Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 25-Jul-17

Shadow treasurer Chris Bowen will reveal on 25 July 2017 that Labor will review agencies that are involved in the regulation of the financial services sector if it wins the next federal election. He will speak at a meeting of the Financial Services Council, with Labor’s proposed review to be on top of its promised royal commission into the banking sector. The growing emergence of fintech and increased household debt are two of the reasons why Bowen will state that a review of financial services regulation is warranted.

CORPORATES
AUSTRALIAN LABOR PARTY, FINANCIAL SERVICES COUNCIL, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. COUNCIL OF FINANCIAL REGULATORS