The Australian Competition and Consumer Commission (ACCC) has granted interim authorisation to the Australian Sustainable Finance Institute (ASFI) and its member banks. This authorisation allows them to engage in discussions and share information specifically to develop proposals for reform related to regulatory capital requirements in Australia.

The interim authorisation comes with a condition that mandates the parties to adhere to a competition protocol. This protocol is designed to ensure the proper handling of competitively sensitive information during their discussions.

ASFI is a collaborative initiative that includes representatives from the Australian financial sector, civil society, academia, and financial regulators. The goal of this collaboration is to address the constraints on sustainable finance and investment within the country.

For more details regarding ASFI’s application and the ACCC's decision on interim authorisation, further information is available on the ACCC's official website.