The Reserve Bank of Australia’s Term Funding Facility (TFF) was announced in March 2020 as part of a package of policy measures to support the Australian economy. This paper examines the effectiveness of the TFF in increasing the supply of credit to businesses, which was...

This report recommends the development of a principles-based regulatory framework for digital assets, such as private stablecoins, central bank digital currencies (CBDC), tokens and cryptocurrencies.

This discussion paper is the first in a series of papers that will look at how the finance sector can minimise harm from the misuse of its products by perpetrators of domestic violence. The paper calls for financial products to better support financial safety.

This consultation paper examines the regulatory challenges of emerging financial products, with a particular focus on Buy Now, Pay Later (BNPL) and the appropriate regulatory approach to maintain the benefits of accessing credit while ensuring consumers are adequately protected.

This report shines a light on young people’s relationship with money. It also provides insights into how this relationship intersects with matters of family, employment and the pandemic. The findings will be of interest to young people, those supporting young people, financial service providers, and...

This report explores the use of Buy Now, Pay Later (BNPL) among Good Shepherd clients, the impacts being seen from its use, and the role of BNPL in exploiting financial insecurity.

This review finds that the Consumer Data Right's (CDR's) statutory framework has so far been broadly effective in supporting the CDR's rollout, is sufficiently flexible and robust to accommodate further changes to achieve policy objectives, and has scope to further explore its limits as the...

This corporate plan highlights the work ASIC will be undertaking over the next four years, with an emphasis on regulating product design and distribution, sustainable finance, retirement decision making and technology risks.

The Consumer Data Right (CDR) currently applies to the banking, energy and telecommunication sectors. This assessment report recommends the designation of the non‑bank lending sector for the CDR.

This guide provides user-friendly checklists for financial service organisations to better understand, prevent and address financial abuse.

This policy brief presents evidence on the access to finance challenges faced by entrepreneurs from under-represented and disadvantaged groups and social entrepreneurs, and discusses how public policy and better regulation could harness the potential of fintech to address these challenges.

Evidence to this inquiry largely focused on the impact and/or the benefits of extending the existing AML/CTF regime to DNFBPs that are not already subject to regulation of this nature. As such, this report largely focuses on this issue, but also canvasses other aspects of...

This paper aims to explain why the information economy requires a new approach to accounting. It examines how the profession can reshape existing accounting standards to help fill the information gap, while developing an entirely new approach to gathering and reporting financial and non-financial information.

This report focuses on the interrelated economic risks that households, businesses, financial institutions and governments worldwide are facing as a consequence of the COVID-19 crisis. The report offers new insights from research on the interconnectedness of balance sheets and the potential spillover effects across sectors.

As central banks around the world prepare to launch central bank digital currencies (CBDCs), this paper looks at issues surrounding a retail version of CBDCs that would complement notes and coins for consumers.

This report identifies ‘Open Finance’ as the next priority area to expand Consumer Data Rights (CDR).

Financial counsellors are reporting that more and more clients have Buy Now, Pay Later (BNPL) debt and that this is causing financial hardship. The aim of this survey was to understand the extent of the issues, particularly given the broader context, as BNPL is now...

This review provided an opportunity for feedback on the operation of the Australian Financial Complaints Authority (AFCA) since its establishment, and to consider whether further enhancements should be made to ensure the external dispute resolution scheme is appropriately calibrated and operating effectively.

This inquiry report provides an overview of the payments ecosystem, outlining both old and new payment systems. It also provides an overview of the technologies that enable digital wallets and mobile payments, and details of the major platforms and services offered in Australia.

This report shares key takeaways from a workshop held in August with international and Canadian experts to develop advice for policy makers, regulators and market participants on how to advance the digitalization of money with a view to serving the interests of the users of...

The committee's final report makes 12 recommendations in relation to the regulation of digital assets in Australia, 'de-banking' practices affecting Australian FinTechs and other businesses, and several other issues relating to Australia's position as a technology and financial centre, to drive opportunities for innovative businesses...

This research paper examines how small and medium enterprises (SMEs) access debt finance in Australia.

Governments and multinational organisations around the world have begun exploring the feasibility of developing retail digital currencies for domestic and global payments. This policy brief does not address bitcoin or other privately issued digital currencies that are not backed by assets having intrinsic value.

The market for responsible investments in New Zealand has continued to soar in popularity, increasing 28% in 2020 to $142 billion, according to this report, and responsible investment assets grew at more than twice the rate of overall professionally managed investments.

In this document, the authors argue that 'greening' the finance system is a key part of the transition to 'net zero' emissions by 2050.