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Fact Finding of financial market regulator in Australia
Assuming after graduation you would like to apply for a position at ASIC. Go to the website
of Australian Securities and Investment Commission, do a fact finding and answer the
following questions:
(1) What are the ASIC roles?
(2) Who and what ASIC regulate?
(3) What are the powers of ASIC?
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- Fact Finding of requirements on Financial advisory service registration in AustraliaAssuming after graduation you would like to work as a financial adviser. Go to the website ofAustralian Securities and Investment Commission, do a fact finding and present an analysisof financial advisor registration to identify whether you are qualified and what steps shouldbe taken to be a financial adviser in Australia. The following questions should be addressed:(1) What is the ASIC’s Financial advisers register?(2) Who should be on the Register, who are not on the Register and who updates theregister?(3) What information should be on the Register?(4) What are the relevant financial products for a financial advisor?(5) What are the professional standards applied for a financial advisor.Fact Finding of financial market regulator in AustraliaAssuming after graduation you would like to apply for a position at ASIC. Go to the website of Australian Securities and Investment Commission, do a fact finding and answer thefollowing questions: (4) If a business approaches you to ask about procedures for providing credit activities,what kind of license you would advise them to apply for and what are the steps theyshould consider to decide whether they should apply for that license?(5) What is book up practice in Australia, briefly explain.n relation to which document supplied by the financial adviser does the Australian Securities and Investment Commission (ASIC) apply the test of what a person would reasonably require for the purpose of making a financial decision? a. Statement of Advice b. All of the options c. Limited financial plan d. Financial Services Guide
- In relation to which document supplied by the financial adviser does the Australian Securities and Investment Commission (ASIC) apply the test of what a person would reasonably require for the purpose of making a financial decision? a. Statement of Advice b. All of the options c. Limited financial plan d. Financial Services Guide Clear my choiceIn your opinion, is the Australian financial reporting environment over regulated? Justify your answer. [Hint: Cite relevant literature source(s) to back up your answer].Describe the role of regulators of financial activities? How does it contribute to the efficient financial system of a country?
- Discuss the strengths and weaknesses of the Financial Markets Authority (New Zealand) governance guidelines1. Explain the four (4) forms of regulation which are: a. Disclosure regulation b. Financial activity regulation c. Regulation of financial institutions d. Regulation of foreign participants Give examples each to fully discuss. 2. Elaborate the three (3) regulators: a. Market stability regulator b. Prudential regulator c. Business conduct regulator Cite examples to have a better explanation 3. Differentiate internal market from external market. Cite examples. 4. Discuss the following money market financial instruments and give examples: a. Treasury bills, b. commercial paper, c. negotiable certificates of deposit, d. repurchase agreements, and e. bankers acceptances 5. Distinguished between common stock equity and preferred stock equity. Give examples. 6. Differentiate between bank loan and debt securities. Give examples. 7. Discuss the distinctions between cash market and derivative market. Cite examples. 8. Describe the activities in Public Market Isuance. Cite examples. 9.…Choose the best answer Underwriting an issue is the domain of: a. commercial bank b.the central bank c.the stock exchange d.an investment bank
- Why is there a need for regulation of the financial system? What are the objectives of the FMA and of RBNZ Prudential regulation, as set down in legislation? What are current challenges facing the FMA and RBNZ as financial regulators?What type of circumstances would drive an organization to comply with US Generally Accepted Accounting Principles (GAAP)? Choose all that apply. Lender reporting requirements International Financial Reporting Standards (IFRS) requirements Equity investor reporting requirements An audit by the internal revenue services (IRS)Identify and discuss the current regulatory framework or regulations encompassing the preparation of financial statements by reporting entities in Australia