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ARTICLE · 04 MARCH 2020

Financial services monthly wrap-up: February 2020

Norton Rose Fulbright Australia
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Article summarises recent developments in the financial services industry.

AustraliaFinance and Banking
Jon Ireland
Jon Ireland
Charlotte Henry
Charlotte Henry
Ray Giblett
Ray Giblett
Matthew Farnsworth
Matthew Farnsworth
Stephen Putnins
Stephen Putnins
Anjelica Balis
Anjelica Balis
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The month of February 2020 has seen the passing of a number of bills implementing recommendations from the financial services Royal Commission, including measures strengthening the Australian Securities and Investments Commission's (ASIC) licensing, search warrant and banning powers as well as reforms to protect consumers. February has also seen the welcoming of proposals from both ASIC and the Australian Prudential Regulatory Authority (APRA) as co-regulators of the superannuation industry as well as the passing of the anticipated bill broadening the scope of Australia's Fintech sandbox.

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