Select Committee on the Financial Technology and Regulatory Technology
On 11 September 2019, the Senate resolved to establish a Select Committee on Financial Technology and Regulatory Technology. The committee will inquire and report on the following matters:
a.the size and scope of the opportunity for Australian consumers and business arising from financial technology (FinTech) and regulatory technology (RegTech);
b.barriers to the uptake of new technologies in the financial sector;
c.the progress of FinTech facilitation reform and the benchmarking of comparable global regimes;
d.current RegTech practices and the opportunities for the RegTech industry to strengthen compliance but also reduce costs;
e.the effectiveness of current initiatives in promoting a positive environment for FinTech and RegTech start-ups; and
f.any related matters.
The committee is to present its final report on or before the first sitting day in October 2020.
Key People
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Ms Lyn Beverley
Canberra Phone (02) 6277 3535
Canberra Fax (02) 6277 5818
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