Which of the following statements is NOT correct? The Council of Financial Regulators (CFR):
A)supervises the RBA,APRA and ASIC.
B)reports to the Government on the adequacy of the financial regulatory system formed by the RBA,APRA and ASIC.
C)is a structure allowing cooperation and coordination among the RBA,APRA and ASIC
D)has a representative from the Government to interact with the RBA,APRA and ASIC.

Question

Quizplus · Accepted Answer

The Council of Financial Regulators (CFR) does not supervise the RBA, APRA, and ASIC. Instead, it is a coordinating body that facilitates cooperation among these agencies.

Which of the Following Statements Is NOT Correct? the Council