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ARTICLE · 29 AUGUST 2022

Australian Financial Services Regulatory Update

Jones Day
Jones Day
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Recent legal and regulatory developments, including the commencement of cyber security incident notification obligations for critical financial market infrastructure assets...

AustraliaFinance and Banking
Jennifer L. Chambers
Jennifer L. Chambers
Tim L'Estrange
Tim L'Estrange
Daniel Moloney
Daniel Moloney
Evan J. Sylwestrzak
Evan J. Sylwestrzak
Holly Sara
Holly Sara
Isaac C. West
Isaac C. West
Lucas Wilk
Lucas Wilk
Jo Dwyer
Jo Dwyer
Isabel Roney
Isabel Roney
Author LinkedIn connections

This edition of the Update covers:

  • Recent legal and regulatory developments, including the commencement of cyber security incident notification obligations for critical financial market infrastructure assets, AUSTRAC's guidance on ransomware and criminal use of digital currencies, ASIC's guidance on the risk of greenwashing by superannuation and managed funds, and APRA's risk management expectations and policy roadmap for crypto-assets;
  • Recent financial services litigation, including ASIC's successful appeal against short-term lenders BHF Solutions Pty Ltd and Cigno Pty Ltd, and the commencement of proceedings by ASIC against Macquarie Bank Ltd for allegedly failing to adequately monitor and control transactions by third parties; and

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