Belgium > EU regulatory > Financial services
Allen & Overy LLP represents the Belgian arms of international banks and asset managers including J.P. Morgan International Bank and Citibank. Sylvia Kierszenbaum advises clients on matters ranging from covered bond legislation to investment funds passporting, and recently acted for several Belgian banks on complex retail structured products. The team also handles consumer matters including regulation of payment services, remuneration and consumer credit regulation.
Cleary Gottlieb Steen & Hamilton LLP advises large European and domestic banks on the regulatory aspects of mergers, restructuring and litigation. It advised key client BNP Paribas on an intra-group restructuring following its acquisition of Fortis’ insurance and commercial finance divisions. Nicholas Levy advised Ernst & Young on the EC’s investigation into the audit sector.
Clifford Chance advises many financial institutions on Basel III, short selling, and the Libor and IBOR investigations. The team specialises in bank secrecy advice, and has also recently advised several clients on the downscaling and transfer of their Belgian operations to Asia.
Freshfields Bruckhaus Deringer advises clients on the regulatory framework surrounding insurance insolvency, in addition to securities market regulation and trade in the financial services sector. Andrew Renshaw advised Visa Europe on the regulation of card, internet and mobile phone payment technology.
Gide Loyrette Nouel A.A.R.P.I.’s ‘excellent regulatory practice’ acts for Big Four accountancy firms, hedge funds and private equity clients on the implementation and reform of financial directives. Benoît Le Bret recently advised NYSE Euronext on regulatory reforms concerning MiFID, MAD and EMIR, and also advised EVCA and EPER on the AIFM Directive.
Steptoe & Johnson LLP’s superb banking and insurance advisory practice acts for various Swiss banks on dealings with EU institutions. Jean Russotto is ‘an excellent manager of difficult situations’, and has ‘unique experience’ in bank-related proceedings before the EC. Guy Soussan and Philip Woolfson advise insurers, reinsurers and risk managers on cross-border products, the Insurance Mediation Directive and equivalence procedures under Solvency II.
Stibbe has a transactional focus, and advised National Bank of Belgium and the Financial Services and Markets Authority (FSMA) on the rescue of Belgian retail banks. Jan Peeters advised clients on passporting into Belgium and FSMA compliance. Ivan Peeters and Wouter Ghijsels were recently appointed to European Investment Bank’s project finance panel.