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What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Australia | Publication | September 2021
An interim report was released this month, providing preliminary observations on the independent review of the Banking Code of Practice (BCOP). The interim report can be read here.
The BCOP review has received 34 submissions, including one from this firm, and conducted approximately 60 initial consultation meetings with interested parties. We previously considered the recommendations submitted by the Consumers’ Federation of Australia (CFA) in relation to the BCOP review and how it may impact banks moving forward – please see our article here.
The interim report addresses a number of overarching themes and preliminary issues which have emerged from the BCOP review. Of particular interest are:
The ABA has invited comments on any of the matters raised in the interim report by 4 October 2021. The final report is due by the end of November 2021. Where the final report lands on the above issues will be important to many stakeholders – but the real question is whether the final report will satisfy all those stakeholders.
In the meantime, if you would like to know more about the BCOP review and how it could affect your organisation, please contact us.
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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