Allens

Banks & Financial Institutions

Contacts

Sector leader

Kim Reid

Kim Reid
+61 2 9230 4037
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Unravelled

Unravelled is a series of publications which aim to navigate some of the complexity and promote discussion and debate around financial services regulation.

Read the latest edition.

Banks and financial institutions are the subject of unprecedented scrutiny.

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry will have flow-on effects across the sector, as will APRA's response to the self-assessment processes that are being undertaken. In turn, regulators have enhanced regulatory tools and enforcement practices – and a mandate to deliver.

Coupled with that, digital disruption is challenging the traditional shape of financial institutions, in the form of FinTech, RegTech, challenger and neobanks, and open banking. Banks are also under pressure to fulfil their customers' expectations regarding increased digitalisation of services, while protecting their data.

With evolving corporate governance expectations for boards and management, managing risk is critically important – requiring financial institutions to strike the right balance between incentives, culture and processes.

How can we help?

We work with our clients as a strategic partner. In an evolving landscape, we aim to provide you with nimble and practical advice – both in relation to the law and to commercial dynamics.

Solutions not only for you but your clients

Our financial services team draws on experts across a range of disciplines, including M&A, disputes, regulatory response, corporate governance, risk and advisory, banking and finance, and funds management, superannuation and wealth management.

Access to the right people with the right approach

Complex transactions not only require technical expertise but a commercial, solution-driven approach. We have the depth of experience and bench strength to handle the largest and most complicated transactions, and draw on cross-practice expertise to provide an end-to-end offering.

Keeping you informed of what's to come

For close to 200 years, we have worked with lenders, borrowers, government, advisers and other participants in the financial services sector. We advise on best practice and, in many cases, have played a role in setting it. Also, our Alliance with Linkaters, one of the leading banking and finance law firms in the world, provides us with access to the latest global developments affecting you.

Financial Services Regulation

You can also find out more about our Financial Services Regulation capabilities.

Case studies

Case study: Origin Energy corporate refinancing

The deal: The $7.4 billion corporate refinancing of Origin Energy.
Phases of project: Banking and finance.
The significance: The deal, completed in less than three weeks, is one of the largest individual corporate refinancings to have occurred in the Australian market.
Benefits: The refinancing and revised terms provide Origin Energy with financing flexibility for the future.