The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was announced on 30 November 2017 and formally established on 14 December 2017. The Commissioner is to provide an interim report to the Government by 30 September 2018 and a final report by 1 February 2019.
The Australian Government had asked the Productivity Commission to undertake a 12-month inquiry into competition in Australia's financial system, known as the inquiry into Competition in the Australian Financial System.
There is a risk that the big banks are using brokers as a shield to divert attention away from allegations of their systemic issues, stifling of competition and massive community trust deficit.
Don’t blame brokers for big bank misconduct 9 April 2018 (A message from MFAA CEO, Mike Felton) There is a risk that the big banks are using brokers as a shield to divert attention away from all...
Combined Industry Forum Reports to Government on Broker Remuneration: Strong Package of Reforms to Address Key ASIC Proposals 11 December 2017 The Combined Industry Forum (CIF) has reported on a...
MFAA update on proposed ASIC Industry Funding Model 13 December 2016 The MFAA is concerned about Treasury's latest proposed ASIC Industry Funding Model and wishes to provide you with an overview...