1301.0 - Year Book Australia, 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 07/02/2008   
   Page tools: Print Print Page  
Contents >> Financial system

FINANCIAL SYSTEM

The financial system in Australia can be thought of as having three overlapping components. The first consists of financial enterprises (such as banks) and regulatory authorities (the Reserve Bank and the Australian Prudential Regulation Authority). The second consists of financial markets (e.g. the bond market) and their participants (issuers such as governments, and investors such as superannuation funds). The third is the payments system (i.e., the cash, cheque and electronic means by which payments are effected) and its participants (e.g. banks). The interaction of these three components enables funds for investment or consumption to be made available from savings in other parts of the national or international economy.

This chapter provides a summary of the structure and activities of the three components of the Australian financial system.







This section contains the following subsection :
      Regulatory framework
      Inter-sectoral financial flows
      Financial enterprises
      Financial markets
      Managed funds
      Lending by financial institutions
      Money and the payments system
      Financial system Bibliography

Previous PageNext Page