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New Breach Reporting Regime for financial services licensees: As simple as assembling a springless trampoline - Finance and Banking


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After browsing the recently-tabled 153-page Financial Sector
Reform Bill, I was struck by the irony of Hayne s comments in
his Interim Report:
Should the existing law be administered or enforced
differently? Is different enforcement what is needed to have
entities apply basic standards of fairness and honesty: by obeying
the law; not misleading or deceiving; acting fairly; providing
services that are fit for purpose; delivering services with
reasonable care and skill; and, when acting for another, acting in
the best interests of that other? The basic ideas are very simple. ....

Financial Sector , Reform Bill , Interim Report , Enforceable Undertakings , Breach Reporting , Holley Nethercote Style , நிதி துறை , சீர்திருத்தம் ர சி து , இடைக்கால அறிக்கை , மீறல் புகாரளித்தல் , ஹோலி நெதர்கோட் நடை ,