This booklet, Action Plan for Enduring Prosperity: A Strong, Stable and Competitive Financial System, is a chapter of the full report of the Business Council of Australia’s Action Plan for Enduring Prosperity.
The action plan identifies 93 recommendations across nine policy areas that can deliver prosperity through well-managed growth. This booklet is focused on a strong, stable and competitive financial system.
A stable and well-regulated financial system helps the economy grow and prosper by spreading risks more efficiently and by facilitating the funding of productive investments. Australia’s capital markets have a very solid foundation and will provide a strong underpinning to our future growth prospects.
We need to maintain confidence in the financial markets and find the right balance between stability and system resilience on the one hand and competition and productivity in the sector on the other.
The booklet also contains a suggested approach to the phasing of the policy recommendations and an assessment of their ease of implementation versus their overall importance.