Financial services industry
Report
Unlocking generosity: the potential gains from expanding access to advice on charitable giving
This report explores the potential gains from expanding access to advice on charitable giving in Australia. It finds that a range of barriers stop people from giving more to charity. The report focuses on the powerful role that professional advisers and fundraisers could play in reducing these barriers and helping more Australians to give generously.
Report
State trustees' financial administration services
State Trustees manage the finances of clients unable to manage their own money due to disability, dementia or mental illness. This audit found that State Trustees' financial administration services support the rights and interests of clients, but it should make clearer its reasons for declining clients' requests for extra money.
Report
Financial abuse: an insidious form of domestic violence
This report examining financial abuse in Australia provides a comprehensive analysis of the issue, identifies key challenges within legislation, regulation, and financial institutions, and puts forward 61 recommendations to prevent and mitigate financial abuse. It calls for legislative amendments, enhanced support services for victims, improved response mechanisms, and greater collaboration between government agencies and those...
Report
Beware the gap: governance arrangements in the face of AI innovation
This report examines the risk and mitigation strategies used by Australian financial services licensees around AI implementation. The report identifies a growing 'governance gap' in which AI adoption outpaces risk management and governance frameworks. It calls on licensees to proactively update their governance arrangements to minimise the risk of consumer harm and ensure safe and...
Literature review
The growth gap: a literature review of regulation and growth
This review summarises the current evidence base connecting financial services regulation to economic growth. It focuses on three key routes to support growth: increasing exports by enhancing the international competitiveness of financial services, increasing the productivity of the UK financial services sector and supporting broader economic growth in the production and distribution of non-financial goods...