Financial Services Regulation
Asia-Pacific Guide 2025 : Australia
Band 1
Email address
[email protected]Contact number
+61 2 9230 4000About
Provided by Allens
Allens' Financial Services Regulation (FSR) practice have a full service practice covering all needs for clients including ACL/AFSL licensing, product design and distribution, compliance with the National Consumer Credit Protection Act, ISDA agreements and compliance. The team brings together experts from a range of practices within the firm - banking, regulatory investigations and dispute resolution, technology, competition, tax, funds management, insurance and superannuation. Allens have a strong understanding of the regulatory environment that financial services institutions operate and this is reinforced by industry involvement. Allens is a member and active participant of the Australian Banking Association, Australian Finance Industry Association and the Financial Services Council. The team has developed close relationships with policy directors of these associations and contributes to industry submissions on regulatory reform. Allens liaise with financial service regulators on compliance issues on behalf of clients, as well as advise on governance and board-level issues that take account of the FSR landscape. The FSR team understand the way that the regulators operate and work with clients to navigate the complex regulatory landscape. The Allens team works closely with the market-leading Linklaters financial services regulatory practice, this connection enables Allens to assist clients with the cross-border application of risk management and compliance approaches.
Chambers Review
Allens is regularly sought out by major banks, wealth managers and other financial institutions for advice on a range of regulatory matters in connection with superannuation and investment funds. The team frequently provides advice on regulatory compliance and the structural and governance changes required as a result of significant mergers and acquisitions in the financial services industry. The firm additionally provides back-end assistance to clients facing regulatory investigations.
Work Highlights
- Allens advised ANZ on the launch of its digital-led home loan for ANZ Plus.
Strengths
Provided by Chambers
"The Allens team is very responsive and can leverage their extensive experience to respond to requests for support immediately, allowing their clients to appropriately manage risk."
"Allens are proactive and regularly provide value-add industry-wide updates and bespoke sessions. They have their finger on the pulse."
"The Allens team is very responsive and can leverage their extensive experience to respond to requests for support immediately, allowing their clients to appropriately manage risk."
"Allens are proactive and regularly provide value-add industry-wide updates and bespoke sessions. They have their finger on the pulse."
Notable Practitioners
Michelle Levy is a highly experienced figure in the market who often assists clients on regulatory issues relating to superannuation funds.
Peter Haig is a well-regarded litigator known for advising clients on AUSTRAC investigations and compliance with anti-money laundering and counter-terrorism financing regulations.
"Peter Haig is a trusted adviser because he thinks through problems and issues with a practical lens while ensuring that legal and broader risks are well-managed."
"He has a deep understanding of the AML/CTF regulatory context and enforcement dynamics."