The Fédération Bancaire Française ("FBF") published in February 2020, two new sets of documentation to enable users of the FBF market documentation to comply with the requirements of Regulation (EU) 2016/1011 of June 8, 2016,...more
The Situation: In the event of a "hard Brexit," establishing a new contractual framework with EU-based clients will be a protracted and costly task for investment service providers based in London.
The Result: The French...more
The Situation: The French government has presented a new bill in order to prepare for a "Hard" Brexit scenario.
The Result: If the United Kingdom leaves the European Union in March 2019 without an overall deal—or with a...more
11/9/2018
/ Consumer Financial Products ,
Cross-Border ,
EU ,
European Economic Area (EEA) ,
Financial Services Industry ,
France ,
Insolvency ,
ISDA ,
Legacy Contracts ,
Safe Harbors ,
UK ,
UK Brexit
The Situation: The Legal High Committee for Financial Markets of Paris ("HCJP") recently published a synopsis of its three Brexit reports on contracts continuity.
The Result: In the event of the United Kingdom crashing out...more
9/5/2018
/ Banking Sector ,
Consumer Financial Products ,
Cross-Border ,
EU ,
European Commission ,
Financial Services Industry ,
France ,
Investment ,
Third Country Entities (TCEs) ,
UK ,
UK Brexit
The Situation: Delayed by two months, the long-awaited bill of President Macron's government relating to economic reforms and simplification of companies' day-to-day operations was tabled to the Cabinet on June 22, 2018....more
7/2/2018
/ Capital Markets ,
Cryptocurrency ,
EU ,
Financial Collateral Directive (FCD) ,
Financial Institutions ,
Financial Markets ,
Financial Regulatory Reform ,
Financial Services Industry ,
Foreign Investment ,
France ,
Initial Coin Offering (ICOs) ,
President Macron ,
Privatization ,
Proposed Legislation ,
Regulatory Agenda ,
Risk Management ,
UK Brexit
President Trump has signed into law the Economic Growth, Regulatory Relief, and Consumer Protection Act ("Act"), with the principal goals of promoting U.S. economic growth, recalibrating burdensome rules, and strengthening...more
6/11/2018
/ Banks ,
Dodd-Frank ,
Economic Growth Regulatory Relief and Consumer Protection Act ,
Federal Reserve ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Mortgage Loan Originators ,
Mortgages ,
Popular ,
Trump Administration ,
Volcker Rule