Australia's Department of the Treasury published a readout of the inaugural UK-Australia Joint Financial Regulatory Forum, held virtually on 24 September 2025, as part of the UK-Australia Free Trade Agreement commitment to deepen financial regulatory cooperation. Participants exchanged views on regulatory reform, pensions regulation and digital assets, alongside broader discussion of multilateral priorities for financial stability. The Forum was jointly chaired by HM Treasury Director General for Financial Services Gwyneth Nurse and Australian Treasury Deputy Secretary for the Markets Group James Kelly, with participation from the Bank of England, the Financial Conduct Authority, the Australian Securities and Investments Commission, the Reserve Bank of Australia and the Australian Prudential Regulation Authority. Discussions covered approaches to enabling market access and recognising overseas regulatory regimes, the UK’s work on competitiveness and growth-related regulatory initiatives and Australia’s Council of Financial Regulators agenda, pensions tools and frameworks including Australia’s Member Outcomes Assessments and the UK’s developing Value for Money framework, and each country’s evolving crypto asset and stablecoin regimes; the UK also set out Bank of England Governor Andrew Bailey’s priorities as Financial Stability Board Chair, including work on non-bank financial intermediation risks and improved surveillance tools. Further bilateral engagement was flagged on pensions, and both sides noted continued work on stablecoin approaches through international fora such as the Financial Stability Board and the International Organization of Securities Commissions as well as bilaterally, including options for joint working and supervisory cooperation. Additional official-level discussions are planned on open finance and sustainable finance, and an industry-led UK-Australia business roundtable followed on 25 September 2025.

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