Reform will come: FOFA father predicts life for accountants post Royal Commission
Accountants and financial advisers will be operating in a “very different environment” after the Royal Commission, according to the architect of the Future of Financial Advice Reforms, Bernie Ripoll.
Financial and professional services circles should expect genuine reform which targets executive level leadership, Mr Ripoll said, as well as a cashed up corporate regulator which can effectively police new legislation. So far, federal treasurer Scott Morrison has floated the prospect of jail time for culpable executives.
Read the full article at Accountants Daily.