This corporate plan highlights the work ASIC will be undertaking over the next four years, especially, promoting economic recovery, reducing risk of harm to consumers exposed to poor product governance and design, supporting enhanced cyber resilience and cyber security, and driving industry readiness and compliance with standards set by law reform initiatives.

This paper studies the role of collateral in credit markets under stress.

The 2019 Consumer Payments Survey (CPS) showed that Australians are continuing to switch to electronic payment methods in preference to cash for their day-to-day transactions. More recently, the switch to electronic payment methods is likely to have accelerated as a result of consumer and merchant responses to COVID-19.

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.

Technology can unlock further, much-needed support for people in the community who are struggling to get by, but it needs to be targetted in the right place. Nesta believes that partnerships can be part of the solution to support those financially excluded in UK society.