Training Course • 15 - 26 July 2002

Introduction

The purpose of this note is to provide some comments on the Pre-Reading that have been provided and are recommended for review by participants prior to the commencement of the Training Program.

The Pre- Readings

There are 5 readings, listed below, with brief comments as to why they may be relevant:

1. An Overview of the Australian Regulatory Framework
   This is intended to provide some background information on the current Australian regulatory system. Not all the features of the Australian system will be familiar to all participants in the Training Program and often questions about the Australian regime are asked. Provision of this background information should not be taken as a suggestion that the Australian regime is proposed as being appropriate for other jurisdictions.
2. Perspectives and Issues in Prudential Regulation and Supervision and its Enforcement
   This paper, presented at the November 2000 Manila MRC Symposium, outlines an Asian Development Bank view of some of the issues in design and implementation of financial policy, regulation and institutional framework in the context of our structural adjustment program support to the life insurance and pensions sector. This draws on the ADB's years of accumulated experience.
3. AIS 'Insurance Core Principles'
   The International Association of Insurance Supervisors has developed a high level set of Core Principles for the regulation of insurance industries.
4. Regulatory Principles for Private Pensions
   These principles were endorsed by the senior regulators attending the November 2001 Beijing MRC Symposium.
5. Financial Regulation in the Twenty-First Century
   This paper provides one view of the basic tenets and rational for a regulatory system.