Banks use a mix of wholesale and deposit funds to finance lending. If a country is a net importer of wholesale funds, then a financial crisis in a foreign country can 'infect' the banking system by raising the cost of wholesale funds. Indeed, countries such as Australia imported a crisis through the wholesale funding market...

This paper discusses key regulatory issues and developments emerging from the GFC in relation to three distinct areas - financial market regulation; taxation; and banking and finance. The paper analyses the adequacy and efficacy of Australia's legal infrastructure in these three areas from a comparative perspective.

AUSTRAC has prepared this report to raise awareness and strengthen the national response to the serious threat of terrorism financing. The report is based on a classified national risk assessment of the Australian terrorism financing environment completed by AUSTRAC in 2014 in collaboration with a number of key partner agencies, particularly the Australian Federal Police...

This article assesses the performance of the G20 since the Global Financial Crisis by analysing the regulatory measures it has called for and their current stage of implementation. It then proceeds to consider the changes in the global financial system in the past 40 years and seeks to assess how adequate the G20’s measures have...

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 role in the transmitting process. It is the liquidity channel...