Financial services and regulation
Global ESG portal
Global | Publication | mayo 2020
Our global financial services regulatory practice helps our clients navigate the evolving and increasingly complex regulatory environment. We advise on how to improve, enhance and structure businesses in more efficient and commercial ways: complying with relevant requirements while seeking to reduce regulatory burdens and take opportunity from change. With a multidisciplinary team of lawyers, risk and compliance professionals and government relations and public policy strategists, we provide clients with a holistic approach, combining deep legal and regulatory knowledge with practical industry experience to deliver practical and commercial solutions.
We cover wholesale and retail financial services both within and outside the financial sector, and are structured around our core regulatory strengths: banking, markets infrastructure, commodities, asset and wealth management, insurance and FinTech. Our practice has built a leading reputation in the wholesale markets space and is recognized as being one of the only global legal practices with a significant retail focus.
Part of our financial services regulatory practice is our risk consulting team, comprised of risk and compliance professionals who work in tandem with our lawyers to bring clients a deeper level of service and knowledge. We advise and support senior management, compliance functions and front line businesses to develop, enhance and embed their regulatory frameworks and control environments and have extensive experience advising clients on a range of sophisticated, cross-border compliance, regulatory and risk control matters.
We also offer a government relations and public policy (GRPP) team, which offers clients a unique mix of policy, process and sectorial experience and works with clients throughout the entire legislative process, from initial objectives and drafting new law to implementing measures and application.
Our team is closely involved with global regulatory reform and has extensive experience working in the industry and with the world’s leading financial regulators, including the HM Treasury, the UK Financial Conduct Authority (FCA), the UK Prudential Regulation Authority (PRA), the US Securities and Exchange Commission and the US Commodity Futures Trading Commission. This gives us real insight into how the regulators think and work, as well as how regulatory policy is formed, turned into legislation and then supervised.
UK: Senior management and compliance 40-minute briefing
We are evolving our successful 40-minute briefings into webinars for financial services professionals.
Sustainable bonds to be traded on TSX
The Toronto Stock Exchange (TSX) has unveiled its plans to trade certain sustainable bonds alongside stocks in the fourth quarter of 2020.
Global: Sustainable finance considerations for UK branches/subsidiaries of foreign banks
We have been working with a number of institutions, helping them to navigate the complexities of requirements around sustainable finance and managing the financial risks posed by climate change.
Climate Financial Risk Forum publishes guide on climate-related financial risk management
On June 29, the Climate Financial Risk Forum (CFRF) published its guide to climate-related financial risk management.
Hong Kong: HKMA publishes white paper on green and sustainable banking
The Hong Kong Monetary Authority (the HKMA) has published a white paper outlining its initial views on the supervisory expectations for authorized institutions (AIs) in addressing climate-related issues.
Canada: Social bonds: A sustainable response to the current difficulties
Sustainable finance has gained momentum in recent years due to an increasing appetite among investors for responsible investment options that appropriately consider environmental, social and governance (ESG) criteria in their valuation processes.
UK: Monitor and protect
Just as the challenges faced by individuals and businesses during the pandemic are exceptional, so too is the Government’s response, and it is clear that both of the UK regulators expect firms to approach their business in the same way. Just as the challenges faced by individuals and businesses during the pandemic are exceptional, so too is the Government’s response, and it is clear that both of the UK regulators expect firms to approach their business in the same way.
UK: Vulnerability: Time to reassess
Both the PRA and the FCA have issued several communications to firms in recent weeks.