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Inquiry into Financial Technology and Regulatory Technology

The COVID-19 pandemic has dramatically altered the economic and financial environment in Australia and has impacted significantly on its Financial Technology (FinTech) and Regulatory Technology (RegTech) sectors.

The Law Council is particularly interested technological solutions and relevant regulatory changes that have been (or should be) implemented in response to the COVID-19 pandemic which are enabling Australian businesses and other organisations to continue.

As the peak body for the Australian legal profession, the Law Council is also interested in the impacts of the pandemic on the legal profession and any regulatory initiatives that have been effective or lacking to support this sector.

To this end, the Law Council has focussed its submission on key regulatory shifts that have utilised technology in the current climate, as well as COVID-19 related measures that have had an impact on the legal profession.

You can read the full submission below.

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