Financial Services in 2022: Breach Reporting Refresher and Update: Lessons Learned from the First 6 Months
Examine the new breach reporting regime with a timely review of how the new system has played out over the first 6 months and what to expect going forward. WEB223N60B
Description
Attend and earn 1 CPD unit in Substantive Law
This program is applicable to practitioners from all States & Territories
Chair: Andrea Beatty, Partner, Piper Alderman; member, Law Council Privacy Committee, Digital Commerce Committee & Financial Services Committee; author, Annotated National Credit Code, LexisNexis; Best Lawyers 2022, Financial Institutions, Privacy & Data Security Law, & Regulatory Practice
Breach Reporting Refresher and Update: Lessons Learned from the First 6 Months
Six months on from the commencement of the new breach reporting regime, join Craig Hine and Jason Shailer as they analyse how the regime is playing out in practice, the legal and commercial implications, and what you need to do going forward to minimise risk.
Presented by Craig Hine, Special Counsel and Jason Shailer, Special Counsel, Clayton Utz
Presenters
Craig Hine
Craig has 15 years' specialist expertise in financial services and credit regulation. Craig's experience assisting clients on a broad range of regulatory matters across a number of product types, including credit products, deposit products, non-cash payment facilities, insurance and payment products gives him the depth of knowledge and skills required to expertly manage complex situations. Craig regularly provides strategic advice and assistance to clients implementing critical projects. His extensive knowledge and understanding of the regulatory landscape in which they operate and focus on client outcomes means he delivers practical advice that aligns with a client's risk appetite. Craig has an in-depth knowledge of the National Consumer Credit Protection Act, Chapter 7 of the Corporations Act, the Australian Securities and Investments Commission Act, the Anti-Money Laundering and Counter-Terrorism Financing Act and other key legislation, so is able to provide comprehensive advice covering a range of issues. A significant part of Craig's practice also involves assisting banks and other financial institutions in connection with regulatory investigations, advice on potential breaches of law and remediation projects. Craig also provides critical regulatory advice in support of corporate transactions, including with respect to licensing requirements, risk exposure on potential breaches and a wide range of transaction-specific issues.
Jason Shailer
Jason has over 20 years of experience advising organisations on all aspects of financial services regulation. This includes having spent 6 years in-house at the Commonwealth Bank of Australia, where he was the head of the Retail Banking legal team. Jason's work has involved the full range of legal support, from development of new product and services (with particular experience in digital offerings), distribution and delivery arrangements, partnerships and strategic alliances to advising on regulatory breach advice and dealing with regulatory investigations and responses to notices and enforcement action from regulators, including ASIC, ACCC, APRA, OAIC and AFCA. Jason has expertise in all areas of financial services regulation, including the National Consumer Credit Protection legislation, Chapter 7 of the Corporations Act, the Privacy Act, the Anti-Money Laundering and Counter-Terrorism Financing Act, the ASIC Act, including unfair contract terms, the Code of Banking Practice, the Banking Act, the Payment Systems (Regulation) Act and the ePayments Code.