Liam Hennessy specialises in financial services risk and compliance, licensing and regulatory matters as a Partner at Clyde & Co. He is also an Adjunct Professor of Law at Griffith University, where he lectures in financial services regulation. Working closely with the firm’s global offering from the Brisbane office, Liam tailors his international experience in London, Sydney, Brisbane and Melbourne to his clients, who include major insurers, funds, exchanges, and cryptocurrency firms.
Liam is a recognised thought leader in financial services risk and compliance, licensing and regulatory matters. He works from the Brisbane office, and serves in a number of academic and policy positions. He holds a Master of Laws from Sydney University, specialising in advanced corporate governance and regulation, is the creator and lecturer of financial services regulation law at Griffith University (5342LAW), and remains active in the development of the digital assets and fintech space – where it concerns financial services licensing and product design. He has worked at leading firms in Australia and London, and is an Adjunct Professor of Law at Griffith University.
Liam has particular experience advising on the tokenisation of financial products, providing advice concerning regulated primary & secondary markets for tokens, developing novel token structures and assisting CeFi and DeFi organisations. His work is often collaboratively global in nature, which benefits his clients in this evolving space.
In addition to his authoring several LexisNexis financial services chapters and general commentary in the media, Liam maintains the Australian Regulators Weekly Wrap to provide the industry with a weekly overview of the latest developments within the space.
Financial Accountability Regime: Liam has led over 15 UK SMCR, HK MIC, AU BEAR and AU Financial Accountability Regime (FAR) implementations. He is current working on implementing FAR for many 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.
CCIV Structure: Creating one of Australia’s first CCIV fund structures for use in attracting investment from 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” 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.