Search: fiscal transparency
RBA Glossary definition for fiscal transparency
fiscal transparency – The facility which enables investors and other interested parties to satisfy themselves as to the nature and quality of the decision process pursued by policy-makers in government or the corporate entity concerned. One of the 12 key standards identified by the Financial Stability Forum as the minimum required for good practice in sound financial systems. Fiscal transparency strengthens accountability of the government and decreases the risk of maintaining unsustainable policies.
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The Global Financial Environment
8 Apr 2021
FSR
– April 2021
Deposits have increased given fiscal stimulus payments to households and businesses, reduced opportunities for spending and increased caution. ... Local governments' use of bonds instead of off-balance sheet entities has increased transparency, but the
https://www.rba.gov.au/publications/fsr/2021/apr/global-financial-environment.html
Overview
9 Oct 2020
FSR
– October 2020
could be particularly large given weaker health systems and so health outcomes and less space for fiscal stimulus. ... It is, though, important that there is transparency around loan performance and that borrowers engage with their bank and resume
https://www.rba.gov.au/publications/fsr/2020/oct/overview.html
The Global Financial Environment
8 Apr 2022
FSR
– April 2022
case in economies with large fiscal deficits, high levels of debt and a heavy dependence on external financing. ... There is also a chance that a run on one stablecoin would precipitate a run on other stablecoins given the lack of transparency and
https://www.rba.gov.au/publications/fsr/2022/apr/global-financial-environment.html
Developments in the Financial System Infrastructure
10 Mar 2005
FSR
– March 2005
The IMF currently recognises 12 such standards relating to accounting, auditing, anti-money laundering and combating the financing of terrorism, banking supervision, corporate governance, data dissemination, fiscal transparency, insolvency and
https://www.rba.gov.au/publications/fsr/2005/mar/dev-fin-sys-infra.html
The Global Financial Environment
9 Oct 2020
FSR
– October 2020
The stock of off-balance sheet borrowing by local governments, which lacks transparency, also remains significant. ... The central banks of Indonesia and the Philippines have provided direct financing to their governments to support fiscal packages.
https://www.rba.gov.au/publications/fsr/2020/oct/global-financial-environment.html
The Global Financial Environment
20 Oct 2017
FSR
– October 2017
The lack of transparency also increases contagion risk, as banks are more likely to withdraw from interbank markets when uncertainty about other banks' solvency is high. ... Backed by strong political support, regulators have announced a range of
https://www.rba.gov.au/publications/fsr/2017/oct/global-fin-env.html
The Global Financial Environment
10 Sep 2011
FSR
– September 2011
In addition, Greece agreed to implement tougher fiscal tightening measures and sell some state assets. ... tightening budget positions too much and too early may undermine economic recovery and thus fiscal positions.
https://www.rba.gov.au/publications/fsr/2011/sep/global-fin-env.html
Regulatory Developments
9 Oct 2020
FSR
– October 2020
Complementing the extensive global monetary and fiscal stimulus in response to the pandemic, prudential authorities have also taken a range of actions to enhance bank resilience and to support the economy. ... set supervisory expectations to create
https://www.rba.gov.au/publications/fsr/2020/oct/regulatory-developments.html
The Global Financial Environment
12 Apr 2019
FSR
– April 2019
To support growth in economic activity, Chinese authorities have responded with some targeted easing of fiscal and monetary policy. ... Policies have also been implemented in some EMEs to address vulnerabilities, and risks to fiscal positions have eased
https://www.rba.gov.au/publications/fsr/2019/apr/global-financial-environment.html
The Global Financial Environment
4 Oct 2019
FSR
– October 2019
The downside risks to growth are amplified by the limited global capacity for further counter-cyclical fiscal and monetary stimulus in many economies, given high sovereign debt and already low policy ... Italian sovereign spreads spiked in mid 2018 and
https://www.rba.gov.au/publications/fsr/2019/oct/global-financial-environment.html