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Would you like financial services with your social network? Facebook consortium to launch new cryptocurrency
Insight 08 Jul 2019

In a bold new play, a consortium led by social media giant Facebook has announced plans to enter the financial services sector through the launch of a cryptocurrency called Libra. Both a currency and a blockchain backed payment system, the project could have a profound impact on the financial servic ...

Trend Watch: beta testing – a new software procurement strategy?
Insight 02 Jul 2019

Software company Palantir Technologies was recently announced as the US Army's choice to deploy a complex combat intelligence system valued at US$800 million. ...

What you need to know about the draft Equator Principles 4
Insight 11 Jul 2019

This insight explores the potential impact of changes proposed in the consultation draft of Equator Principles 4 which entails a greater focus on climate change, human rights and social risk. ...

BEAR Bill implementation date likely to change
Insight 24 Nov 2017

This afternoon the Senate Standing Committee on Economics released their report on the Treasury Laws Amendment Banking Executive Accountability and Related Measures Bill 2017 BEAR Bill The Economics Committee recommends that the BEAR Bill be passed but recommends the commencement date be pushed out ...

Spotlight: Cyber breach at Yahoo
Insight 16 Oct 2017

2016 was the Year of the Data Breach for Yahoo, as it announced three separate and significant data breaches. Although the consequences of these breaches are still unfolding, the financial cost to Yahoo is already significant – in 2017, Verizon slashed the price of its deal to buy Yahoo by US$350 mi ...

Why we need to do more to fix our class action regime
Insight 03 Oct 2017

The Victorian Law Reform Commissions inquiry into litigation funding and group proceedings provides an important and timely opportunity to reflect on the current operation of our class action regime The regime recognises and was designed to balance competing interests We believe more can be done to ...

Rising from the ashes - Treasury seeks input on combating illegal phoenix activity
Insight 06 Oct 2017

Keeping up the momentum from the recent passing of its insolvent trading safe harbour and ipso facto legislation the Federal Treasury has released a consultation paper containing a package of reforms to deter and disrupt illegal phoenix activity Partner Alf Pappalardo and Lawyer Belinda Hennessy ...

FX global code update
Insight 04 Oct 2017

The FX Global Code was launched in Australia earlier this year and applies to market participants including most financial institutions bank asset managers brokers and E-trading platforms The Code sets out 55 best practice principles and although compliance is voluntary it is expected that these ...

Senate may disallow FoFA regulations
Insight 19 Nov 2014

Senators Jacqui Lambie and Ricky Muir this morning joined a group of cross-bench Senators in announcing that they would vote with Labor and the Greens to disallow the Governments FoFA regulations made in June this year - the Corporations Amendment Streamlining Future of Financial Advice Regulation ...

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