The month of July 2021 saw the release of various anticipated consultations for the financial services sector.
In this wrap-up, we feature:
- ASIC’s consultation on the Financial Accountability Regime (FAR) draft bill which is set to improve the risk and governance cultures of the banking, insurance and superannuation sectors.
- Guidance on hawking reforms and the add-on insurance deferred sales model.
- Treasury consultation on relief to Foreign Financial Service Providers (FFSPs).
- APRA’s review of the risk management frameworks for business interruption claims.
Read the full update here.