In the last quarter, the main regulatory changes have been COVID-19 relief measures and the postponement of many regulatory initiatives that no longer seem so important amidst the lockdown and recession. These are covered in our latest Financial Services and Credit Quarterly Update, which you can download here.
The event which may have the biggest impact was the failure of ASIC’s appeal in the Westpac responsible lending case, which means that lenders will now have more freedom to decide how to use customer information when making loan suitability assessments.
We hope you find our update useful.
Patrick Dwyer and Kathleen Harris
Click here to subscribe to our email list for news, comment and analysis