CQIB Exam Study Guide | 100% Correct Answers | Verified |
Latest 2025 Version
Which regulator makes and enforces rules which govern the capital adequacy of Australian Banks? -
✔✔The Australian Prudential Regulation Authority - APRA
What events occurred in the Banking Industry in 1800s and early 1900s? - ✔✔First Bank in Australia was
Bank of NSW, Established in 1817 Sydney.
Discovery of gold in 1851 led to minting of Australia's own gold coins spurring development of Banking.
Boom in Australian property market in 1800s led to Banking crisis in 1893.
What events occurred in 1910-1920 in the Banking Industry? - ✔✔Australian pound was issues as the
Legal tender in Australia and the Australian Notes act 1910 assigned responsibility for the issue of Bank
notes to the Commonwealth Treasury.
What events occurred in 1911-1913 in the Banking Industry? - ✔✔Federal government established the
Commonwealth Bank, which by 1913 had branches in 6 states.
What events occurred in 1920 in the Banking Industry? - ✔✔Commonwealth performed some central
Bank functions, which greatly expanded in World War II.
What events occurred in 1930-1931 in the Banking Industry? - ✔✔1931 - The Great Depression, By the
end Banking Industry became tightly regulated. Banks classified as either savings or trading Banks.
What events occurred in 1990-2000 in the Banking Industry? - ✔✔14/01/1960 - Reserve Bank of
Australia was created
1969 - Rolled out ATMs, and early 1970 BSB identifier was introduced.
What events occurred in 2000-2017 in the Banking Industry? - ✔✔Renewed emphasis on corporate
governance, values, ethics. Jan 17 - Better Banking program launched with initiatives:
- Independent review of retail Banking remuneration and how we pay staff.
