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Consumer financial protection: future directions

Author

Listed:
  • Richard Sandlant

    (Treasury, Government of Australia)

Abstract

With governments around the world taking a renewed interest in effective consumer financial protection, this paper focuses on four key pillars: financial literacy, disclosure, advice, and product regulation. Although there is no one ‘silver bullet’ that will provide effective consumer financial protection on its own, there are potential synergies between these four pillars (and other measures), which can have a multiplier effect on the effectiveness of individual components, enhancing the overall efficiency of the policy framework.

Suggested Citation

  • Richard Sandlant, 2012. "Consumer financial protection: future directions," Economic Roundup, The Treasury, Australian Government, issue 1, pages 31-44, May.
  • Handle: RePEc:tsy:journl:journl_tsy_er_2012_1_2
    as

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    File URL: http://www.treasury.gov.au/~/media/Treasury/Publications%20and%20Media/Publications/2012/Economic%20Roundup%20Issue%201/Downloads/02%20Consumer%20Financial%20Protection.ashx
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    File URL: http://www.treasury.gov.au/PublicationsAndMedia/Publications/2012/Economic-Roundup-Issue-1/Report/Consumer-financial-protection
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    References listed on IDEAS

    as
    1. Cambpbell, John Y. & Jackson, Howell Edmunds & Madrian, Brigitte & Tufano, Peter, 2010. "The Regulation of Consumer Financial Products: An Introductory Essay with Four Case Studies," Scholarly Articles 4450128, Harvard Kennedy School of Government.
    2. Cass R. Sunstein & Richard H. Thaler, 2003. "Libertarian paternalism is not an oxymoron," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 48(Jun).
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    consumer protection; financial institutions; government policy and regulation; personal finance;

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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