financial regulation


28 Sep 2018

The Commission’s work, so far, has shown conduct by financial services entities that has brought public condemnation. Some conduct was already known to regulators and the public - some was not. Why did it happen? The answer seems to be greed – the pursuit of...


24 Nov 2016

Banking regulation should have two key goals: promoting financial stability and achieving strong outcomes for consumers. Financial stability is critical – but so is ensuring that consumers get a fair deal from the banking sector.

Due to Australia’s strong regulatory framework and the banking...

Working paper

10 Jun 2016


Beginning with [Johansen (1960)], computable general equilibrium (CGE) models have been widely applied to study the impact of a variety of economic policy issues. These include changes in macroeconomic or regional economic policies such as tariff reductions, changes in labour force demographics...

Working paper

30 Apr 2016

Financial regulators in Australia and overseas are requiring banks to raise additional capital. The benefits of this are understood in terms of reducing the risk of incurring the significant costs of another financial crisis. But there are potential costs from securing these benefits, in the...

Working paper

30 Apr 2016

As China’s financial system has become more complex and integrated, calls have intensified for structural reform. In particular, many commentators have called for China to move towards the twin peaks model of financial regulation along the lines of the experience in Australia. This paper explores...

Working paper

1 Oct 2015

This research project compares the application of the competition laws of China and Australia to bank mergers, against financial regulatory frameworks and the dual objectives of competition and economic stability. As the title indicates, it seeks to identify lessons for Australian banks and Chinese regulators....

Working paper

31 Aug 2015

Australia adopts a functionally-based model – the ‘twin peaks’ model – under which the functions for financial regulation are consolidated into two regulators: the Australian Securities and Investments Commission (ASIC), which is responsible for the regulation of companies, market conduct and consumer protection; and the...

Working paper

31 Jul 2015

This paper provides a theoretical analysis of the twin peaks method of financial system regulation, with particular reference to the Australian iteration of the model. This includes a description of how twin peaks functions, its historical development, and its strengths and weaknesses. An analysis is...

Journal article

4 Dec 2014

This issue of Policy Quarterly features two symposia, the first dealing with New Zealand’s regulatory system and the second that discussed the NZ Constitutional Advisory Panel report’s recommendations including amending the New Zealand Bill of Rights Act 1990.

The system for assuring high quality...


2 Sep 2014

This issue of the G20 Monitor discusses the reform of international economic institutions, financial regulation, and the trade, accountability and anti-corruption agendas at the forthcoming Brisbane G20 Summit.

It also provides a summary of the key ideas from the ‘G20 Conference: Strengthening Accountability and...

Working paper

30 Jun 2014

This article assesses the performance of the G20 since the Global Financial Crisis by analysing the regulatory measures it has called for and their current stage of implementation. It then proceeds to consider the changes in the global financial system in the past 40 years...

Discussion paper

6 Feb 2014

Executive summary: At a National Press Club forum held 15 days before the federal elections of 7 September 2013, Liberal MP Kevin Andrews pledged that a Coalition government would abolish the Australian Charities and Not-for-Profits Commission (ACNC), a new regulatory body for the not-for-profit (NFP)...


5 Jul 2013

This paper canvases the role of the G20 in strengthening financial regulation.

Key findings:

Financial regulation has been central to the G20 since the first leaders’ summit in 2008. Leaders wanted to ensure that another devastating financial crisis would not happen again...


23 Apr 2013

When enacting the Australian Charities and Not-for-Profit Commission Act 2012 last year, the Gillard government declared that its reforms of the Australian not-for-profit (NFP) sector were motivated by the need to restore public confidence and trust in charities.

Informed by the 2010 Productivity Commission...


7 Nov 2012

In the first report one of the main findings was that low-income economies had very cumbersome regulatory systems. Ten years later it is apparent that business regulatory practices in these economies have been gradually but noticeably converging toward the more effi cient practices common in...


18 Jul 2012

Of most concern to business is the costs they face from local government planning and zoning assessment and building and construction regulation.

Key points

Implementing and enforcing state and territory laws, rather than local laws, dominates local governments’ regulatory workload. While...


15 May 2012

This research report for the study on the impacts of the Council of Australian Governments (COAG) Reforms: Business Regulation and Vocational Education and Training (VET). The report has three sections detailing an overview, Business Regulation and VET.

Effective economic reform promotes productivity growth and...

Discussion paper

6 Sep 2011

This review provides the opportunity to benchmark the performance of local government regulatory activities and how they impact on businesses.

There are 560 local government areas in Australia. They play an important role in delivering policies of all governments at the grass roots and...


19 May 2011

This report identifies wide-ranging differences in the ways all levels of government plan and zone land uses and assess development proposals.

In Performance Benchmarking of Australian Business Regulation: Planning, Zoning and Development Assessments – a report commissioned by COAG – the Commission compared the...


9 Aug 2010

This survey reveals the extraordinary extent to which Australian banks promote consumer debt through unsolicited offers for new credit cards, personal loans or increased credit-card limits.

The power of Australia's big four banks is unmistakable. Their underlying profits equate to almost three per cent...



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