FINSIA (the Financial Services Institute of Australasia), welcomes the opportunity to make a submission to the Treasury’s consideration of Education Standards for Financial Advisers. FINSIA’s purpose is to deepen trust in financial services by raising standards of professionalism.
FINSIA (the Financial Services Institute of Australasia), welcomes the opportunity to make a submission in relation to the Financial Accountability Regime Bill 2021 (the Bill).
FINSIA welcomes the opportunity to submit comments and feedback on the Financial Services Council ‘Affordable and Accessible Advice: FSC Green Paper on Financial Advice’ (Green Paper). Broadly speaking, FINSIA agrees with the proposals put forward in the Green Paper and believe them to be comprehensive and substantial in addressing the problems we are trying to solve regarding complex regulation, escalating costs of operating advice businesses with increased regulatory requirements, and future policy reform.
FINSIA supports the development of standards such as the Threshold Competence for Professional Bankers.
FINSIA thanks Treasury for the opportunity to provide feedback on its consultation paper, Enforceability of financial services industry codes. Broadly speaking, we support Treasury’s proposals.
Our submission highlights that FinTechs, while strong in technological knowledge and skills, may benefit from building their capabilities and standards in the business sector they are working in.
FINSIA believes that accountability needs to be founded on demonstrated competence to perform a role in the banking industry.
FINSIA welcomes the opportunity to comment on 'Consultation Paper 6: ASIC's power to ban senior officials in the financial sector' that forms part of the ongoing ASIC Enforcement Review.
The Financial Services Institute of Australasia (FINSIA) welcomes the opportunity to comment on the exposure draft of the Bank Executive Accountability Regime legislation.
The Financial Services Institute of Australasia (FINSIA) welcomes the opportunity to comment on the Bank Executive Accountability Regime Consultation Paper issued by Commonwealth Treasury.
