Andrew Bascand, Simon Momich |Feb 5, 2019
- Reshaping financial advice in Australia,
- an overhaul for financial regulation,
- however little fresh news for the banks
After a year long review the Hayne Royal Commission (RC) into Misconduct in Financial Services has laid out recommendations. This reshaping of the financial services industry has significant implications and received strong political support, ahead of a likely election by 18 May 2019. It is possible that the Labor Party may have a harsher interpretation of potential changes than the RC recommends.