Financial Services Regulation
Asia-Pacific Guide 2024 : Australia
Band 4
About
Provided by Gadens
Financial Services Regulation
Our Financial Services Regulatory Team continues to advise leading banks, insurers, superannuation firms and other financial services clients in relation to compliance with new and newly significant laws, responding to increasing regulatory inquiries and acting in associated court disputes. We are at the forefront of the significant developments in this sphere, including in advocating for what form changes to the laws should take. We are a trusted adviser to many of Australia’s largest financial institutions on their most complicated and sensitive regulatory matters. Our advisory work also extends to advising in relation to complex financial services, including in the highly regulated residential mortgage industry, as well as AFSL compliance and other credit licensing obligations.
Work highlights:
- Gadens is the go-to firm for the Australian Finance Industry Association (AFIA), the peak industry body for non-bank financial institutions and advised on the development of the Insurance Premium Funding Code of Practice (IPF Code).
Chambers Review
Gadens is noted for its well-regarded practice in financial services regulation law. The team often acts for substantial financial services companies, including major banks, in relation to investigations and proceedings from regulatory bodies such as ASIC and APRA, as well as being engaged by those bodies to assist on such investigations. It provides clients with further advice regarding licensing and regulatory compliance. The firm's notable clients include Realty Assist Australia, ASIC and Judo Bank.
Kathy Merrick and Liam Hennessy are key contacts for clients.
Work Highlights
- Gadens advised Australian Securities Investment Commission on the development of the Insurance Premium Funding Code of Practice.
Strengths
Provided by Chambers
"The team are very knowledgeable and skilled in dealing with and responding to complex Chapter 7 issues."
"The team are very knowledgeable and skilled in dealing with and responding to complex Chapter 7 issues."