Apply Principles of Professional Practice to Work in the Financial Services Industry

Apply Principles
Of
Professional Practice
To Work In
The Financial Services
Industry

Table of Contents
TASK 2............................................................................................................................................3
Financial Aggregates:..................................................................................................................3
Exchange rate:..............................................................................................................................7
Index of Commodity Prices:........................................................................................................8
TASK 3..........................................................................................................................................10
REFERENCERS............................................................................................................................15

TASK 2
Reserve Bank of Australia is prime or central bank in Australia and authorised for
issuance of banknotes. This bank is continuously playing this role since January,14 year 1960,
when in Australia Reserve Bank Act,1959 has been abolished centralised banking roles/functions
from Commonwealth Bank (Chen et.al., 2012). This bank publish some statistics reports on its
website which contains vital information about economical and financial performance of
country. Following are some major reports that reserve bank publish, as follows:
 Financial Aggregates
 Weights for the TWI
 Index of Commodity Prices
 Weights for the ICP
 Exchange Rates
All these reports are collectively or separately used by investors, corporations,
importers, exporters, foreign investors etc. For study purposes following three reports are
selected and analysed here:
Financial Aggregates:
All growth rates are calculated seasonally for financial aggregates and modified for
impact of gaps by reserve bank. Financial aggregate figures are not modified for series splits, so
credit-level data shouldn't be used to measure growth rates. Historical levels as well as growth
rates with respect to fiscal aggregates have been amended due to some fiscal intermediaries
resubmitting data, re-estimating seasonal variables and incorporating securitization information.
RBA credit indexes assess credit given by locally operated financial institutions. These do not
detect intermediates or cross-border lending (Ennew, Waite and Waite, 2013). Financial
aggregates are incorporated an enhanced conceptual structure as well as unique compilation of
information since release in July 2019. It is called collection of Economics and Financials
Statistics (EFS). Legislators and wider community using the financial aggregates widely.
Monitoring shifts in bank credits supplies is relevant as it allow to understand what's going on in
economy. It may also be beneficial to detect shifts in credits to recognize risks to economic
stability. Following are financial aggregates level growth graphs as presented below: