Derivatives and securitisation


March 20, 2017 7:47 AM | Posted by Batten, Richard | Permalink
December 6, 2016 8:46 PM | Posted by Batten, Richard | Permalink
Our submission to ASIC on Consultation Paper 268 Licensing relief for foreign financial services providers with a limited connection to Australia supports the continued need for both the exemption for wholesale services provided outside Australian (CO 03/824) and the passporting class order relief that ASIC has provided to regulated entities from the US, the UK, Hong Kong, Singapore, Germany and Luxembourg.  Further details can be found in our submission which is available here. read more
October 20, 2015 8:29 AM | Posted by Batten, Richard | Permalink
The Government has released its response to the Financial System Inquiry's Final Report which includes specific measures which the Government plans to implement before the election and beyond. read more
July 30, 2015 4:15 PM | Posted by Pinar Ozer | Permalink
ASIC announced yesterday that it will now use its power to recover expenses and costs of its investigations.   read more
April 1, 2014 8:38 AM | Posted by Richard Batten, Tim Sutton, Thomas Ellicott | Permalink
The retail/wholesale client distinction is central to the current regulatory framework. Retail clients are afforded considerable additional conduct and disclosure protection. Reforming the retail/wholesale distinction has been on the regulatory agenda for some time, particularly in the wake of the GFC. read more
March 27, 2014 5:15 PM | Posted by Richard Batten, Tim Sutton, Thomas Ellicott | Permalink
One issue to pay close attention to in the Financial System Inquiry is whether there will be any developments in relation to complex products. The current financial services regime affords consumers with access to almost any financial product, regardless of complexity, provided that proper disclosures are given. This approach stems from the Wallis Inquiry, which recommended removing the prohibition on retail participation in OTC derivative markets.
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