the rights to the income from the asset pool, but grants a charge or charges over the property in the asset pool in favour of a separate 'security trustee', who holds these on behalf of the bondholders. In selling the asset pool to the SPV, the bank or financial institution removes those assets-subject to prudential regulator approval-from its balance sheet for prudential regulation purposes. This has the effect of substantially reducing the bank's or institution's operating costs. For regulatory and tax purposes, it is important that the SPV is seen to be entirely independent of the originating bank or institution; that the sale to the SPV is seen as a 'clean sale'; and the SPV is 'insolvency-remote', in the sense that the asset pool cannot be put at risk by the insolvency of the SPV or the originating institution. Securitisation via RMBS programs involves the risk that borrowers might find their homes sold by downstream financial intermediaries who have 'purchased' their bank's or independent mortgage provider's (IMP's) mortgagee rights, not due to a failure to pay on the part of the borrowers but as a result of the insolvency of, or some act or omission by, a downstream financial intermediary in the supply chain. This begs the question of whether most home loan borrowers are aware of this risk at the time of taking out their loans. Experience would indicate that most are not, and nor is it specifically brought to their attention. The risk that the banks and the IMPs run, if they do not bring the risks of their participation in RMBS programs to the attention of home loan borrowers, is that they could ultimately face a wave of litigation similar to that precipitated by the foreign currency loan scandals during 1985-1990. In essence, all of that litigation arose, not from the complicated nature of then-'novel' financing arrangements, but from the banks' failure to notify borrowers of the risks involved. In those cases, the borrowers faced the risk of their mortgage properties sold, not through any conscious default on their part, but because of adverse exchange rate fluctuations over which they had no control. Compounding this risk is the fact that there is currently no specific legislation requiring banks or IMPs to bring the risks of securitisation to the attention of their home loan borrowers. While it is (arguably) true that borrowers may be protected by section 52 of the Trade Practices Act 1974 (Cth), State and Territory Fair Trading Acts, and equivalent provisions in the Corporations Act 2001 (Cth), this is by no means clear and unequivocal. The research undertaken for this thesis gives rise to the recommended that this gap be met by legislation requiring the banks and IMPs to inform their home loan borrowers of the risks of securitisation - in particular, the appreciable risk that they could lose their homes through no fault of their own. The aim is not to preclude banks and IMPs from engaging in RMBS programs, but, given that there is a significant risk to borrowers if they do, then borrowers (not banks or IMPs) should be the ones who decide whether they are prepared to bear such risk. In addition, this thesis makes a number of policy recommendations aimed at minimising the information gap between borrowers and securitisers, and minimising potential moral hazard problems within RMBS programs in Australia. First, if the market for RMBSs in Australia expands substantially in the foreseeable future, the regulation of the market may require amendment to allow the sale of RMBSs of less than $500,000 to retail investors, as distinct from the higher face value securities currently marketed to 'sophisticated' institutional investors. If RMBSs are issued to the public, new provisions in the Corporations Act, or possibly an entirely separate regulatory regime, may become necessary. In this context, the approach taken in the United States under the Investment Company Act 1940 could serve as a useful model for Australia. Second, new legislative provisions could be introduced to bring to the notice of home loan borrowers, the relevant assignment clauses in the housing loan contracts, and their implications, and to ensure that borrowers are fully informed of the risks involved. Third, amendments to the various State Consumer Credit Codes could be introduced in a way that could make the legislation uniform across States, to eliminate current disparities in stamp duty and administrative charges between the States. Fourth, the Australian Prudential Regulation Authority (APRA) and perhaps the Reserve Bank of Australia should investigate whether the risk-weighting for RMBSs for capital adequacy purposes in Australia could be reduced to something less than the current 100%. Fifth, the Corporations Act could be amended to mandate more timely disclosure of information about RMBSs, perhaps on a pool basis, to assist fund managers to analyse the prepayment risk in the mortgages and improve efficiency, pricing and investor confidence. Finally, a panel of independent experts could be established to advise APRA and the Australian Securities and Investments Commission (ASIC), where necessary, on complex issues involving RMBSs.
Book Synopsis The Development and Regulation of Non-bank Financial Institutions by : Jeffrey Carmichael
Download or read book The Development and Regulation of Non-bank Financial Institutions written by Jeffrey Carmichael and published by World Bank Publications. This book was released on 2002-01-01 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to create an awareness of the potential of non-bank financial institutions (NBFIs) for developing countries, and to assist policy makers in the creation of coherent policy structures and effective regulatory systems for the development of these institutions. It considers the essential functions and characteristics of non-bank financial institutions and includes chapters on insurance companies, mutual funds and pension schemes, securities markets, and leasing and real estate companies.
Book Synopsis Australian Financial System by : Committee of Inquiry into the Australian Financial System
Download or read book Australian Financial System written by Committee of Inquiry into the Australian Financial System and published by . This book was released on 1980 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis APAIS 1992: Australian public affairs information service by :
Download or read book APAIS 1992: Australian public affairs information service written by and published by National Library Australia. This book was released on with total page 1098 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Housing Finance in Australia, 1945-1956 by : Malcolm Robert Hill
Download or read book Housing Finance in Australia, 1945-1956 written by Malcolm Robert Hill and published by . This book was released on 1959 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Year Book Australia 1994 by : Australian Bureau of Statistics
Download or read book Year Book Australia 1994 written by Australian Bureau of Statistics and published by Aust. Bureau of Statistics. This book was released on 1993 with total page 799 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Impact of the Regulatory Regime on Promoting the Housing Finance Market in Australia by : Pelma Jacinth Rajapakse
Download or read book Impact of the Regulatory Regime on Promoting the Housing Finance Market in Australia written by Pelma Jacinth Rajapakse and published by . This book was released on 2015 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this article is to analyse how Australia's regulatory framework for housing finance mitigates various risks in mortgage lending and promotes positive market outcomes and system stability. The article first considers the main bodies involved in the regulation of residential mortgages, their roles and the type of regulations enforced by each regulator in relation to housing finance in Australia. The key regulators identified in this article include the Reserve Bank of Australia, the Australian Prudential Regulation Authority, the Australian Securities and Investments Commission and the Australian Competition and Consumer Commission. This part focuses on the post-financial crisis regulatory changes in housing finance, including revisions to existing regulations and introduction of new regulations. The article then discusses the implications of regulation for mortgage markets and players, practices and conduct. This section reviews mortgage lending practices in Australia that can be viewed as either particularly prudent or particularly risky. Finally, the article analyses the impact of regulation on promoting positive market outcomes, including housing finance system stability in Australia.
Book Synopsis The Deregulation of Financial Intermediaries by : Ian MacFarlane
Download or read book The Deregulation of Financial Intermediaries written by Ian MacFarlane and published by . This book was released on 1991 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Australian Home Finance Institutions by : Australia. Department of Housing
Download or read book Australian Home Finance Institutions written by Australia. Department of Housing and published by . This book was released on 1966 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Shadow Banking and Market-Based Finance by : Tobias Adrian
Download or read book Shadow Banking and Market-Based Finance written by Tobias Adrian and published by International Monetary Fund. This book was released on 2018-08-01 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Variants of nonbank credit intermediation differ greatly. We provide a conceptual framework to help distinguish various characteristics—structural features, economic motivations, and risk implications—associated with different forms of nonbank credit intermediation. Anchored by this framework, we take stock of the evolution of shadow banking and the extent of its transformation into market-based finance since the global financial crisis. In light of the substantial regulatory and supervisory responses of recent years, we highlight key areas of progress while drawing attention to elements where work still needs to be done. Case studies of policy challenges arising in different jurisdictions are also discussed. While many of the amplification forces that were at play during the global financial crisis have diminished, the post-crisis reform agenda is not yet complete, and policy makers must remain attentive to new challenges looming on the horizon.
Author :James Oliver Newton Perkins Publisher :Carlton, Vic. : Melbourne University Press ISBN 13 : Total Pages :160 pages Book Rating :4.3/5 (91 download)
Book Synopsis The Australian Financial System After the Campbell Report by : James Oliver Newton Perkins
Download or read book The Australian Financial System After the Campbell Report written by James Oliver Newton Perkins and published by Carlton, Vic. : Melbourne University Press. This book was released on 1982 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Report and Balance Sheets by : Commonwealth Bank (Australia)
Download or read book Report and Balance Sheets written by Commonwealth Bank (Australia) and published by . This book was released on 1985 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vols. for 1928- include Balance sheet of the Commonwealth Savings Bank of Australia (title varies; June 1928-June 1941, called no. 1-27). 1953/54- includes also Report and balance sheets of the Commonwealth Trading Bank of Australia.