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Future of Credit Law Post COVID-19

November 19 @ 8:45 am - 5:30 pm

AUD770

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.

 

Description

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?

  • Banks
  • Non-banks
  • Consumers

Panel Discussion:
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

Panel Discussion:
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

Panel Discussion:
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:

FBAA      The BFO

Details

Date:
November 19
Time:
8:45 am - 5:30 pm
Cost:
AUD770
Website:
https://legalwiseseminars.com.au/course/?eventtemplate=1456-future-of-credit-law-post-covid19&event=5748

Venue

The Grace Hotel
77 York St
Sydney, NSW 2000 Australia
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