4 August 2023 - ASIC and APRA announce joint consultation on the Financial Accountability Regime Regulator Rules

We’ve been sharing our thoughts about the Financial Accountability Regime (FAR) since 2021, but this latest action caught our attention for several reasons.

With Australian Parliament still at least one stage away from passing the FAR Bill, financial regulators have asserted themselves early and together. This sends a clear signal that affected organisations need to prepare for FAR implementation from the outset – effectively from now.