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ARTICLE · 05 FEBRUARY 2014

Exchange - International: Australia

DLA Piper Australia
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‘Exchange – International’ newsletter discusses new regulatory developments in the Australian financial services sector.

AustraliaFinance and Banking
Mathias Hanten MBL
Mathias Hanten MBL
Michael McKee
Michael McKee
Jeffrey Hare
Jeffrey Hare

FINANCIAL SYSTEM INQUIRY – FINAL TERMS OF REFERENCE

A financial system inquiry, to be led by David Murray, former chief executive officer of the Commonwealth Bank of Australia received the final terms of reference from the government on 20 December 2013. A previous statement released by Prime Minister, Tony Abbott, and Treasurer, Joe Hockey, said the inquiry would report on:

  • how the financial system can more efficiently allocate Australian sourced capital to minimise Australiafs exposure to volatility in global capital markets;
  • how the system can best balance competition, innovation and efficiency, with stability and consumer protection;
  • the role and impact of new technologies, market innovations and changing consumer preferences; and

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