Financial Accountability Regime (FAR)

Financial Accountability Regime (FAR)

Preparing for accountability regimes in superannuation, insurance and beyond

The Banking Executive Accountability Regime (BEAR) has applied to Authorised Deposit-taking Institutions (ADIs) in Australia since 2018. It is expected that legislation will be introduced into Parliament to pass the Financial Accountability Regime (FAR) in Spring 2021.

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