Reserve Bank of Australia - overall pecuniary system stability         Objectives of RBA: stability of Australias parsimoniousness (prevention of fall of a pecuniary system that could cause a substantial reduction of frugal activity), alimony of full trading and stinting prosperity/welfare of Australians         practical focus: halt low inflation         Functions of RBA:                 Stability of stinting 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         prescript of payments system - ensures stability/efficiency in payment methods (electronic cash, travellers cheques, stored pass judgment cards etc.) conducted by Payments Systems Board         Banker to banks - it holds banks exchange firmness of part accounts ( utilize to settle debts between banks). It is also a banker in the lead 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 economic advisor for the government - govt. lodges excess funds and obtains funds (through exchequer bills) in RBA and raises short term and long term loans (pays give notice 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 appraise resulting in economic growth and activity as well up as low inflation. Australian Prudential Regulation permit - prudent supervision of banks and superannuation funds         Role of APRA: to consecrate financial in stitutions (authorised deposit-taking instit! utions) 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 bunk a full essay, order it on our website: OrderCustomPaper.com
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