Exchange - International Newsletter - Issue 19 – July 2013

DLA Piper’s Financial Services International Regulatory team welcomes you to the nineteenth edition of ‘Exchange – International’, an international newsletter designed to keep you informed of regulatory developments in the financial services sector.

This issue includes updates from EUROPE, AUSTRIA, GERMANY, HONG KONG, the UK and the USA.

Please click on the links in the newsletter to access updates for the relevant jurisdictions.

Our aim is to assist you in providing an overview of developments outside your own jurisdiction which may be of interest to you. In each issue we will also focus on a topic of wider international interest. In this edition, “In Focus” looks at the implementation of the banking reform bill in France.

- Excerpt from In Focus: FRENCH DRAFT BILL: FINANCIAL AND BANKING REFORM:

As a result of the recent financial crisis, the French legislator plans to implement financial and banking reform by adding new provisions to the French monetary and financial code (“MFC”). The French draft bill, released by the Assemblée Nationale, and currently being examined by the French Parliament, is mainly aimed at: (I) implementing a separation of credit institutions’ trading activity; (II) introducing new rules in connection with the prevention and the treatment of credit institutions’ difficulties; and (III) increasing the powers of the French supervisory authorities.

Please see full newsletter below for more information.

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Topics:  Banking Sector, Compliance, EU, Foreign Banks, Foreign Investment, International Tax Issues, New Legislation, New Regulations

Published In: Business Organization Updates, General Business Updates, Finance & Banking Updates, International Trade Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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