Australian Regulators Weekly Wrap

By Liam Hennessy

Latest Releases

Mar

19

Australian regulators weekly wrap — Monday, 20 March 2023

This week's blog covers ASIC's evolving approach to DDO, AUSTRAC's newest enforceable undertaking and developments in the banking sector abroad. ...

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Mar

12

Australian regulators weekly wrap — Monday, 13 March 2023

This week's update contains the news we have all been waiting for - FAR has passed! It is hard to concentrate on anything else, but I have also covered whistleblowing reports from ASIC, its action on unlicensed credit activities and Mr. Longo's view...

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Mar

10

Design, distribution and cryptocurrency investment – a sharp position taken by ASIC

ASIC’s Product Intervention Power (PIP) under its Design & Distribution (DDO) regime is still a relatively new tool in their regulatory tool kit. It…...

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Australian Regulators Weekly Wrap – 1 July 2019

Responsible lending:following ASICs release of itsconsultation paperin February 2019 in respect of updating its guidance on responsible lending (RG 209), ASIC announced that it intends to hold public hearings concerned with responsible lending practices (a prominent theme in the recent Hayne Royal Commission)…

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Australian regulators weekly wrap Monday 15 July 2019

Production intervention:ASIC is not wasting any time??hot off the heels of its recent consultation paper as to how it should best use its new product invention power (read more about that in the 1 July 2019 alerterhere) ASIC has released a consultation paper (CP 316)on its first proposed…

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Australian regulators weekly wrap Monday 8 July 2019

Foreign licensing relief:ASIC released aconsultation paper(CP 315) proposing to provide licensing relief i.e. from the need to hold an AFSL for foreign financial services firms providing funds management advice to Australian professional investors. ASIC decided against giving relief for situations of reverse…

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Australian regulators weekly wrap — Monday, 13 March 2023

This week’s update contains the news we have all been waiting for – FAR has passed! It is hard to concentrate on anything else, but I have also covered whistleblowing reports from ASIC, its action on unlicensed credit activities and Mr. Longo’s views on directors duties.

Read More »

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About Liam

Liam Hennessy specialises in financial services risk and compliance, licensing and regulatory matters,  as well as crypto regulation and fintech.  Liam’s experience covers long periods working in Sydney, Brisbane,  Melbourne and London.

He is a committed thought leader, serving in a number of academic and policy positions.  Liam holds a Master of Laws from the Sydney University,  specialising in advanced corporate governance and regulation,  and is the creator and lecturer of financial services regulation law at Griffith University.  In addition to his authoring LexisNexis and general commentary in the media, Liam maintains the Australian Regulators Weekly Wrap to provide the industry with a weekly overview of the latest developments within the space.

Liam Hennessy
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