This is not the beginning of some outré joke but the context for one of the most important insurance decisions of the year.
On 8 October 2021, the Federal Court handed down its long-awaited decision in Swiss Re International Se
Continue Reading Covid-19 Test Case #2 – A dry cleaner, dentist, travel agent, personal trainer, café owner and friends walk into a bar…
On October 19, 2021, the Consumer Financial Protection Bureau (“CFPB”) issued its first enforcement action under newly-confirmed Director Rohit Chopra, taking aim at a company that the CFPB found to misuse its position of market dominance. The nature of the
Continue Reading Chopra Makes a Statement About Markets (Both Literally and Figuratively)
The Commonwealth Government has released an exposure draft of the Trusted Digital Identity Bill for consultation.
The Digital Identity will be used for individuals and allows businesses to use it for approved verification purposes.
A Digital Identity will only need
Continue Reading Draft Trusted Digital Identity Bill
APRA has released details of its framework called the Risk Culture 10 Dimensions which it uses to assess the risk culture of regulated entities.
The Risk Culture 10 Dimensions articulate the key aspects of an entity’s risk behaviours and risk
Continue Reading APRA’s Risk Culture 10 Dimensions Framework
ASIC has released a letter it has sent to CEOs of public companies, large proprietary companies and trustees of registrable superannuation entities (RSEs) encouraging them to check whether their entity’s whistleblower policy complies with the Corporations Act’s requirements and setting
Continue Reading ASIC review of whistleblower policies
ASIC has announced that it has issued civil penalty proceedings in the Federal Court against Insurance Australia Limited (IAL) following IAL’s failure to honour discount promises made to its customers.
ASIC alleges that
Continue Reading ASIC commences Federal Court action to honour premium discount promises
The Australian Prudential Regulation Authority (APRA) has published Prudential Practice Guide CPG 511 Remuneration (CPG 511) to assist banks, insurers and superannuation licensees in meeting the requirements of the new prudential standard CPS 511 Remuneration (CPS 511) which
Continue Reading APRA guidance for new prudential standard on remuneration
A new national strategy report aims to combat climate-related risks to the US financial system.
By Jean-Philippe Brisson, Paul A. Davies, Nicola Higgs, Malorie R. Medellin, and Deric Behar
On October 14, 2021, the Biden Administration
Continue Reading President Biden Presents a Roadmap for Mitigating the Climate Crisis
An Australian Federal Court class action lawsuit alleging that the Australian Federal Government failed to disclose to investors the climate change risks associated with the government’s sovereign bonds has survived in part an attempt by the government to have the
Continue Reading Australian Bond Climate Change-Related Disclosure Class Action to Proceed
Alteon Senat c. Autorité des marchés financiers, 2021 QCCQ 7090 (CanLII), https://canlii.ca/t/jhnl5
(Available in French only)
Title suggestion: No Stay of Financial Markets Administrative Tribunal Orders Freezing Bank Accounts and Suspending Rights Granted by Registration Pending Appeal
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