Latest Breaking News On - Financial regulator assessment authority bill - Page 1 : comparemela.com
Former Macquarie Bank CEO appointed FRAA chair
mortgagebusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagebusiness.com.au Daily Mail and Mail on Sunday newspapers.
Cronyism engulfs Morrison Government
macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
Australian Financial Services Regulatory Update - July 2021 | Jones Day
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Mortgage Business
Senate greenlights regulator of regulators By Sarah Simpkins 24 June 2021
The Senate has passed a bill that will establish an authority that ASIC and APRA are accountable to, two years after it was recommended by the banking royal commission.
On Tuesday night (22 June), the Senate passed the Financial Regulator Assessment Authority Bill 2021 with amendments. The law’s primary purpose is to establish the Financial Regulator Assessment Authority (FRAA), a body tasked with assessing the effectiveness and capability of ASIC and APRA.
It will become law once the Governor-General gives royal assent.
When he handed down his final report from the royal commission, commissioner Kenneth Hayne had called for a new oversight authority for the financial watchdogs, independent of government, as one of his recommendations.