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Papua New Guinea Banking Sector Focuses on Compliance Amidst Reform Agenda
As the Bank of Papua New Guinea continues to push for reform in the country’s banking sector, financial institutions are being urged to prioritize compliance. The Bank of Papua New Guinea has launched a series of reforms aimed at increasing access and competition within the sector, creating new opportunities for financial institutions to grow.
Seeking Expert Guidance
To navigate these changes, banks are advised to seek expert guidance from a team with extensive experience in the field. One such firm is [Firm Name], which has been advising on banking and finance matters in Papua New Guinea for over four decades. The firm’s team has played a key role in drafting the country’s banking and superannuation reform legislation, including the Central Banking Act.
Expertise in Banking and Finance Law
With a reputation as leaders in banking and finance law, [Firm Name] is regularly engaged by major banks, multinational banks, international development banks and agencies, the Independent State of PNG, and the Bank of Papua New Guinea. The firm offers expert advice on a range of matters, including:
- Regulatory compliance
- Banking litigation
- Capital markets
- Derivatives and securities
- Consumer and mortgage finance
- Distressed situations
Global Support for Cross-Border Transactions
For cross-border transactions, [Firm Name] is well-equipped to provide support through its offices around the world. Whether seeking transactional, regulatory or adversarial advice, financial institutions can rely on a team that knows the territory and delivers clear analysis and solutions.
Recent News
In recent news, Dentons has welcomed Partner Jason Brooks to its Litigation team in Papua New Guinea (PNG), while advising Kina Securities Limited on its funding for WLTH’s acquisition of Mortgage Mart of Australia.