King & Wood Mallesons

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Australia’s Financial System Inquiry: consultation to begin in January

Australia’s root-and-branch Financial System Inquiry (FSI) is progressing, with details of the final terms of reference, the full panel and the process released last week. The final terms of reference appear to place greater emphasis on the end users of the financial system and looks to incorporate a larger international focus.

The government released further detail on the FSI last week, releasing the final terms of reference for the first comprehensive inquiry into Australia’s financial systems since the Wallis Inquiry 16 years ago. The final terms of references for the FSI are largely unchanged from those released in November; however, there are a few notable exceptions…

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