KWM and KPMG Law to jointly support UNSW Sydney Chair in Disruptive Innovation and Law

AU | EN
Current site :    AU   |   EN
Australia
Belgium
China
China Hong Kong SAR
Germany
Italy
Japan
Singapore
Spain
UAE
United Kingdom
United States
Global

Professional services leaders, KPMG and King & Wood Mallesons (KWM), and UNSW Sydney have announced their collaboration in RegTech and FinTech research development through the Chair in Disruptive Innovation & Law at UNSW Sydney. The five-year partnership supports the work of UNSW Scientia Professor Ross Buckley, a world-leading scholar in international financial regulation.

Stuart Fuller, Head of KPMG Law at KPMG Australia, said KPMG was committed to aligning ways of working and delivering consistently on the firm's digital promise through such initiatives.

"The combination of technology, data and AI – coupled with intense business and regulatory change – is transforming the economy, business, and the delivery of services, as well as the legal industry itself," said Mr Fuller. 

"Our clients have to drive growth against a background of disruption and innovation - as do we as their key advisers.  Transformation is the new normal.  That is one of the key reasons for us joining with KWM to sponsor the Chair in Disruptive Innovation and Law at UNSW."

Berkeley Cox, Chief Executive Partner, Australia, at KWM said KWM consistently strives to stay at the forefront of developments in the law so we can understand how it affects our clients. 
Helping our clients achieve their strategic and operational objectives in this complex environment is our role, and supporting research and education with KPMG in this domain through this Chair aligns with that objective.i

"Navigating the laws across our interconnected world and helping to shape them to facilitate the opportunities and address the challenges presented by technological disruption is a key challenge we face.  KWM is very pleased to invest in research and knowledge sharing in this area, collaborate with KPMG and UNSW, and play a role in that journey," said Mr. Cox. 

Both Mr Fuller and Mr Cox said that they see this announcement as a unique development in professional services where two industry leaders combine to make a significant investment in the fast-growing areas of financial services regulation and FinTech – just as the market place faces heightened disruption.

George Williams AO, Dean of Law at UNSW said that supporting future leaders in disruptive innovation and law via this collaboration went beyond the production of innovative ideas and insights.

"We believe the Chair, and the work of Professor Buckley, will have a tangible impact on the delivery of key new technologies in Australia and globally," said Professor Williams. "Since 2012, Professor Buckley's research has achieved a number of world-first breakthroughs in technology law."

"The rise of FinTech, RegTech and blockchain is transformative and the law is struggling to adapt. Working at the cutting edge of facilitating this technological revolution is tremendous fun," said Professor Buckley who was also recently appointed Chair of ASIC's Digital Finance Advisory Committee.