This presentation covers the Ripoll Report findings, recommendations and likely consequences of the recommendations, including:
- how will the abolition of commissions change the financial services industry?
- the values of financial services businesses
- likely approaches to ASIC auditing
- how much difference will a legislated fiduciary duty make, if any?
- how would the proposed MIS capital requirements operate?
- the new professional standards board - how will this interact with ASIC's powers to ban?