The ACCC has today granted interim authorisation, with a condition, to the Australian Sustainable Finance Institute (ASFI) and its member banks to discuss and exchange information solely for the purpose of developing proposals for reform for submission to Government to address constraints on sustainable finance and investment in Australia. Interim authorisation is granted specifically, and only, in relation to regulatory capital requirements in Australia.
Interim authorisation is granted with a condition that the parties must abide by a competition protocol for the handling of competitively sensitive information.
ASFI is a collaboration between representatives of the Australian financial sector, civil society, academia and financial regulators.
Further information on ASFI’s application and the interim authorisation decision is available on the ACCC’s at: Australian Sustainable Finance Institute Limited