Australia postpones Royal Commission financial sector reforms

The Australian government announced today it will postpone a series of reforms to the country's financial sector in the light of widespread disruption wrought by the covid-19 outbreak. The reforms were detailed in a series of some 50 recommendations set out by the Royal Commission in a report following a wave of banking and wealth management scandals across the country between 2012 and 2017. News of the delay was welcomed by the financial services industry. Philip Kewin, chief executive of the Association of Financial Advisers (AFA), "Access to financial advice will be critical for...