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Jacques Schillaci

Counsel, New York

“I help clients navigate the complex maze of U.S. financial regulation and achieve their commercial goals while minimizing legal, regulatory and reputational risk.”

Overview

Education and qualifications

Overview

Member of the New York Bar

Jacques advises clients on a wide range of regulatory issues in connection with mergers and acquisitions, securities offerings, fund formations, derivative and structured finance transactions, and loans and other financings.  His practice focuses on the U.S. regulation of banks, bank holding companies and foreign banks, though he also advises fund managers and a number of other non-bank clients concerning the impact of U.S. financial regulation.  He has developed particular expertise on cross-border transactions and advising on the intersection between the U.S. banking laws and foreign legal requirements. 

In recent years, Jacques has focused a significant portion of his practice on the Dodd-Frank Act and other regulatory responses to the financial crisis.  He has provided extensive advice on the application of the Volcker Rule to both fund and structured product transactions, as well as to financial institutions’ trading operations.  He has also advised a number of banks on U.S. regulators’ new “enhanced prudential standards.”  His practice also encompasses advice concerning regulatory capital requirements under Basel III and the requirements of TLAC.

Jacques frequently speaks on regulatory matters at legal and industry conferences, and is regularly quoted in the financial media about financial reform.  He has been recognized as a “next generation lawyer” for financial services regulation by the Legal 500.  He is a member of the Banking Law Committee of the New York City Bar Association.

Work Highlights
  • Advised a number of banks on their Brexit planning and the impact of U.S. financial regulation.
  • Provided legal and strategic advice to several foreign banks considering entrance into the U.S. market.
  • Represented Unicredit in connection with the proposed merger of its asset management business with Santander Asset Management.
  • Advised the board of a large Asian bank on adapting its compliance and risk infrastructure to comply with new prudential requirements under the Dodd-Frank Act.
  • Counseled a number of U.S. and foreign banks on structuring their securitization and repackaging transactions to address Volcker Rule concerns.
  • Advised a large institutional investor on Bank Holding Company Act and Volcker Rule requirements in connection with more than a dozen private equity fund investments.
  • Represented a major U.S. bank in the negotiation of its outsourcing agreements.
  • Counseled a major Asian bank to address a number of conflicts between local law requirements and those under the U.S. banking laws in connection with its establishment of a new asset management business.

Education and qualifications

Jacques studied political science and psychology at the University of Michigan and holds a Juris Doctorate from the Northwestern University School of Law in 2003.