Financial markets
NARROWER TERMS
Discussion paper
The yield and market function effects of the Reserve Bank of Australia’s bond purchases
In this paper, the authors examine the effect on government bond yields of three Reserve Bank of Australia policy measures implemented following the onset of the COVID-19 pandemic. They also assess the impact of the three measures on government bond market functioning.
Report
Accounting for the digital economy: time for a fresh approach
This paper aims to explain why the information economy requires a new approach to accounting. It examines how the profession can reshape existing accounting standards to help fill the information gap, while developing an entirely new approach to gathering and reporting financial and non-financial information.
Report
The fossil fuel pushers
The evidence has been mounting that Australia is blocking stronger agreements to end public funding of coal and gas has been mounting. This report argues that if Australia continues this behaviour, it will only provide further cover for foreign export credit agencies and other public...
Report
Navigating uncertainty: Australian young adult investors and digital finance cultures
As investing becomes more accessible for younger investors through emerging digital products and services, industry groups and regulation bodies are concerned about increasing numbers of inexperienced young adults starting to invest. This report outlines the findings from recent research into young Australians and their investing...
Report
Insurance conduct and culture: fire and general insurers update
This report summarises disappointing findings from an evaluation of New Zealand fire and general insurers’ responses to the Life Insurer Conduct and Culture review undertaken by the Financial Markets Authority and the Reserve Bank of New Zealand in 2019.
Discussion paper
Regulations to support the new regime for the conduct of financial institutions
The purpose of this discussion document is to seek feedback on possible regulations to support the new regime for the conduct of financial institutions being developed under the Financial Markets (Conduct of Institutions) Amendment Bill.
Briefing paper
Beyond the Union: a new platform for European cooperation
This paper outlines one option for future cooperation on development and foreign policy issues between the European Union, the United Kingdom and the EFTA (European Free Trade Association) countries.
Discussion paper
Retail investor trading during COVID-19 volatility
This paper outlines some early observations by ASIC staff on trading in securities and contracts for difference (CFDs) during the volatility caused by the COVID-19 pandemic (COVID-19 volatility). It was produced to inform our work in managing the impact of the COVID-19 pandemic and is...
Report
Review of Australian equity market cleanliness
Market integrity is fundamental to well-developed financial markets. We consider it important to measure and monitor market cleanliness to provide an overview of market integrity in order to better inform our regulatory work. In this report, we have measured Australian equity market cleanliness using a...
Working paper
Foreign banks and international shock transmission: ownership matters no more
This paper studies the recent (2007-2009) Global Financial Crisis and its transmission through bank lending to emerging Asian economies. It highlights two channels of shock transmission identified in the literature: bank ownership and liquidity. We find that the bank ownership does not play a substantial...