Regulatory & Compliance / Banking – Investment Services – Insurance

Our Regulatory & Compliance / Banking – Investment Services – Insurance team provides advice and representation on the full array of licensing and compliance issues.

Our team assists French and international financial institutions and insurance companies in their regulatory compliance efforts in connection with their domestic or cross-border operations, from impact assessment to operational rollout.

We provide clients with tailored compliance solutions that factor in their individual corporate culture, needs and business objectives and optimize their business model in an over-regulated environment.

Our team is recognized for its innovative compliance expertise, especially in regulatory risk mapping and, later on, in implementing compliance policies (anti-money laundering and terrorist financing, consumer credit, KYC and consumer protection, etc.).

Commercial operations assistance

Our team has extensive expertise in banking license application, amendment and revocation issues. We advise credit institutions, investment firms, asset managers and insurance companies throughout these processes (putting together the application, liaising with regulatory authorities, establishing risk management / internal control procedures), including in the context of Brexit.

We also routinely advise on restructurings, including due diligence and transaction processes. We also advise clients on governance issues and assist them in establishing organizational rules or reviewing their governance policies (supervision and internal control policies).

Compliance with French and European Regulations

We help financial institutions keep abreast of and in compliance with evolving French and European regulations (MiFID, AML-TF, IDD, CRD, PRIIPS, DSP, etc.). We work seamlessly with them on project management, feasibility studies, product launches, KYC requirements, JV and outsourcing agreements, etc.

The team also specializes in conducting regulatory audits (including of anti-money laundering and terrorist financing programs), drafting the related procedures, establishing technology management rules, assisting with ongoing and periodic internal control processes, developing and implementing remediation plans.

Customer protection

We advise financial institutions throughout the CRM process, from the inception and structuring of investment products and the implementation of product governance standards, to the review of the related marketing materials and contractual documentation (investment account agreement, discretionary asset management agreement, etc.) and the resolution of customer disputes.

 

We also advise clients on transactions that affect their customers, such as transfers of customer portfolios, including in the context of Brexit.

Dealings with Regulatory Authorities

We offer recognized expertise in developing and implementing cross-functional audit remediation plans. We also assist clients facing enforcement actions.

Pre-litigation, enforcement and litigation representation

We advise clients on pre-litigation matters (customer complaints, mediation, etc.) and represent them before civil and administrative courts.

Financing

Our team advises major corporations (some outside the financial sector) on their bank financing or market-based financing issues.