Financial services monthly wrap-up: February 2020

Authors: Jon Ireland, Charlotte Henry, Ray Giblett, Matthew Farnsworth, Stephen Putnins, Anjelica Balis

Australia Publication February 2020

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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