Mar
19
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
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
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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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)…
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…
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…
This week’s blog covers ASIC’s evolving approach to DDO, AUSTRAC’s newest enforceable undertaking and developments in the banking sector abroad.
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.
This week is all about the RBA’s CBDC announcement, FAR going through Parliament this March, ASIC’s action against Terracom and more!
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.
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