Defining (narrowing) the parameters of a “financial service” for the purposes of EHF breach reporting

This article is the first of our recently launched “Regulatory Wrangling” client program. According to the Macquarie Dictionary, the meaning of the term ‘wrangling’ is “to engage in argument, debate or disputation”, “to influence, persuade, or otherwise affect by arguing” or “to deal with or manage expertly”. Our take on the term is that “regulatory … Read more

5 YEARS ON FROM THE ROYAL COMMISSION

It has been 5 years since Commissioner Hayne, in February 2019, released the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (FSRC). It was a watershed moment for the financial services sector, with the rippling effects still being felt 5 years on. It is safe to say … Read more

HSF FSR Australia Notes – 2023 Wrapped

Welcome to HSF FSR Australia Notes – 2023 Wrapped! It has been another big year of regulatory change and enforcement action in the Australian financial services market, with DDO, unfair contract terms and breach reporting attracting a lot of attention and discussion among industry and the regulators. In our 2023 Wrapped, we take a look … Read more

FSR GPS Podcast Series – EP9: Understanding ASIC’s breach reporting relief

EP 9: Understanding ASIC’s breach reporting relief In this episode, join Senior Associates Tamanna Islam and Shan-Verne Liew and Solicitor Isabel Chong as they unpack the scope of ASIC’s relief from the mandatory breach reporting regime for Australian financial services licensees. Soundcloud | Spotify | Apple      About the FSR GPS Podcast Series Our “FSR GPS” podcast series explores topical … Read more