Committee activities (inquiries and reports)

The reference for this inquiry lapsed when the Committee ceased to exist at the dissolution of the House of Representatives on 8 October 2001.

Bank prudential supervision: Australian Prudential Regulation Authority: Review of Audit report no. 42 2000-01

Scope

On 7 June 2001 the House of Representative Standing Committee on Economics, Finance and Public Administration resolved to review the Auditor General's Audit Report No. 42 2000-2001: Bank Prudential Supervision (PDF format 337kb) . The Committee will investigate the arrangements associated with the Australian Prudential Regulation Authority's (APRA) supervision of banks including, but not limited to APRA's:

• levy arrangements;
• resourcing;
• risk-based supervisory methodology; and
• compliance with international standards.

The Committee will pursue its investigation under House Standing Order 324b which states that the reports of the Auditor General stand referred to the relevant committee for any inquiry the committee may wish to make.

This inquiry was in addition to the Committee's standing reference to review and report on APRA's supervision and prudential regulation of those areas of the financial sector for which it has responsibility, referred to the Committee by the Minister for Financial Services and Regulation on 29 March 1999; and any inquiry by the Committee into APRA relating to its annual report under House Standing Order 324b.

Submissions

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