Financial Services Regulation
Asia-Pacific Guide 2024 : Australia
Band 2
Email address
[email protected]Contact number
+61 2 9263 4000About
Provided by Gilbert + Tobin
The financial services sector faces unprecedented opportunity, as well as increased regulatory risk and enforcement activity, in the wake of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Gilbert + Tobin’s financial services regulation practice supports businesses that are participating in, innovating or disrupting payments, markets and platforms and infrastructure. We also advise participants on risk, compliance and engagement in a sector under increased scrutiny from regulators, focussed on demonstrating that they are strong on enforcement.
We have a deep knowledge of the regulatory, social and commercial challenges facing participants in this industry, as well as the numerous opportunities available to financial services clients. We provide full-service financial services offering to support clients through the full commercial landscape, from platform, products and transactional advice through to engagement with regulators, risk and compliance programs and investigations, and we have strong relationships and significant experience in engaging with regulators.
Chambers Review
Gilbert + Tobin maintains a highly regarded regulatory dispute resolution team with a strong following among financial services clients. The team also actively advises on front-end regulatory matters, with noteworthy capability in the regulation of new fintech products, including licensing for new financial products and digital payment systems. The firm's key clients include major banks, accounting firms, asset management companies and other financial services participants, such as Westpac, Deloitte and Credit Suisse.
Work Highlights
- Gilbert + Tobin advised Credit Suisse and Credit Suisse (Australia) on an ASIC investigation regarding transactions, including some that did not proceed, involving Credit Suisse and Greensill.
Notable Practitioners
Richard Harris is well regarded for his contentious practice, frequently acting for banks and other financial services clients on disputes.
Peter Reeves is particularly well noted for his work in the fintech space, frequently assisting clients on matters such as those involving payment systems and cryptocurrency.