|Australian Accounting Standards Board
|International Standards on Financial Reporting issued by the International Accounting Standards Board.
|Auditing and Assurance Standards Board
|Auditing and assurance (relating to financial reporting and non-financial areas)
|International Standards on Auditing, Review Engagements and Assurance Engagements issued by the International Auditing and Assurance Standards Board.
|Australian Securities and Investments Commission (ASIC)
|ASIC is responsible for enforcing accounting and auditing and assurance standards issued by the AASB and the AUASB, which are based on the international standards set out above.
|IOSCO has established the Objectives and Principles of Securities Regulation. The principles are designed for domestic regulators to use in setting standards and creating guidance, with the objectives of protecting investors, ensuring that markets are fair, efficient and transparent and reducing systemic risk. As a member of IOSCO, ASIC has an active role in developing the IOSCO principles and implementing them in Australia.
|Derivatives (including over-the-counter derivatives)
|Basel Committee on Banking Supervision-IOSCO Margin Requirements for Non-Centrally Cleared OTC Derivatives IOSCO Requirements for Mandatory Clearing IOSCO Risk Mitigation Standards for Non-Centrally Cleared Over-the-Counter Derivatives IOSCO International Standards for Derivatives Market Intermediary Regulation
|Cross-border financial regulation
|IOSCO Principles Regarding Cross-Border Supervisory Cooperation IOSCO Objectives and Principles of Securities Regulation
|Financial market benchmarks
|IOSCO Principles for Financial Benchmarks
|Intermediaries holding client assets
|IOSCO Recommendations Regarding the Protection of Client Assets
|Disclosure of financial information
|IOSCO General Principles Regarding Disclosure of Management's Discussion and Analysis of Financial Condition and Results of Operations
|Collective investment vehicles
|IOSCO Principles of Liquidity Risk Management for Collective Investment Schemes
|IOSCO Principles for Dark Liquidity
|Direct electronic access to financial markets
|IOSCO Principles for Direct Electronic Access to Markets
|Ratings agency regulation
|IOSCO Code of Conduct for Credit Rating Agencies
|IOSCO Principles on Outsourcing of Financial Services for Market Intermediaries
|ASIC and the Reserve Bank of Australia
|Financial Market Infrastructures
|Principles for Financial Market Infrastructures published by the Committee on Payments and Market Infrastructures and IOSCO
|APRA and ASIC
|The High-level Principles for Business continuity were published jointly by the Basel Committee on Banking Supervision, IOSCO and the International Association of Insurance Supervisors.
|Australian Prudential Regulation Authority (APRA)
|APRA observes a range of principles, standards and guidance issued by the Basel Committee on Banking Supervision.
- The Basel Capital Framework including Basel II, Basel 2.5 and Basel 3. The Framework consists of three pillars: Pillar 1 (minimum capital requirements - capital base and risk weighted assets); Pillar 2 (supervisory review process); and Pillar 3 (market discipline/disclosure).
- The Basel Liquidity framework including the liquidity coverage ratio and the net stable funding ratio
- International standards for banking may also be set by the Basel Committee's Core Principles for Effective Banking Supervision (BCPs). The BCPs provide benchmarks for the establishment, revision or implementation of Australia's regulatory and supervisory systems. APRA pays close attention to the BCPs and the Australian regulatory framework has been assessed as having a high level of compliance with them.
|Insurance and Superannuation
|A global capital framework (comparable to that for banking) does not exist for the insurance industry, though one is being developed under the auspices of the International Association of Insurance Supervisors (IAIS). The IAIS has developed Insurance Core Principles (ICPs) and the International Organisation of Pension Supervisors (IOPS) is currently developing supervisory principles for superannuation. These principles provide benchmarks for the establishment, revision or implementation of Australia's regulatory and supervisory systems. APRA pays close attention to the ICPs and the Australian regulatory framework has been assessed as having a high level of compliance with them.
|Data collection and statistical publications
|Various global bodies set international data reporting standards and guidelines. These include bodies such as the International Monetary Fund and the International Accounting Standards Board.
|APRA-regulated institutions - general
|From time to time, international standards relevant to APRA's regulated industries may be set by other bodies. For example, the Financial Stability Board's Key Attributes for Effective Resolution Regimes for Financial Institutions. APRA monitors developments in these international standards for consideration of adoption in Australia where appropriate.
|Australian Competition and Consumer Commission
|Product safety and information standards
|Voluntary standards developed by international bodies like the International Organization for Standardization and the European Committee for Standardization. National voluntary standards published by standards organisations from other countries (e.g. US organisations such as the ASTM, the British Standards Institute, and equivalent organisations in Japan, Canada, New Zealand or elsewhere) Mandatory standards or regulations in force in international jurisdictions.
|Royal Australian Mint
|Produce coinage, medals, medallions, tokens and seals for government and private clients domestically and internationally
|International standards relevant to the RAM include those relating to occupational health and safety, environmental sustainability and manufacturing processes and procedures.
|Tax Practitioners Board
|Registration and regulation of tax practitioners
|International educational qualifications, memberships and rules about continued accreditation relating to tax practitioners.
|Australian Bureau of Statistics
|Collecting and reporting statistical information
|International standards in relation to the collection and reporting of statistics.
|Australian Charities and Not-for-profits Commission
|Registration and regulation of the charity sector
|International standards related to charities, which are part of the Non-Profit Organisation sector including, for example, those relating to money laundering and the financing of terrorism.
|Australian Energy Regulator
|Regulating energy markets and networks
|Presently there are no international standards or risk assessments that are relevant to the role of the AER.