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.