Banking e Regulatory

In corporate and financial markets, we advise on issues affecting

• The provision of investment services
• The provision of collective management services
• The provision of banking, payment services and electronic money
• The activities of broker dealers including the setting up of networks
• Authorisations for the acquisition of holdings in banks investment firms and insurance companies
• Authorisations for the provision of banking, investment services and insurance activities
• Brexit
• Capital adequacy and financial products
• Capital increase transactions
• Compliance procedures (including support to internal compliance function)
• Consumer credit
• Custody and depositary banks
• Customer documentation and terms of business
• Derivatives
• Exchanges and clearing systems
• Drafting of pledges, financial guarantees and financial collateral agreements
• Fund management
• Insurance and reinsurance
• Investment banking
• Investment funds
• Inward and outward passporting of banking, investment and insurance services
• Marketing rules
• Off-premises offers of banking and payment products
• Outsourcing
• Procedures for the application of fines before the competent regulatory authorities
• Product manufacture of investment and insurance products
• Recovery and resolution plans
• Regulatory capital
• Shareholders' agreements
• Transparency rules applicable to banks, PSPs and IMELs

Our team of specialists has been involved in the most relevant aggregations of credit institutions, stock exchanges and providers of securities services that have taken place on the Italian and European markets in the past years dealing with the regulatory aspects of such transactions.

We also advise on the carrying out of public tender offers and exchange offers.

We have extensive experience in advising on the whole range of the regulation of investment services and activities. We regularly advise asset managers and asset managers' associations in all aspects related to the implementation of the UCITS Directives, including in connection with the provision of depositary and local paying agent services.

In many cases our advice has focused on the offering of multi-jurisdictional financial products in more than one EU country at the same time. We also have relevant experience in the development of innovative financial products for the Italian market.

Notable is the experience in the provision of advice to Italian and foreign regulated markets (including in the context of aggregations) and to central securities depositories and central counterparties.

We regularly advise banks in both non-contentious (including corporate governance, capital adequacy, recovery and resolutions plans, offer of services and products, development of new products, transparency provisions) and contentious matters (including arbitration). An area of expertise of the Firm is the advice to payment institutions and e-money institutions.

We are often involved in providing assistance in the course of on-site inspections and other forms of investigations concerning financial intermediaries and in the financial assistance for challenging before the administrative courts the regulatory decisions imposing fines. This work demands an in-depth knowledge of all financial services matters, supervisory capital issues and the design of new products. In the wake of the global financial crisis, financial institutions across the world are facing a new web of regulation: there is intense attention from governments, authorities and media on how organisations implement and adhere to these rules.