Liam specialises in financial services risk and compliance, licensing and regulatory matters. He is a Partner at Gadens, leading a large team of professionals in this space, and an Adjunct Professor of Law at Griffith University.
Liam’s experience covers long periods working in London, Sydney, Brisbane and Melbourne. His clients include major banks, insurers, funds and fintechs. He is active in the digital assets and fintech space, where it concerns financial services licensing and product design. He is a committed thought leader, serving in a number of academic and policy positions. Liam holds a Master of Laws from Sydney University, specialising in advanced corporate governance and regulation, and is the creator and lecturer of financial services regulation law at Griffith University (5342LAW). In addition to his authoring LexisNexis articles and general commentary in the media, including the Australian Financial Review, Liam maintains the Australian Regulators Weekly Wrap to provide the industry with a weekly overview of the latest developments within the space.
Recent experience includes:
- Technology creation – Gadens Breach Manager: Liam co-created and implemented an Australian-first platform where clients can protect themselves from the risk of liability posed by regulatory breach reporting rules. Gadens Breach Manager streamlines seven mandatory reporting regimes which require rapid declaration of breaches into an effective online platform.
- Financial Accountability Regime: Liam has led many UK SMCR, HK MIC, AU BEAR and AU Financial Accountability Regime (FAR) implementations. He is currently working on implementing FAR for 9 different general insurers, super funds and banks, many with complex disaggregated domestic and international structures.
- Global FX Company: leading the defence of a large global FX company against multiple international regulatory investigations, inclusive of strategic realignments of the business, licensing amendments and major documentary reviews.
- Large international bank: advising a global bank concerning multiple global regulatory agencies’ investigations into allegations of manipulation of financial benchmarks and related conduct.
- CCIV Structure: creating one of Australia’s first CCIV fund structures for use in attracting investment from the Asia Pacific region, together with all associated licencing, governance and compliance requirements.
- Tokenised Fundraising: working with leading Web3 businesses to create tokens for capital fundraising, including through trading on secondary markets through centralised exchanges.
- AFSL Licensing: leading clients in amending their AFSLs to obtain complex authorisations, for example ‘make a market’ and IDRS provisions, and obtaining multiple AFSLs for new entrants (MIS, financial advisory etc).
- ASIC/APRA Investigations: defending banks, insurers and super funds in multiple ASIC and APRA investigations, including wholesale document reviews, AML/CTF reviews, strategic advice and remediation.