Both retail and investment banks are faced with an ever wider regulatory framework at both a national and international level.
Compliance requirements range from conduct of business rules around marketing and passporting financial products to overarching prudential requirements for capital, liquidity and recovery and resolution planning.
Our team advises the world’s leading banks on a very wide range of regulations. We have invested in building a large global team that provides expert advice and interacts with regulators on a day-to-day basis.
Areas we advise and assist clients on include:
- Authorisation applications - across a wide range of banking activities and in multiple different jurisdictions.
- Structural and regulatory reform - implementing compliance programmes and helping with business re-design processes.
- Consumer finance and retail - designing new retail products and advising on conduct of business rules for marketing and sales.
News & insights
Publications: 13 DECEMBER 2019
Allen & Overy publish weekly updates on key regulatory topics affecting the financial services sector.Read more
News: 10 DECEMBER 2019
When asked about global risks affecting their businesses, nearly three fifths (58%) of directors stated that technological advances (artificial intelligence and machine learning) are the most significant threat. This is according to the seventh annual Directors’ Liability report by international law firm Allen & Overy, in conjunction with Willis Towers Watson (NASDAQ: WLTW), the global risk advisory and insurance broker.Read more
Publications: 09 DECEMBER 2019
In light of the continued growth of residential housing prices and the impact on household debt, the Luxembourg parliament adopted a new act on 4 December 20191 (the Act) to grant specific intervention powers to Luxembourg’s financial sector regulator, the Commission de Surveillance du Secteur Financier (CSSF). In the event that developments in the Luxembourg real estate sector (potentially) threaten the stability of the national financial system, the CSSF is entitled by the Act to set the conditions upon which credit institutions, insurance undertakings and professionals carrying on lending operations, may grant loans relating to residential properties situated in Luxembourg.Read more
Publications: 04 DECEMBER 2019
There is unprecedented demand for and use of technology in the financial services sector. However, greater reliance on technology brings with it increased levels of risk. In particular, IT incidents and even brief disruptions to digital services may have a significant impact on clients and the markets.Read more
Recognition for our work
We get really sound advice. Their regulatory lawyers work well with the rest of the firm so we get a good, well-rounded approach. In terms of quality of advice they're a cut above the other firms.
Chamber UK 2018 - Financial Services: Non-contentious Regulatory
It's the kind of firm that you rely on not just for their US knowledge but the fact that they have roots internationally. They bring a global perspective that's really helpful.
Chambers USA 2018 - Financial Services Regulation