Chalmers pushes planning scheme amid torrent of new banking rules

Financial regulators will be required to consider the burden any new rules place on lenders, especially smaller banks, Treasurer Jim Chalmers has said.

Dr Chalmers said the new measures – which would apply to the Australian Securities and Investments Commission, the Australian Prudential Regulation Authority and the Reserve Bank – would push regulators to consider how they are introducing changes to avoid overburdening banks.