Keeping on top of the latest financial services regulatory & compliance trends?

Investing time in your professional development within a rapidly changing financial services industry is challenging. To meet that challenge, the Australian regulators weekly wrap is designed to keep you at forefront of your practice by quickly setting out the top 5 developments from the past week, analysis and practical considerations for the future.

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Thought for the future: ‘regulatory impact statements’ seek to assist government officials to move towards ‘best practice’ regulatory design and implementation by requiring the completion of a detailed cost-benefit analysis. ASIC does do them (see here for example), but they do seem to be patchy. It would be really useful to see a consistent framework for RISs; the new auditing amendments cry out for one which can be tested…

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