Financial Stability Review – September 2013 List of tables

  • Table 1.1: Emerging Asia – Gross External Debt
  • Table 2.1: Assets of Domestic Funds Management Institutions

Boxes

  • Table C1: Mortgage Insurance
  • Table D1: Characteristics of Superannuation Funds
Table 1.1: Emerging Asia – Gross External Debt
Per cent to GDP
1996 March 2013
Total Total Foreign currency
denominated
China 14 9 na
India 25 21 16
Indonesia 57 29 na
South Korea 26 36 26
Malaysia 37 33 na
Philippines 43 23 22
Thailand 60 37 25
Sources: CEIC; IMF; World Bank
Table 2.1: Assets of Domestic Funds Management Institutions
As at June 2013
Six-month
annualised change
Share of total
Level
$ billion
Per cent Jun 2013
Per cent
June 1993
Per cent
Superannuation funds 1,562 15 73 50
Life insurers(a) 255 8 12 35
Public unit trusts 271 5 13 9
Other managed funds(b) 39 −13 2 6
Total (unconsolidated) 2,128 12 100 100
Cross investments 429 13    
Total (consolidated) 1,699 11    

(a) Includes superannuation funds held in the statutory funds of life insurers
(b) Cash management trusts, common funds and friendly societies

Source: ABS

Table C1: Mortgage Insurance
Selected jurisdictions
Australia Canada Hong Kong New Zealand The Netherlands United Kingdom United States
Extensive use of LMI Yes Yes Yes No Yes No Yes
Government participation in LMI No Yes Yes Yes(a) Yes(a) No(b) Yes(a)
Mortgages fully insured Yes Yes No Yes Yes No No(c)
Mandatory for certain loans No Yes Yes No No No Yes
Capital relief for insured loans Yes(d) Yes Yes Yes(d) Yes Yes Yes

(a) ‘Socially targeted’ mortgage insurance
(b) The UK Government plans to insure up to 15 per cent of certain mortgages from January 2014
(c) Only the government insurer's policies typically cover the whole mortgage
(d) Smaller lenders have lower capital requirements on insured mortgages

Sources: Joint Forum; RBA; national sources

Table D1: Characteristics of Superannuation Funds
Share
of industry
assets(a)
Average
account
balance(b)
Share of
members
aged 50
and over(c)
Taxable income
of members(d)
Per cent $'000 Per cent Median
($'000)
Average
($'000)
SMSFs 31 486.6 76 50.7 98.5
Other funds 69(e) 29.6 26 43.5 54.0
Corporate 4 101.8 26
Industry 20 22.9 19
Public Sector 16 66.1 42
Retail 26 24.1 28

(a) As at 30 June 2013; APRA and ATO estimates
(b) As at 30 June 2012
(c) SMSFs as at 30 June 2011; other funds as at 30 June 2012
(d) ATO estimates as at 30 June 2012, based on 2011 SMSF annual returns and member contribution statements for other funds
(e) Includes small APRA funds and balance of life office statutory funds

Sources: APRA; ATO