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Financial Regulation 


The focus on regulation is creating an extremely challenging environment for financial institutions, as governments and international regulators act to substantially change their capital requirements and governance.

As regulation becomes increasingly complex – in particular its international dimension – there is also a lack of clarity regarding its implementation. At the same time, the authorities are showing greater propensity to enforce, through ever more intrusive and extensive investigations. 

With strategic, technical and commercial advice in strong demand against this backdrop, our market-leading global group can advise you on all aspects of regulatory and risk management, enforcement and compliance work across multiple jurisdictions.

As the regulatory environment evolves, particularly in light of Brexit, it is vital that clients continue to have access to recognised experts for advice on all aspects of retail and wholesale banking regulation.  Our team of contentious and non-contentious lawyers can act as key advisers on your most sensitive and reputation-threatening regulatory issues.

Understanding the challenges from our clients’ perspective  

Our relationships with investment and commercial banks, investment managers, trading platforms and exchanges worldwide are unrivalled and longstanding. As a result, we understand the challenges that affect our clients at national, European and international levels, enabling us to deliver incisive advice on critical financial regulatory issues.  

Drawing on the depth of our international expertise in complex financial systems and products, we are able to advise across 70 jurisdictions through our offices and relationship firms. The range of work our team handles underlines the quality of our regulatory practice.  

Recent highlights include

  • Advising swap dealers’ consortium OTCDeriv on its interaction with LCH.Clearnet’s interest rate swap clearing platform SwapClear as well as advising private equity firm Cerberus Capital on regulatory issues arising from its sale of a £3.3 billion mortgage portfolio, originally owned by failed bank Northern Rock, to UK lender TSB.
  • Advising UniCredit Pioneer Global Asset Management on a change of control issues relating to the merger of Pioneer Investments (UniCredit’s asset management business) and Santander Asset Management.
  • Reviewing and advising on an internal restructuring project to improve the regulatory capital of a consolidation group as well as simplifying the ownership structure of its regulated entities within the group.

 

MiFID II/ MIFIR and Asset Management – In a nutshell

  • This short guide covers some of the key areas that asset managers should consider to ensure that they are aware of a broad range of new and enhanced requirements placed upon them under MiFID II and MiFIR.

Senior Managers and Certification Regime

  • The Senior Managers & Certification Regimes (“SMCR”), which applies to banks and PRA designated investment firms, will be extended to apply to all authorised firms, including insurers, investment firms, asset managers, insurance and mortgage brokers and consumer credit firms.

    We have produced this guide, aimed at those firms who have been newly brought within the scope of the extended regime.
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Investigations and Regulatory Enforcement Microsite

  • This microsite keeps you up-to-date with information and practical guidance in this constantly changing field.
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NEW Asia Financial Regulation Group Blog

  • As financial regulation becomes increasingly complex, Linklaters experts are here to help you understand and stay on top of changes via our newly launched Asia Financial Regulation Group Blog.
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MiFID II Microsite

  • This microsite provides you with information and practical guidance in relation to MiFID II/ MiFIR, both of which must apply within Member States by 3 January 2018.
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