The Council of Financial Regulators (comprising the Reserve Bank of Australia, the Australian Prudential Regulation Authority, the Australian Securities and Investments Commission and the Australian Financial Institutions Commission) today released an updated version of the booklet Year 2000 Preparations in the Australian Banking and Financial System. Earlier editions were published in July 1998 and January 1999.
The booklet describes the Year 2000 preparations of all regulated financial institutions operating in Australia (banks, life and general insurance companies, superannuation funds, building societies, credit unions and friendly societies). It also outlines the role of the financial sector regulators and Year 2000 preparations in the payments system and in securities markets.
The booklet is available by contacting the Reserve Bank of Australia on (02) 9551-9743; the complete text is also available on the following web sites:
Enquiries:
Reserve Bank of Australia Payments Systems
Dr John Laker
Assistant Governor (Financial System)
(02) 9551-8510
Reserve Bank Internal Preparations
Mr Les Austin
Assistant Governor (Corporate Services)
(02) 9551-8960
Australian Prudential Regulation Authority
Mr Graham Johnson
Chief Manager, Policy Coordination and Application
(02) 9210-3162
Australian Securities and Investments Commission
Ms Jenny Green
Technology Policy Consultant, Regulatory Policy
(02) 9911-2620
Australian Financial Institutions Commission
Mr Brandon Khoo
Manager, Supervision and Compliance
(07) 3842-2742
