Treasury
The Council of Financial Regulators (CFR) is the coordinating body for Australia's main financial regulatory agencies. It is a non-statutory body whose role is to contribute to the efficiency and effectiveness of financial regulation and to promote stability of the Australian financial system. Its membership comprises the Reserve Bank of Australia (RBA), which chairs the CFR; the Australian Prudential Regulation Authority (APRA); the Australian Securities and Investments Commission (ASIC); and The Treasury. In the CFR, members share information, discuss regulatory issues and, if the need arises, coordinate responses to potential threats to financial stability. The CFR also advises Government on the adequacy of Australia's financial regulatory arrangements.

Further information

  • Type of Body

    D. Advisory Body - Policy and Stakeholder Consultation

  • Established By / Under

    Agreement / Treaty / Council Order

  • Established By/Under More info

    Recommendation of the Financial System Inquiry in 1997 (the Wallis Committee), its key documents are MOUs between the four agencies

  • Classification

    B. Secondary

  • Creation Date

    2 May 1998

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