In 2012, Australia participated in the International Monetary Fund’s Financial Sector Assessment Program (FSAP). FSAP is an in-depth examination of a country’s financial system. It involves analysing risks to financial stability and assessing a country’s financial system against international standards, to assist countries to identify and remedy vulnerabilities.
Australia previously participated in FSAP in 2006. As a country with a systemically important financial system, Australia has agreed to undergo an FSAP assessment approximately every five years, from 2010.
Australia's FSAP documentation is available on the IMF website.