The much anticipated proposed regulatory model for extending the BEAR to RSEs and Insurers was released by Treasury on 22 January 2020.
The Proposal Paper, sets out the Government’s proposed approach to implementing Recommendations 3.9, 4.12, 6.6., 6.7 and 6.8.
Practice Director for Ash St. Governance, Compliance and Regulations, Samantha Carroll, takes a look at what impacted institutions should be across, key takeaways including timeline and her thoughts on the approach taken by Treasury.
Access From BEAR to FAR