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Future of Credit Law Post COVID-19
November 19, 2020 @ 8:45 am - 5:30 pmAUD770
How will COVID-19 impact credit law, the economy & the financial services sector? What happens when the loan repayment holiday ends? Hear insights into managing non-financial risk. How is the Buy-Now-Pay-Later Code going to work? Are you up to date on cyber attacks & money laundering? Examine the latest in open banking, fintech, & regtech. Meet the neobanks, explore blockchain, & consider new regulations to grapple with in the post Banking Royal Commission world.
Attend and earn 7 CPD units in Substantive Law
This program is applicable to practitioners from all States & Territories
Chair: Andrea Beatty, Partner, Piper Alderman; Accredited Specialist in Credit Law
8.45am to 8.55am: Opening Comments by the Chair
8.55am to 9.25am: Keynote Address: COVID-19 – The Global Economic Impact and Implications for Australia [Live Stream from the South Coast]
Presented by Professor Warwick McKibbin AO, Vice-Chancellor’s Chair in Public Policy and Director, Centre for Applied Macroeconomic Analysis (CAMA), Crawford School of Public Policy, Australian National University
9.25am to 10.10am: COVID-19 and Financial Hardship: What Happens When the Loan Repayment Holiday Stops?
Tim Gough, Senior Executive Leader, Credit, Retail Banking & Payments, Australian Securities & Investments Commission [Live Stream from Melbourne]
Christine Cupitt, Executive Director, Policy, Australian Banking Association
Diane Tate, Chief Executive Officer, Australian Financial Industry Association
Karen Cox, Chief Executive Officer, Financial Rights Legal Centre (Sydney)
10.10am to 10.40am: Managing Non-Financial Risk
- What a CEO needs to consider
- Governance, risk and compliance framework for management and boards
Joseph Rizk OAM, Chief Executive Officer and Managing Director, Arab Bank Australia
Alison Ewings, Head of Engagement, Regnan
10.40am to 11.00am: Morning Tea
11.00am to 11.30am: Governance Systems in Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) [Live Stream from Melbourne]
- AUSTRAC’s expectations on governance to support compliance with AML/CTF
- The consequences of poor governance
Presented by Richard Lee, Director Education Capability and Communications, AUSTRAC
11.30am to 12.30pm: Cyber Security: Are You Ready to Manage a Cyber Attack?
- What does 2020 look like in the cyber world?
- Impact of COVID-19: Have the hackers & their tactics changed?
- Stress testing the system: points of vulnerability
- Employee training: Does it measure up?
- How to manage the overall risk framework for data security
- How to handle breach reporting and reputational damage
Presented by Chris McLaughlin, Director, Cyber Security Group Aon; Andrew Gray, Chief Counsel, Aon Reinsurance Solutions APAC; Associate General Counsel, Aon Commercial Risk Solutions Global; Olga Ganopolsky, General Counsel Privacy and Data, Macquarie Group; Emily Hills, Senior Corporate Counsel, Toyota Finance Australia
12.30pm to 1.00pm: Buy-Now-Pay-Later (BNPL) Update
- BNPL self-regulatory code update
Presented by Karl Turner, Chief Operating Officer, Australian Finance Industry Association; Michael Saadat, Director of Public Policy & Regulatory Affairs, Afterpay
1.00pm to 1.45pm: Lunch
1.45pm to 2.45pm: OPEN BANKING, FINTECH, AND REGTECH
Senate Select Committee on Financial Technology and Regulatory Technology: Interim Report
Presented by Senator Andrew Bragg, Committee Chair
Rebecca Schot-Guppy, Chief Executive Officer, Fintech Australia [Live Stream from Melbourne]
Neil Campbell, Head of Security & Compliance, Meeco; The RegTech Association [Live Stream from Melbourne]
Joshua Annese, Partner, Piper Alderman [Live Stream from Adelaide]
Open Banking Update
Presented by Paul Franklin, Executive General Manager, Consumer Data Rights Division Australian Competition & Consumer Commission
2.45pm to 3.15pm: Neobanks: The New Age of Banking
Presented by Philip Haultain, General Counsel & Company Secretary, Volt Bank; Dean McAuley, Director Capital Product, Prospa; Scott Jamieson, Chief Compliance Officer, Revolut
3.15pm to 3.35pm: Afternoon Tea
3.35pm to 4.20pm: Blockchain: Where Are We?
- Blockchain refresher: overview
- What’s happening now: digital currency as legal tender – China & US developments
- Smart contracts
Presented by Michael Bacina, Partner, Piper Alderman
- Australian National Blockchain, application of smart contracts to financial services
Presented by Natasha Blycha, Global Head of Digital Law, Herbert Smith Freehills [Live Stream from Perth]
- Developing practical blockchain applications in the enterprise [or financial services or banks]
- Legitimising cryptocurrencies for payments
- Delivery versus payment: using blockchain to mitigate risks
Presented by Nikesh Lalchandani, Chief Strategy Officer, Bloxian; former CBA Innovation Executive, Emerging Technology; author, Payments and Banking in Australia: from Coins to Cryptocurrency
4.20pm to 5.25pm: What New Regulations are Coming Post Banking Royal Commission?
- Major overhaul of responsible lending laws
- Banking Executive Accountability Regime to Approved Deposit Institutions
- ASIC Final Guidance on Design and Distribution Obligations
- Mortgage brokers best interest duty
Presented by Narelle Smythe, Partner, Clayton Utz; Steven Klimt, Partner, Clayton Utz; Alexandra Kelly, Principal Solicitor, Financial Legal Rights Centre (Sydney)
5.25pm to 5.30pm: Closing Comments by the Chair
This program is endorsed by: