This briefing argues that there is a solid use case for central bank digital currency (CBDC) that justifies the intense interest across multiple jurisdictions. At the same time, establishing the architecture, infrastructure and rules for access to CBDC will entail design choices that are not...
The raft of new rules imposed on regulated financial institutions in the aftermath of the global financial crisis has a huge compliance cost. Could artificial intelligence offer efficiency gains?
This report provides a summation of AUSTRAC’s strategic corruption risk environment and the development of its integrity framework to date. It also considers a proposed action plan or roadmap to assist AUSTRAC to transition to its desired integrity maturity state.
This report details the activities AUSTRAC have undertaken in the 2018-19 financial year to work with industry and partner agencies in the development and modernisation of our regulatory approach.
Australia has a vibrant and growing FinTech sector, with a significant number of startups and early stage ventures. Australia's RegTech industry is comparatively less well developed. This inquiry is about ensuring the settings are optimal to encourage and support Australian FinTech and RegTech businesses.
This discussion paper makes the case for the creation of a public bank in Australia by providing Australia Post with an Authorised Deposit-taking Institution (ADI) licence, and moving in time to establishing 'PostBank' as a full national savings and loan bank.
Providing a snapshot of the life insurance industry and its compliance with the Life Insurance Code of Practice, this report shows life insurers need a stronger commitment to their code compliance obligations.
This research paper looks at the trends, drivers and effects of foreign investment in Australia, and the Australian government’s foreign investment policy. Foreign investment is beneficial for the Australian economy, but brings some risk which can be managed by government policy.
The confirmed ‘fit and proper’ criteria outlined in this response report focus on whether all directors and senior managers of lenders and mobile traders are competent, financially sound, honest, reputable, reliable and competent to do the job.
This report compiles recommendations from McKell Institute’s May 26 ‘Reopening NSW’ Digital Roundtable, which were sourced from 14 participants representing a range of industries and organisations reflective of the diversity of the NSW economy.