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26 Aug 2014
Insight
Australia, Brisbane, Melbourne, Perth, Sydney
Herbert Smith Freehills has called on the Financial System Inquiry to support a new phase of regulation in the financial services sector.
Financial System Inquiry
Facilitative Regulation – our submission
Herbert Smith Freehills has called on the Financial System Inquiry to support a new phase of regulation in the financial services sector.
In a submission to the Financial System Inquiry, Herbert Smith Freehills argues that new ‘facilitative regulation’ is required to improve efficiency and enhance consumer understanding and confidence in the system.
“Consumer confidence is critical to an efficiently functioning market and in this post-GFC environment, it’s more important than ever that there is regulation in place to minimise system complexities, reduce reliance on paper disclosure and improve the consumer experience,” said Michael Vrisakis, partner at Herbert Smith Freehills.
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