Financial services regulatory

Governance and Risk Management

Heavily regulated governance and risk management frameworks are difficult to navigate and are constantly evolving. Individual accountability should be enough to ensure a strong governance and risk management framework. Unfortunately, it's not. Regulators are present and expectations are increasing to ensure your governance model is sound and your risk management systems are compliant.

We assist in identifying risks, even before they become risks, and how to mitigate these moving forward. Our approach to governance and risk management frameworks is simple, be ahead of the curve. Together with our forensic technology services team we are well versed in creating solutions that allow you to develop and implement programs and build compliance technology solutions so that you are able constantly to keep your finger to the pulse. We have the knowledge and expertise to identify shortfalls in your frameworks and the ability to work with you to amend, adjust or develop solutions to manage regulatory change that may affect your business model.


imageRegulatory Change and Compliance Advisory
imageRegulatory Transaction Support
imageEnforcement, Investigations and Disputes
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A client praises the practice's exceptional quality of work and strong technical knowledge, further describing the team as "reliable".
Chambers Asia Pacific

Experience

Major Australian Banks and financial institutions

Advising a number of financial institutions on BEAR including designing and enhancing operating models in light of BEAR compliance and have undertaken significant full scale internal BEAR investigations.

APRA Inquiry

We advised CBA in relation to all aspects of APRA's Prudential Inquiry into its governance, culture and accountability, particularly the bank's approach in dealing with non-financial risks. As a result, we have developed market-leading understanding of the legal issues associated with governance, culture and accountability in the financial services industry.

Life insurer

Advised the board of a life insurer on a range of matters associated with its separation from a group of financial institutions.

BEAR / FAR Compliance

We have advised a major Australian bank on the design and implementation of systems, processes and frameworks to comply with the Banking Executive Accountability Regime (BEAR), including working with clients to achieve best practice post initial operationalisation and advising on the proposed changes to be introduced under the transition to the Financial Accountability Regime (FAR).

Directors and Officers Duties

Provide regular advice to Boards and senior executives on director and officer duties.

Knowledge & insights

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ASIC puts finfluencers on notice

ARTICLE, 31 Mar 2022
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Australian Treasury consults on proposed regulatory framework for crypto asset secondary service providers

ARTICLE, 31 Mar 2022
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FAR Bill receives endorsement to proceed

ARTICLE, 16 Feb 2022
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Foreign investment threshold reduced to 10% for expanded list of Australian businesses deemed to be "critical"

ARTICLE, 3 Feb 2022
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Too little too late to challenge findings of misleading conduct over financial products

ARTICLE, 3 Feb 2022

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Craig Hine

Sydney
Special Counsel