Publication
Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
A note from Australia’s Head of Risk Advisory
Author:
Australia | Publication | 28 October 2019
We are excited today to launch the Norton Rose Fulbright Risk Advisory team’s thought leadership hub, ‘Spotlight on Risk’.
Before you start yawning or pressing delete, let me assure you that this is not just ‘another blog’. The Risk Advisory team doesn’t operate like that.
The last 12 months has been a time of unprecedented development in the corporate risk space – from the Hayne Royal Commission recommendations to the new ASIC and APRA enforcement mandates and new laws on responsible lending, whistleblowers, modern slavery, data breach reporting and consumer data rights.
ASIC has also installed compliance officers in banks as part of its Close and Continuous Monitoring Program and has commissioned reports into corporate culture and compliance, expecting directors to lead from the top in promoting greater transparency and accountability.
On the climate change front, ASIC and APRA regulatory standards now require directors to actively consider and plan for climate change risks, while new development applications are being assessed with reference to the impact a project will have on net emissions.
If that was not enough, shareholder activism and class actions – targeting companies and individual directors – continue to grow, backed by litigation funders with deep pockets and funder-friendly laws.
This regulatory maze exposes directors to a complex and rapidly changing risk environment and leaves open questions about engaging with corporate regulators, setting adequate ESG risk frameworks that address both the costs and opportunities posed by this new environment.
These are the very issues the Risk Advisory team focus on. In this new hub, we will be posting frequently a genuine thought leadership piece from team members – not a reactionary, headline grabbing post recycling a media release or summarising a case: instead one that is forward-thinking and draws attention to key industry developments, experiences and future expectations.
The posts will span multiple sectors – from energy, resources and infrastructure to environment and climate, banking and finance, government, business transformation and financial risk, ESG, regulatory dealings and investigations, financial crime and data, privacy and cybersecurity.
Our insights will hopefully appeal to you whether you’re a director, CEO, general counsel, professional advisor or risk, compliance, governance or policy specialist.
We are looking forward to connecting with you through our hub and raising the issues that will spark an interest and position you and your organisation to address and respond to the genuine risks that impact on you now and that will continue to arise in an ever-dynamic regulatory and risk environment in Australia and internationally.
And on that note, I invite you to read our very first hub piece authored by a member of our team, Dr Kai Luck, Time to Take a Look Behind the ‘Social Licence’ Buzzword.
Publication
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
Publication
The private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.
Publication
The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023