In 2022, anti-money laundering ("AML") and sanctions controls were at the center of regulatory and enforcement activities in the United States and abroad. Globally, governments have continued to recognize the impact of AML...more
In Short The Situation: As of the close of the Brexit transition period ending on December 31, 2020 ("Withdrawal Date"), UK banks, UK investment firms, and UK electronic money institutions ("UK Financial Institutions") can...more
The Situation: The European Central Bank ("ECB") has announced that it will set bank-specific supervisory expectations for the provisioning of non-performing loans ("NPLs") in a consistent way across comparable banks, which...more
Draft Regulatory Technical Standards on Content and Format of the STS Notification -
Regulation (EU) 2017/2402, which lays down a general framework for securitisation and creates a specific framework for simple,...more
3/16/2018
/ Banking Sector ,
Creditors ,
EIOPA ,
EU ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
Financial Institutions ,
Regulation Technical Standards (RTS) ,
Regulatory Standards ,
Transparency
Regulation (EU) 2017/2402 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation ("Regulation") came into force on 18 January 2018 and will...more
3/6/2018
/ Aggregation Rules ,
Capital Requirements ,
Data Collection ,
EMIR ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Institutions ,
Financial Services Industry ,
MiFID II ,
Reporting Requirements ,
Securitization ,
Securitization Standards ,
Trade Repositories
Law no. 124 of August 4, 2017 ("Law 124") provides important new rules on financial leases in Italy. It introduces a statutory definition of "financial lease" and deals with the event of serious breach (grave inadempimento)...more
8/30/2017
/ Banking Sector ,
Banks ,
Breach of Contract ,
Commercial Bankruptcy ,
Commercial Leases ,
Finance Lease Contract ,
Financial Institutions ,
Italy ,
Lessee ,
Lessor ,
New Rules
On June 15, 2017, the Italian Parliament approved the Conversion Law of Decree no. 50 of April 25, 2017 ("Conversion Law"). The Conversion Law includes a review of the legal framework applicable to Italian securitization...more
6/27/2017
/ Banks ,
Distressed Debt ,
Financial Institutions ,
Foreign Investment ,
Insolvency ,
Investors ,
Italy ,
Leases ,
Non-Performing Loans (NPL) ,
Reorganizations ,
Securitization ,
Special Purpose Vehicles