The Financial Stability Board (“FSB”) has completed its peer review of Australia, which follows on from recently completed reviews of Mexico, Italy and Spain. All FSB member jurisdictions have committed to engage in the system of peer review to complement Financial Services Assessment Programme (“FSAP”) assessments. The review of Australia finds that, among other things, “significant and commendable” progress has been made in meeting FSAP recommendations. Furthermore, it finds that macro-prudential policy oversight requires effective inter-agency coordination, and that Australia manages this coordination effectively.