What's New
The CFR publishes a statement following each of its regular quarterly meetings. It also publishes a range of other statements, reports and papers from time to time.
Stay up-to-date with the latest news from the CFR with a subscription to updates by email. The timing of forthcoming quarterly statements will be published here a few days prior to their release.
Member Agencies
Who We Are
The CFR is the main coordinating body for Australia’s financial regulators. There are four members: the Australian Prudential Regulation Authority (APRA), the Australian Securities and Investments Commission (ASIC), the Australian Treasury and the Reserve Bank of Australia (RBA), which chairs the CFR. It is a non-statutory body and has no legal functions or powers separate from those of its individual member agencies. The CFR facilitates cooperation and collaboration across member agencies, with the ultimate aim of promoting the stability of the Australian financial system and supporting effective and efficient regulation. In pursuing this aim, the CFR also seeks to support competition in the financial system.
Charters and MOUs
The CFR Charter outlines the objectives, scope and operation of the CFR. The CFR’s Memorandum of Understanding on Crisis Management sets out a framework for coordination across agencies to support the Australian financial system in instances of potential or actual financial instability. CFR agencies also work closely with each other on a bilateral basis, as set out in the relevant Memoranda of Understanding between agencies.
CFR Work Program
The CFR’s collective objective of promoting financial stability is supported by coordinated activities across three broad areas: systemic risks and vulnerabilities, regulatory coordination, and crisis management.