Question

What are the three regulatory agencies that work alongside the Treasury to make up the Council of Financial Regulators?

Option 1: ASIC, APRA, RBA
Option 2: ACCC, APRA, RBA
Option 3: ASIC, ACCC, APRA
Option 4: RBA, ASIC, ACCC

Answer 1

The Council of Financial Regulators is composed of ASIC, APRA, and RBA, which makes Option 1 the correct answer.

Step-by-step explanation:

The three regulatory agencies that work alongside the Treasury to make up the Council of Financial Regulators are: the Australian Securities and Investments Commission (ASIC), the Australian Prudential Regulation Authority (APRA), and the Reserve Bank of Australia (RBA). Therefore, the correct option is Option 1: ASIC, APRA, RBA. Each of these entities plays a crucial role in supervising and regulating different aspects of the financial system in Australia.

Answer: Option 1: ASIC, APRA, RBA