While the litigation arising directly from the global financial crisis itself is now tailing off, the major regulatory reform triggered by the global financial crisis is creating its own challenges for the financial services industry. The ASIC report into financial planning released in 2014 is the latest in a series of signals to the financial services sector that the industry is facing increasing regulatory scrutiny and with it the risk of enforcement actions and opportunistic litigation.
Corrs has the industry knowledge and technical expertise to advise and represent clients in regulatory investigations, internal investigations and banking and financial services litigation. Drawing on experience in representing clients in a broad range of complex financial services disputes, our litigators have a clear understanding of the regulatory framework, the transactions and financial products which underlie disputes in this area. Corrs takes a pro-active approach to dealing with regulators, allowing clients to put their best foot forward while preserving their rights.