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Lisa Curran

Senior Counsel

Rome

LC

Lisa Curran

Senior Counsel

Rome

Lisa's practice focuses on banking and capital markets work, with particular emphasis in derivatives, structured finance and regulatory compliance. She acts as counsel to the International Swaps and Derivatives Associations in respect of matters involving Italian law and the Italian derivatives markets (including, but not limited to, issuance of the industry netting and collateral opinions published by ISDA for Italy), and regularly assists foreign and Italian financial institutions in connection with the management of credit and legal risks involved in financial transactions concluded with Italian public and private sector counterparties.

She has represented a number of clients in dialogues with the Bank of Italy and CONSOB (Italy’s securities regulator) in connection with issues concerning licensing, conduct of business requirements and application of sanctions. As counsel to ISDA, Lisa has had various interactions with the Bank of Italy in connection with matters relating to implementation of the BRRD, including in relation to resolution stay powers. Lisa's clients have included the World Bank and the Federal Reserve Bank of New York. She has acted as a member of the Council for the Legal Practice Division of the International Bar Association (IBA), in which capacity she co-chaired compilation of a G20 Survey for the Policy Development Committee of the Basel Committee on Bail-in, and is a former Co-Chair of the IBA's Banking Committee. Lisa has provided expert witness testimony in relation to Italian court cases involving derivatives transactions and has been nominated to the panel of experts of PRIME Finance, a dispute resolution facility based in The Hague.

News & insights

Publications: 10 DECEMBER 2019

Registered AIFMs and internally managed non-AIFs: the CSSF’s reminder of your AML/CFT obligations

The CSSF continues to raise awareness of AML/CFT obligations to the fund industry. Following a conference addressed to registered (sub-threshold) AIFMs and internally managed non-AIFs, the CSSF published a list of common AML/CFT pitfalls.

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Brexit day 1 readiness for European banks and investment firms

Publications: 15 OCTOBER 2019

Brexit day one readiness for European banks and investment firms: risk, legal and compliance changes for EU firms under EU law

We examine some of the ways in which a hard Brexit will affect the EU legal and regulatory obligations of EU financial services firms facing or using UK clients/counterparties/market infrastructure.

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Publications: 17 JANUARY 2019

Italian Insolvency Law Reform

On January 10, the Council of Ministers adopted the legislative decree implementing delegated law no. 155 of 19 October 2017 (Delega al Governo per la riforma organica delle discipline della crisi di impresa dell’insolvenza), containing the codex of the crisis of enterprises and insolvency (CCI).

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Publications: 27 DECEMBER 2017

The Italian 2018 Budget Law Provides Sets Stage for Banks to issue Senior Non Preferred Notes

​Earlier today, the Italian Parliament approved the Italian Budget Law for the year 2018 (the 2018 Budget Law), which provides, inter alia, for amendments to Italian Legislative Decree no. 385 of 1 September 1993 (the Italian Banking Act) and to Italian Legislative Decree no. 58 of 24 February 1998 (the Italian Financial Services Act) aimed at permitting the issue by Italian banks of "non preferred" senior liabilities (Italian SNP), introducing a category of "second level unsecured debt instruments" ranking, in the insolvency or resolution of an Italian bank, directly below its senior unsubordinated liabilities, including senior unsubordinated notes but above all subordinated claims (including in respect of Tier 2 instruments and additional Tier 1 instruments) and shares.

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LC

Office

Rome

Allen & Overy Studio Legale Associato
Corso Vittorio Emanuele II 284
Rome
00186

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Qualifications

Professional

Admitted as Solicitor, England and Wales, 1993

Academic

Queen's University, Kingston, Canada, 1986

Published work

  • Lisa has contributed a number of articles and acted as country correspondent for a variety of legal publications, including Butterworths Journal of International Banking and Financial Law.
  • In November 2010, Lisa coordinated a G20 survey of the legal issues associated with proposed bank "bail-in" measures for submission to the Policy Development Group of the Basel Committee.