The Financial System Inquiry (FSI), chaired by David Murray AO, yesterday released its Final Report, which has proposed some significant changes for the financial system in Australia, including in relation to capital adequacy, the regulatory system, consumer outcomes, general advice, superannuation and life insurance, and innovation and technology.
To read our insights in these areas, click:
- here for ASIC funding, resources and powers
- here for bank funding and prudential regulation
- here for consumer outcomes product for issuers
- here for general advice, superannuation and life insurance and
- here for innovation and technological change
We will continue to keep you up to date with further insights and FSI developments via the Herbert Smith Freehills FSI hub page.
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Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.