The broad framework for regulation is coordinated by the Australian Government through the Treasury and which other body?

The broad framework for regulation in Australia is coordinated by the Treasury and the Council of Financial Regulators. This collaborative body includes the Reserve Bank of Australia, the Australian Securities and Investments Commission, and the Australian Prudential Regulation Authority. Its primary purpose is to enhance the stability and integrity of the financial system. By coordinating efforts and sharing information, the Council of Financial Regulators ensures that regulatory measures are effectively implemented across different sectors of the financial landscape, thereby promoting greater consumer confidence and systemic stability.

The other entities listed, while important in their respective roles within the financial system, do not have the overarching responsibility for coordinating regulatory frameworks as the Council does. The Reserve Bank of Australia, for instance, focuses primarily on monetary policy and financial stability but operates independently within the framework established by the Council.