Mutual ADIs are stepping up a campaign to "amend the APRA Act to give the prudential regulator an explicit 'secondary competition objective' and require APRA to report annually against this objective."The Customer Owned Banking Association is lobbying for three key reforms: "a fast tracked Productivity Commission review of banking competition, more focus on competition from APRA, and allowing customer owned institutions more capacity to raise capital," COBA chief executive Mark Degotardi said. "These measures make sense to us and they've been backed by recommendations from the 2014 Financial System Inquiry and Senate Inquiry into Co-operatives," he said. The Senate Economics Committee last year recommended that APRA set a target date for the outcome of discussions with the co-operative and mutuals sector on issues of capital raising "and bring those discussions to a timely conclusion", Degotardi said.