Twilight Seminar in Melbourne: Financial Services Regulation and Financial Product Disclosure in Australia: Is it effective? What could we do better?

On the 1 of September 2015, the Banking and Financial Services Law Association (BFSLA) will host a Twilight Melbourne Seminar, focussing on financial services regulation and financial product disclosure in Australia. The Seminar will be chaired by Dr Ann Wardrop, who is the Director of Programs at La Trobe Law School and Deputy-Chair of the Academic Committee of the BFSLA..

Abstract

The efficacy of financial services regulation and disclosure in Australia has been questioned by many. This raises questions concerning how we can better promote good financial decision-making by Australians. Andrew Godwin will consider and discuss the effectiveness of shortform disclosure documents, drawing on previous research undertaken with Professor Ian Ramsay and the results of a recent survey on investors about short-form disclosure documents in Australia and five other jurisdictions. He will also discuss the role disclosure plays in promoting good decision-making, including within the broader context of financial advice and financial education. Picking up on these issues, Associate Professor Gill North will suggest there is a need for more nuanced and substantive debate. She will discuss the role and limitations of financial services regulation and disclosure based frameworks. She will also highlight the limits of what can be achieved within commercial industry structures. She will argue that multifaceted policy and practical approaches are required for an ageing population with diverse needs, skills and expertise concerning financial matters.

Biography

Ann Wardrop

Dr Ann Wardrop is a Senior Lecturer in Law at the School of Law, La Trobe University.  She has published in Australian and international law journals and has held visiting scholar positions in the United Kingdom, Canada and Europe.  Ann is Director of Programs and a member of the Law School’s Executive, and Research Committee. She is a founding member of the Academic Committee of the Banking and Financial Services Law Association and its Deputy-Chair. She is on the editorial board of Law in Context. Her research interests are primarily in the area of banking and finance law and regulation. Her current work is focused on the regulation of the Australian payments system and investor/consumer protection in financial services regulation. Ann lectures in banking and financial services law and equity and trusts. She obtained her undergraduate law degree and PhD from the University of Melbourne. Ann is admitted to the legal profession in Victoria and practised in banking and finance law in major Australian law firms prior to taking up an academic position.

Andrew Godwin

Andrew Godwin holds a number of senior positions at Melbourne Law School: Senior Lecturer, Director of Transactional Law, Director of the Graduate Program in Banking and Finance Law, and Associate Director of the Asian Law Centre. Prior to joining Melbourne Law School, Andrew practiced law for 15 years, 10 of which were spent in Shanghai where he was a partner and chief representative of the international law firm, Linklaters. Andrew’s teaching and research interests include finance and insolvency law, transactional law, financial regulation (particularly disclosure and regulatory systems), the regulation of the legal profession and professional and transactional skills for lawyers.

Gill North

Gill North has commercial and legal qualifications and experience. Prior to becoming an academic, she worked in a variety of large corporations and investment banks in Europe, Asia and Australia. Her roles included senior executive positions in the areas of securities analysis, funds management and financial services.

Gill is now an Associate Professor at Monash Law School and she heads the finance, investment and taxation law group of the Centre for Commercial Law & Regulatory Studies. Gill has published extensively in Australia and internationally on the regulation and practice of company disclosure, financial services and finance law. She regularly engages with policy, professional and consumer groups and welcomes opportunities to debate the “big issues” in relation to financial market and financial services law and conduct

Ian Ramsay

Ian Ramsay is the Harold Ford Professor of Commercial Law at the University of Melbourne. He is also Director of the Law School’s Centre for Corporate Law and Securities Regulation. Ian practised law in New York and Sydney and is a member of the Corporations Law Committee of the Law Council of Australia. Former positions he has held include Head of the Federal Government inquiry on auditor independence, member of the Takeovers Panel, member of the Australian Securities and Investments Commission’s External Advisory Panel, member of the Australian Government’s Corporations and Markets Advisory Committee, member of the Audit Quality Review Board, member of the Australian Government’s Auditors and Liquidators Disciplinary Board, member of the Law Committee of the Australian Institute of Company Directors and member of the International Federation of Accountants taskforce on rebuilding confidence in financial reporting. Ian has published extensively on corporate law and corporate governance issues both internationally and in Australia.

Seminar

Date: Tuesday 1 September

Time: 5.30pm to 7.00pm

Venue: Allens, Level 37, 101 Collins Street

Cost: Free

RVSP: RSVP to jenny@bfsla.org using this form, or book via the BFSLA website.

 

La Trobe