Podcast: The Corporate Counsel Show: Risk, reform and financial services

Nicholas Simoes da Silva features on the Lawyers Weekly Podcast, The Corporate Counsel Show, discussing the Australian Law Reform Commission’s latest background paper, Risk and Reform in Australian Financial Services Law (FSL5).

Hosted by Jerome Doraisamy, Nicholas discusses the evolution of risk and its implications for financial services legislation.

“The key objective of our ongoing work is thinking about a new model for making a law under the Corporations Act that not only minimises complexity but has, at its core, flexibility and the ability to handle change over time…[also] having clear ideas about where the law should go, who should make it [and] how it should be made. At the core of any new model needs to be the ability to handle changing approaches to risk and changing approaches to how we impose obligations on financial services providers and licensees.”