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KWM partner appointed to Payments System Board

A financial markets and financial systems law expert at global law firm King & Wood Mallesons has been appointed as a part-time member of the Payments System Board (PSB).

March 23, 2022 • By Jerome Doraisamy
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Scott Farrell
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Scott Farrell, who brings over 20 years of experience in financial markets and financial systems law as a partner at KWM, has been appointed to the PSB – which has responsibility for determining the Reserve Bank of Australia’s payments system policy – for a five-year period by the Morrison government.

 
 

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Mr Farrell has led, Treasurer Josh Frydenberg noted in a statement, a number of reviews for the Australian government, including the review into open banking in Australia in 2017, the inquiry into future directions for the consumer data right in 2020, and the review of the Australian payments system in 2021.

He also currently sits on the board of Industry, Innovation and Science Australia and is a member of the government’s Ministerial Advisory Council on Free Trade Agreements.

“The appointment of Mr Farrell maintains the high level of skills and experience on the PSB Board,” Treasurer Frydenberg said.

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Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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