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1203/1382AFE Money Banking and Finance 7223AFE Financial Markets Briefing Note Assignment Guide Marking Criteria: This assignment is worth 25% of your overall grade. On the next page is the marking...

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1203/1382AFE Money Banking and Finance
7223AFE Financial Markets
Briefing Note Assignment Guide
Marking Criteria: This assignment is worth 25% of your overall grade. On the next page is the marking sheet your Lecturer will use to grade you. Take note of each of the parts which earn marks.
Tips:
1) Study the criteria closely
Results Communication and Feedback
Students will receive the marked grading sheet within three weeks from presenting. This will document your grade and the feedback.
Article Topic & Link
Rice Warner (2016), Australia's relentless underinsurance gap, 8 Sept 2016 (Prefe
ed Topic 1)
Or
Chow, K. (2017), Instant funds transfers between banks to be possible from January, ABC News, 3 Oct 2017.
O
Investor Daily (2017), Most Aussie managers missing benchmarks, Investor Daily, 22 Feb 2017
Context for your Briefing Note
· The issue outlined in your article has recently emerged in the media.
· Your supervisor has asked you to research it and provide a short
iefing note (1200 words) for the national financial services team in your organisation.  
· Your work must be appropriately referenced, be appropriate for a professional audience, adhere to the overall word limit and the
iefing note should not be a 'speech' for the webinar.
· Article Number and Title of Choice from the list above, the links of the articles are part of it.
· Overview
Provide an overview of the issue that you have been allocated.  The audience of this is your professional peers working in the financial services industry.  
This should draw from multiple sources in addition to the stimulus piece with a minimum of five references in addition to the stimulus. Reference consistently using either the Harvard or APA styles.
This answer should be no more than 400 words.
· Potential Impacts - Positive
Discuss the potential positive impacts on the financial system.  This could include regulatory, efficiency, effectiveness, risk and cost/profitability. Point form is allowable, however each item should be justified (not just stated) and appropriately referenced.
This answer should be no more than 300 words (500 in total for positives and negatives).
· Potential Impacts - Negative
Discuss the potential negative impacts on the financial system.  This could include regulatory, efficiency, effectiveness, risk and cost/profitability. Point form is allowable, however each item should be justified (not just stated) and appropriately referenced.
This answer should be no more than 300 words (500 in total for positives and negatives).
· Course Reflection
Reflect on how what you have learned in the course helped you develop your answers to the responses the previous sections.
This answer should be no more than 300 words.
· Summary
Summarise the issue, the key impacts and make a recommendation on the 'position' the business should take on the issue.
This answer should be no more than 100 words (not included in the overall word limit).
· Reference List
Up to 500 words (not included in overall word limit) using a consist and accepted format (Harvard or APA)
Written Briefing Note
Mark:_______/40
    Criteria
    Very Good (4)
    Good (3)
    Satisfactory (2)
    Unsatisfactory (1)
    Very Unsatisfactory (0)
    Introduction (4)
    Topic, key points and purpose of the presentation is introduced in a clear and interesting way which captures the audience’s attention.
    Topic, key points and purpose of the presentation is introduced in a clear and interesting way.
    Topic, key points and purpose of the presentation is introduced with clarity.
    Topic introduced, but the introduction is underdeveloped in terms of key points and/or purpose of presentation.
    No topic, key points and/or purpose is introduced or the introduction is i
elevant to assessment item.
    Content (20)
    Very clear key message, supported by a series of very well presented and argued key points. Obvious original thought used to develop a clear, logical argument, which is well supported by appropriate evidence.
The scenario and all questions presented in assignment specification are clearly addressed with strong supporting evidence drawn from the scenario and the reference material.
Good coverage of appropriate materials.
    Key message was clear and mostly supported by well-argued key points. Some original thought in combination with others’ thoughts is used to develop a logical argument, supported by appropriate evidence. The scenario and questions presented in assignment specification are addressed with supporting evidence drawn from the scenario and the reference material. Good coverage of appropriate materials.
    A key message could be infe
ed as it was generally supported by key points. Clear, logical argument, supported by appropriate evidence, but lacking in original thought, i.e. the argument is built upon others’ ideas. The scenario and / or some questions presented in the assignment specifications are clearly addressed with strong supporting evidence drawn from the scenario and the reference material. Adequate coverage of appropriate materials.
    A key message was not clear as evidence presented did not support a message. Attempted to develop an argument which is not clearly supported by evidence nor shown original thought. The scenario and / or some questions presented in the assignment specifications are not clearly addressed, but evidence used in discussion is drawn from the scenario. Limited coverage of appropriate materials.
    No key message. No clear argument evident with limited original thought. Limited if any consideration of the scenario / questions passed in the assignment specifications with little evidence support drawn from the scenario. Very limited coverage of any reference materials.
    Conclusion (4)
    Clear and concise summary with effective links to the introduction and body of the presentation.
    Clear and concise summary of the presentation with links to the introduction and body of the presentation.
    The conclusion provided links to the introduction and body of the presentation, but was not concise or unclear at times.
    The conclusion provided some links to the introduction and body of the presentation, but was not concise or unclear.
    No conclusion or no links established to the introduction and body of the presentation.
    Organisation (4)
    Heading & sub-headings provide a clear structure which is used well to ensure text is clear. Use of headings and sub-headings supports and clarifies the argument. Material was always ordered in a very logical and clear, easy to follow fashion.
    Headings & sub-headings used clarify the text and provide a logical structure to the document.
Material was mostly logically ordered, clear and easy to follow.
    Use of headings & sub-headings but the structure thus provided is not logical.
Most of the material was ordered in a logical, clear fashion. At times, however, the structure lead to confusion of understanding.
    Use of headings for sections as suggested on page 1 of the assignment specifications.
The material was not ordered in a logical, clear and easy to follow fashion. Frequently the structure of document caused confusion in understanding.
    Limited use of heading & sub-headings, which does little to help clarify the text. Order in which material was presented was not logical, and so the
iefing was not easy to follow, nor easy to understand the message it was trying to convey.
    Citations (4)
    All use of other’s ideas and materials are acknowledged. Appropriate & consistent in-text citations. All in-text citations listed in the reference section. All reference’s formatted consistently and appropriately. Liberal amount of references used that are germane to text.
    Use of other’s ideas and
materials mostly acknowledged. Most in-text citations are listed in the reference section. Citations and references generally presented accurately but with a few e
ors. Sufficient amount of references used to support text.
    Use of other’s ideas and
materials are sometimes not
acknowledged. Some in-text citations are not listed in the reference section. Citations and references generally presented accurately but with some e
ors. Adequate amount of references used to support text.
    Many missing in-text citations. Inadequate and inconsistent in-text citations. Some in-text citations not listed in the reference section. References not cited in the text found in the references section. Inconsistency or inappropriateness of formatting of references.
    Very few or even no citations and references. The formatting is often inconsistent and inappropriate.
    Grammar and Style (4)
    Report has been carefully proof read, i.e. no grammar and punctuation e
ors, no spelling e
ors, no typographical or layout e
ors.
Excellent logical flow with each point leading to the next; document shows strong cohesion of thought and personation. Reader knows what the point is all the time, and can clearly see relevance to other points made elsewhere in the report.
    Report has been proof read, i.e. no more than 3 or 4 grammar and punctuation e
ors, spelling e
ors, typographical or layout e
ors. Good logical flow, with most points leading into the next; document generally is a cohesive whole. Reader knows what the point is most of the time.
    Report has been spell checked but minimal evidence of proof reading, i.e. some grammar and punctuation e
ors, some spelling e
ors, some typographical or layout e
ors. (Some = 5-6 e
ors)
Limited connections between one point and the next with critical points presented ‘out of order’; document still shows clear evidence of different writing styles. Times where the reader is unsure of the point being made. Some padding / i
elevant material.
    Obvious that the report has not only received a cursory proof read and spell check has been minimalist at best, i.e. many grammar, punctuation, spelling typographical and/ or layout e
ors (Many = 7 or more).
Limited connection between one point and the next with critical points presented ‘out of order’; document shows clear evidence of having been written by multiple people. Frequently the reader is left guessing about the point being made which is caused through i
elevant material.
    Obvious that the report has not been proof read and that even spell checking has been minimalist at best. Full of grammar, punctuation, spelling, typographic and/ or layout e
ors. Detracts from understanding. Limited connections between one point and the next. No real flow. Clear evidence that the document has simply been “stitched together” from separate pieces rather than presented as a cohesive whole. Indirect and/ or convoluted language. Significate padding/ i
elevant material. Difficult and hard to follow.
Course Content and Overview
(Please note this University is in Australia and thing being drafted should be in line or view of the Australian market and the regulatory authorities in Australia)
    Course Structure
    Part
    Module
    Topic
    Part 1 - The Financial System
    Module 1
    Topic 1 - The Financial Market Principles
    
    
    Topic 2 - The RBA and Interest Rates
    
    
    Topic 3 - Regulation of Financial Institutions
    Part 2 - The Financial Markets
    Module 2
    Topic 1 - Money Markets
    
    
    Topic 2 - Bond Markets
    
    Module 3
    Topic 1 - Equities Markets
    
    
    Topic 2 - Derivative Markets
    
    Module 4
 
    Topic 1 - Foreign Exchange Markets
    Part 3 - The Financial Institutions     
    
    Topic 2 - Authorised Deposit-Taking Institutions
    
    Module
Answered Same Day Oct 07, 2020 7223AFE Griffith University

Solution

Akansha answered on Oct 11 2020
160 Votes
INSTANT FUND TRANSFER
INSTANT FUND TRANSFER
UNIVERSITY NAME:
STUDENT NAME:
DATE:
Contents
OVERVIEW    1
POSITIVE IMPACTS    2
NEGATIVE IMPACT    2
SUMMARY    5
REFERENCES:    6
The title of the article is “Instant funds transfer between banks to be possible from January next year”.
OVERVIEW
Earlier, people have to stand in queue at the bank for the money transfer which takes a lot of time. It is to be believed that this process is highly risk as there is a risk of theft associated with the cash deposited in the bank. Automatic bank-to-bank transfer is also known as external funds transfer which could be possible through the electronic transfer. The payment could be made through the payment gateway facility as this service is available all weekdays 24*7 that includes Sundays and other holidays as well. The New payment platform will be introduced in the approximately 13 Australian banks to initiate this technology in which the people do not have to wait longer over the weekends as well. With the traditional
ick and mortar method, when consumer is highly increasingly judge the bank services for the personal conveniences (Challoumis, 2018). These old methods exploit the people and there is high risk of theft when people deposited their money or withdraw their money, they have to walk through their houses where there are many chances of theft during travelling. The Australian financial system mainly covers the lending and bo
owing of funds along with transfer of financial claims in the Australia. According to the reports, Westpac Banking Corporation, New Zealand and Australia banking group, National Australian bank, and commonwealth bank of Australia. The Australian Financial regulatory framework was introduced to provide recommendations to the financial system injury or fraud. These regulatory bodies help in monitoring the payment processor, government investment etc. The APRA is charged with the introducing prudential policies that balances efficiency and financial safety, competitive neutrality, contestability, and competition. The Australian regulatory bodies regulated the Deposit taking institution along with in recent time takes care of the automated money transfer between the banks (YIM, J., & MITCHELL, 2007).
POSITIVE IMPACTS
Instant funds transfer helps the business and their customers to exchange money between them with the help of electronic bank transfers instead of wire transfers or checks. Instant funds transfer can also be possible with the help of electronic payment methods which is also known as actual clearing of the electronic payments. The main benefit of the instant fund transfer is that it is very quick, convenient, and saves the high wastage of time. In Australia, many employees even get their direct pay through the instant funds transfer method which motivates them to work hard and put their maximum and best efforts in the best possible manner. It is to be believed that direct payment method is considered as more convenient. Companies can receive quick payments from the customers to take advantage of the high cash flow...
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