Post-GFC Regulatory Response

The GFC tested both the resilience of the Australian financial system generally and the performance of its regulators. We can learn many lessons from the GFC. This has been reflected in the substantial volume of regulatory change over recent years in Australia and internationally.The Inquiry considers this an opportune time to revisit Australia’s approach to stability and the prudential framework, consumer and conduct regulation, and our regulatory architecture, and in light of the GFC experience, to consider the need for any change.