In the December 2019 edition of the FinCoNet newsletter, the organization announces the appointment of Ms. Maria Lúcia Leitão as the new Chair and Mr. Christopher Green as Vice-Chair. This leadership change was formalized during the Annual General Meeting (AGM) held on November 13-14, 2019, in Rome, Italy, hosted by the Bank of Italy. The AGM saw participation from representatives of 31 jurisdictions and international organizations, providing a platform for members to discuss and advance financial consumer protection initiatives.
The newsletter also highlights various regulatory developments and initiatives from member countries. The Central Bank of Brazil introduced the Agenda BC#, aiming to enhance efficiency, reduce costs, and improve regulation within the Brazilian financial system. Additionally, the Australian Securities and Investments Commission (ASIC) updated its guidance on responsible lending, emphasizing the importance of assessing consumers' financial situations to prevent unsuitable lending practices.