The Royal Commission Hub
11 June 2019
The Australian Banking Royal Commission – What Happened, What Now and Lessons for Hong Kong
The final report into misconduct in Australia’s banking and financial services industry has regulatory and commercial ramifications for Hong Kong. Matt Egerton-Warburton discussed the impacts with Hong Kong Lawyer. Read more >
06 May 2019
ALRC Review of the corporate criminal responsibility regime
On 10 April 2019, the Commonwealth Attorney-General announced that the Australian Law Reform Commission (ALRC) would undertake a comprehensive review of Australia’s corporate criminal responsibility regime.
The ALRC will also consider the recommendations of the Hayne Royal Commission and the ASIC Enforcement Review Taskforce. Read more >
04 April 2019
ASIC’s new product intervention powers & 6 reasons to review retail financial and credit products now
The Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) legislation has passed with amendments (including extending the regime to credit facilities). ASIC’s new intervention powers are likely to commence this month. Product issuers should start reviewing affected products now. Read more >
04 March 2019
There have been a number of developments since the Government’s release of the final report of the Royal Commission into the Financial Services Industry and the Government’s response on 4 February 2019.
Our experts outline the latest non-legislative developments since 4 February and how quickly they will be implemented. Learn more >
11 Feb 2019
We will keep you up-to-date as the impact of the final report into Australia's Financial Services Industry unfolds.
The final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was released by the Government on Monday 4 February.
Our recently published in-depth analysis considers the recommendations with a focus on the consequences for industry and suggestions as to what you should do next.
Our Royal Commission Hub will keep you informed and up-to-date as the implementation of the final report progresses. Here you can access related content, useful resources and keep in touch with our dedicated Financial Services Regulation Team.
We are happy to assist you in considering the final report and how it impacts to your business further. Please contact your usual KWM contact or Jim Boynton at firstname.lastname@example.org if you would like to discuss the report further.