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Financial Services

Corrs recognises that the high level of regulation in the financial services industry represents significant risk. Every day we work with our clients to help them recognise and manage the issues relevant for their business and turn risk and reform to an advantage.

As market leaders, we have been called to advise on growing market trends affecting the sector. One recent example is the increasing number of mergers and demergers by major financial services players, often in response to the strains of the global financial crisis. We’ve also been involved with major submissions and industry consultation associated with the Cooper Review, The Future of Financial Advice, and personal property securities reforms.

Corrs has a dedicated national group of advisors in financial services, superannuation, insurance, pension and sovereign wealth, funds management and investment. They combine industry experience across many sectors with expertise in varied and complex issues.

Our Thinking

Financial services providers beware: ASIC’s regulatory priorities over the next four years

Investment banks, issuers, brokers, lenders, financial market participants, responsible entities, company directors, auditors and insolvency practitioners are all in ASIC’s sights for increased regulatory scrutiny over the next four years.

More

Consultation commences on fundamental reforms to trustee governance

Draft prudential standards and practice guides released yesterday by APRA for consultation provide considerable detail on APRA’s plan to supplant new legislation mandating minimum numbers of independent directors.

More

Employers set to win less complex superannuation guarantee laws

Draft legislation recently released for consultation by the Treasury shows considerable promise for reducing the current complexity faced by employers in calculating their employees’ superannuation guarantee entitlements.

More

Our Thinking

Financial services providers beware: ASIC’s regulatory priorities over the next four years

Investment banks, issuers, brokers, lenders, financial market participants, responsible entities, company directors, auditors and insolvency practitioners are all in ASIC’s sights for increased regulatory scrutiny over the next four years.

Consultation commences on fundamental reforms to trustee governance

Draft prudential standards and practice guides released yesterday by APRA for consultation provide considerable detail on APRA’s plan to supplant new legislation mandating minimum numbers of independent directors.

Employers set to win less complex superannuation guarantee laws

Draft legislation recently released for consultation by the Treasury shows considerable promise for reducing the current complexity faced by employers in calculating their employees’ superannuation guarantee entitlements.