In 2012, Australia participated in the International Monetary Fund’s Financial Sector Assessment Program (FSAP). FSAP is an in-depth examination of a country’s financial system. It involves analysing risks to financial stability and assessing a country’s financial system against international standards, to assist countries to identify and remedy vulnerabilities.
Australia previously participated in FSAP in 2006. As a country with a systemically important financial system, Australia has agreed to undergo an FSAP assessment approximately every five years, from 2010.
Australia’s FSAP documentation is available on the IMF website.
This program closed in 2011.