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DEPARTMENT PROFILE

Gilbert + Tobin

Financial Services Regulation

2 ranked lawyersBand 2AustraliaAsia-Pacific 2022 View ranking table
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chambers review
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Ranked Lawyers

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What the team is known for

Gilbert + Tobin maintains a highly regarded regulatory dispute resolution team with a strong following among financial services clients. Also active advising on front-end regulatory matters, with noteworthy capability in the regulation of new fintech products, including licensing for new financial products and digital payment systems. Clients include major banks, accounting firms, asset management companies and other financial services participants, such as ANZ, Deloitte, Investa and Visa Worldwide.

Strengths

Clients appreciate the team's pragmatic approach to legal matters, one noting: "They're great at providing advice in a commercial and practical manner; they speak the language that our business speaks and advise in a manner than can be easily understood and digested."

Another client highlights the team's "sound commercial approach, timeliness and ability to prioritise issues and workloads on complex and strategic issues."

Work highlights

Gilbert + Tobin acted for Westpac in relation to an ASIC investigation, an APRA investigation and a class action proceeding, which have arisen from proceedings commenced by AUSTRAC against Westpac in the Federal Court.

Notable practitioners

Peter Reeves is particularly well noted for his work in the fintech space, frequently assisting clients on matters such as those involving  payment systems and cryptocurrency. A client comments: "Peter is a specialist in this field and has a wealth of experience."

Richard Harris is well regarded for his contentious practice, frequently acting for banks and other financial services clients on disputes. "Richard Harris brings a wealth of experience in the regulatory investigation space and gives us enormous confidence throughout the process, providing very considered strategic advice throughout," comments a client.

Department Information

This content is provided by Gilbert + Tobin.

Overview

The financial services sector faces unprecedented opportunity, as well as increased regulatory risk and enforcement activity, in the wake of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Gilbert + Tobin’s financial services regulation practice supports businesses that are participating in, innovating or disrupting payments, markets and platforms and infrastructure. We also advise participants on risk, compliance and engagement in a sector under increased scrutiny from regulators, focussed on demonstrating that they are strong on enforcement.

We have a deep knowledge of the regulatory, social and commercial challenges facing participants in this industry, as well as the numerous opportunities available to financial services clients. We provide full-service financial services offering to support clients through the full commercial landscape, from platform, products and transactional advice through to engagement with regulators, risk and compliance programs and investigations, and we have strong relationships and significant experience in engaging with regulators.

Members
Financial Services Regulation

Gilbert + Tobin

firm
Location

Level 35

Tower Two, International Towers

200 Barangaroo Avenue

Sydney

New South Wales

Australia

NSW 2000

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Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

Australia

Financial Services Regulation


Peter Reeves
Band 4
Richard Harris
Band 2