Financial Services Regulation

Our Banking & Finance team regularly advises on the regulation of markets, institutions, products and related documentation. Taking novel approaches to the implementation of regulatory change, we help clients drive new business through product innovation, while helping to manage their risks through comprehensive compliance programs.

Our track record includes acting for:

• the Australian Government and banking industry on The Australian Government Guarantee Scheme
• the International Swaps and Derivatives Association, the Australian Financial Markets Association and leading financial institutions on the impact of reforms to Australia’s personal property security laws on derivatives and collateral arrangements
• a major financial services client on various retail product development issues, adapting market products for retail distribution (including soft commodities, equity options and an ASX 200 Investment product) and creating a lending structure which could be used by a major financial services client’s superannuation fund customers to fund share investments
• stakeholder discussions with the Australian government on law reforms affecting the Australian derivatives and carbon markets and with the three Australian financial regulators on international developments on over-the-counter derivative clearing houses and central counterparties, including stakeholder discussions with the three Australian financial regulators
• global clients in the preparation of Early Warning Reports to be aware of regulatory and other developments in the changing regulatory landscape
• major international corporates and financial institutions on consumer credit code, AML etc
• invited to appear before the Senate Inquiry into Competition in the Banking Sector (King & Wood Mallesons was the only firm to be invited to do so)
• developing the standard documentation for carbon emissions trading in Australia.