Australia

Details

  • Service: Topics, Financial Services Regulation
  • Industry: Financial Services
  • Type: White paper
  • Date: 1/09/2014

Financial System Inquiry: KPMG Final Submission 

KPMG welcomes the opportunity to present our final submission to the Financial System Inquiry (FSI) panel.

Our first submission focused on five themes we considered to be prerequisites for a stable, efficient and competitive financial system that meets the future needs of the Australian economy. We are pleased that these themes have been addressed in the Interim Report.

 

This final submission focuses on a selection of key issues we believe requires greater attention.

 

Key considerations

  • The need to improve our regulatory framework to better balance stability, growth and efficiency.
  • Opportunities to improve operational efficiency within the Australian superannuation system by capitalising on existing regulatory changes and encourage competition and member engagement.
  • The opportunity to provide the Government with guidance on financial system specific tax issues rather than defer to the Tax White Paper process.

 

Financial System Inquiry: KPMG Submission

KPMG’s detailed response to the Financial System Inquiry, which aims to establish a direction for the future of Australia's financial system.
 

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