When was the first bank established in Aus - Answers- 1817
When was gold discovered - Answers- 1815
When was the first banking crisis after speculative property boom? - Answers- 1893
How many banks failed in the 1893 crisis? - Answers- 11
When was the Australian Notes Act which assigned bank note making duties to the
Commonwealth Treasury? - Answers- 1910
What item introduced these policies?
Independent review of retail banking remuneration and overarching principles on how
banks pay staff.
Getting problems fixed.
Resolving disputes.
Protecting whistle blowers.
Stopping poor conduct moving around the industry.
Independent review of the Code of Banking Practice. - Answers- Better Banking
Program
What is made up of Tier 1 + Tier 2 capital - Answers- Regulatory Capital
What is this? Operate primarily in the wholesale markets, borrowing from, and lending
to, large corporations and government agencies. Other services may be provided,
including advisory, corporate finance, capital markets, foreign exchange and investment
management. - Answers- Money Market Corporation
What is this? Provide loans to households and small to medium size businesses. They
raise funds from both the wholesale and retail markets. - Answers- Finance Company
What is this? These are special purpose financial solutions that issue securities backed
by pools of assets (e.g.,mortgage-based housing loans). The securities are usually
credit enhanced (e.g.,through use of guarantees from third parties). - Answers-
Securitisation Vehicle
What is this? A type of unit trust governed by a trust deed and open to the public. They
generally confine their investments (as authorized by the trust deed) to financial
securities available through the short-term money market. - Answers- Cash
Management Trust
What is this? Pool into common funds money received from the general public or held
on behalf of estates or under powers of attorney. Funds are usually invested in specific
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