16 January 2017
The ABA provided the BCBS with comments on two documents: Consultative document: The Regulatory treatment of accounting provisions – interim approach and transitional arrangements, and Discussion paper: Regulatory treatment of accounting provisions.Download PDF
The ABA fully supports the removal of the exemption for funeral expenses policies from the defintion of financial products.
The ABA welcomes the exclusion from the requirement to provide a Target Market Determination (TMD) of credit provided wholly or predominantly for business purposes. In implementing this legislation, it is important that the principle of scalability be flexibly applied and that clear guidance be given on this by ASIC. We welcome the clarification around the… Read more »