Albanese government plans to introduce a UK-model financial sector regulatory grid in Australia for enhanced coordination, simplified regulation, and transparency.

The Albanese government plans to introduce a financial sector regulatory grid to enhance coordination and coherence in Australia's financial industry. This grid, based on the UK model, aims to simplify regulation, promote transparency, reduce compliance burden, and provide businesses with clear visibility of potential regulatory impacts. The initiative is supported by the Australian Banking Association, which anticipates improved planning, coordination, and innovation.

March 10, 2024
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