New member appointed to FRAA regulatory watchdog
Lawyer Fiona Crosbie has been appointed to the Financial Regulator Assessment Authority (FRAA).
Crosbie was chair and partner at Allens, where she had worked since 2001 and specialised in competition law.
She would sit on the FRAA from March 2022 to September 2026.
The FRAA was an independent statutory body for assessing and reporting on the effectiveness and capability of the Australian Securities and Investments (ASIC) Commission and the Australian Prudential Regulation Authority (APRA), set up following the Hayne Royal Commission.
In a statement, Treasurer Josh Frydenberg, said: “The combined skills and experience of the chair Nicholas Moore and members Craig Drummond and Ms Crosbie will support the FRAA’s ongoing reviews of ASIC and APRA.
“Through the establishment of the FRAA, the Morrison Government is ensuring that Australia’s financial regulators will continue to be strong and effective, maintaining the community’s trust and confidence in the financial system.”
This was the second prominent appointment from Allens in a week as last week, partner Michelle Levy was appointed to lead the Quality of Advice Review.
AUTHOR
Laura Dew
Recommended for you
Lonsec Research and Ratings has appointed a head of sales, completing the leadership team to boost its reach with financial advisers.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the wealth channel.
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
