finance assignemnt

Topic: 

In December 2013, the Government announced the terms of reference for the Financial System 

Inquiry. It has been 16 years since the last substantial review of this sector, the outcome being the 

Wallis Report. 

Your task is to write a critical essay; that responds to the following: 

1. Compare and contrast the terms of reference of the Wallis Inquiry and the recently 

announced Financial System Inquiry. Consider the economic, regulatory and global context 

that these inquiries were/will be undertaken in. 

2. Comment on the recommendations made by the Wallis Inquiry and their impact on the 

current financial services regulatory environment. 

Note: 

1. You can access the terms of reference for the Financial System Inquiry and the full Wallis 

report from www.fsi.treasury.gov.au 

Word count: 2000 words excluding bibliography but inclusive of any in-text reference with a 10% 

tolerance, anything over this will not be marked. You are expected to read widely and at least 6 

reference sources should be noted.

Referencing: For this essay please use Chicago referencing style –