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The development of internationally agreed standards and codes of best practices applied consistently across institutions and jurisdictions in key financial sectors has been identified as one way that financial stability in the Asia Pacific region will be strengthened.
Implementation of new and emerging standards should enhance financial stability, but compliance is often complex and poses challenges for regulators and practitioners alike.
The Australian APEC Study Centre and the Melbourne APEC Finance Centre are responding to these challenges by developing a series of capacity building courses to assist regulators and industry to enhance their understanding of new financial standards and address practical implementation issues.
The Managing Regulatory Change in Financial Services program, undertaken in collaboration with international financial regulatory organisations, departments of the Australian government and Australian financial institutions, builds on the success of the Managing Regulatory Change in Life Insurance and Pensions program, endorsed by APEC Finance Ministers and APEC Leaders. New training programs are available to regulators and industry participants from the Asia Pacific region.
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