The critical role of in-house counsel and dealing with a regulator | Joseph Longo, Chair of the Australian Securities and Investments Commission

In this episode of Counsel Connect, host Marcus Pullen speaks with Joseph Longo, Chair of the Australian Securities and Investments Commission and former General Counsel for Deutsche Bank.Drawing on decades of experience operating at the highest levels of law and regulation, Joe shares practical insights on the relationship between in-house counsel and regulators. The conversation explores how general counsel can build trust with regulators, navigate internal corporate pressures, and provide objective advice when things go wrong.Joe also discusses the evolving expectations of modern in-house lawyers, from the importance of understanding the client business and risk, to embracing technology and leading a culture of compliance within organisations.This is a must-listen for any in-house lawyers, governance professionals, Boards and senior management seeking to navigate today’s complex legal and regulatory environment.------------------------------------------------------------Want to be a guest in a future episode or have a topic you want us to cover? Email us at: ⁠[email protected]: ⁠www.linkedin.com/company/jackson-mcdonald⁠Website: ⁠www.jacmac.com.auConnect with Marcus Pullen: https://www.linkedin.com/in/mjpullen/------------------------------------------------------------Chapters: (0:00) Introduction to Joe Longo and his legal background.(1:35) The #1 piece of advice for dealing with regulators(2:50) Navigating the entity: Helping boards think objectively about what went wrong.(5:15) Why in-house counsel must understand the business, not just the law.(6:30) The General Counsel as a "trusted advisor" on non-financial and reputational risk.(7:45) Systems intentionality and the challenge of holding corporations accountable.(10:15) Public expectations: Holding individuals vs. entities accountable.(11:20) Balancing legal independence with business partnership.(15:45) The "existential risk" of technology: Why ASIC and GCs must embrace AI.(21:30) Building a culture of curiosity and data literacy within legal teams.(25:00) Avoiding the trap of representing individuals over the entity.(35:45) Maintaining the role of the entity's "conscience"------------------------------------------------------------Produced by ⁠Podwave Studios⁠Music from #Uppbeathttps://uppbeat.io/t/light-prism/faded-beamsLicense code: BLWBQNZFIFV4LLLN