Financial Services

Our experienced corporate and regulatory team has particular expertise in the financial services, capital, credit and investment sectors.

We provide legal advice across all aspects of the business of financial services including wholesale and retail financial services, both domestically and by foreign providers, and we understand local and global implications. We cover a range of product sectors and markets including insurance, payments, foreign exchange, derivatives, managed investments, superannuation, non-cash payment facilities, securities, deposit products and credit facilities.

Our Financial Services team assists clients across a range of practice areas including transactions, product development and innovation, distribution in Australia and globally, regulatory guidance, licensing and product disclosure, governance, workplace relations, risk compliance and prudential regulation.

We have an extensive network with all types of market participants in the financial services sector and an in-depth understanding of the policy objectives of relevant regulators including APRA, ASIC, ASX, ACCC and AUSTRAC. Our team consistently monitors regulatory reform and we are well positioned to assist our clients in regulatory investigations.

Our clients encompass a wide range of financial services businesses, listed companies and other market participants both onshore and offshore including start up-ventures in the financial services industry and established financial services operators.

PERSPECTIVES

  • Mar 8, 2019
  • Author: Michael Bracken
  • INSIGHT: ASIC’s regulatory approach to enforcement post-Hayne

    What to do if you receive an ASIC Notice Following on from our from our preliminary analysis of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry  we predicted that one of the outcomes of the Recommendations of the Hayne Commission Final Report would be a likely increase in regulatory activity, […]

  • Corporate & Commercial,
  • Feb 14, 2019
  • Author: Michael Bracken
  • INSIGHT: Six axioms emerging from the Hayne report

    A preliminary analysis of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. As foreshadowed in our previous Financial Services Insight, which deals with the Interim Report, the period of public hearings has been completed and Commissioner Hayne released the Commission’s Final Report on 4 February 2019. The Final Report includes […]

  • Corporate & Commercial,
  • Dec 6, 2018
  • Author: Michael Bracken
  • INSIGHT: A Game Changer for Mutuals – New Law Expands Capacity to Raise Capital

    Mutual Entities Bill 2018: Tranche 2 On 26 November 2018, the Commonwealth Government released for public consultation an exposure draft of the Treasury Laws Amendment (Mutual Entities) Bill 2018: Tranche 2 (the Bill) which introduces a new bespoke capital instrument in the Corporations Act 2001 for all eligible mutual entities. Under the Bill, a mutual […]

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