Firms To Watch: Banking and finance: Bank regulatory

Civale Associati is increasingly well-regarded among its client roster of banks, payment services providers, financial services providers and e-money issuers, among other entities.
Deloitte Legal Italy -Società tra Avvocati a r.l.‘s financial services industry regulatory practice is led by Guerino Cipriano, who acts for financial institutions and insurance companies on financial regulatory matters, including ongoing issues, extraordinary transactions and the launch of new products.
Orsingher Ortu – Avvocati Associati launched its financial services regulation practice in 2021 when it hired banking and financial law specialist Luigi Baglivo, a former partner at Grimaldi Alliance.
Studio Professionale Associato a Baker & McKenzie's Italian regulatory practice is headed by Eugenio Muschio, a partner as of July 2022, who is particularly experienced in the implementation of supervisory authorities' regulatory provisions.

Banking and finance: Bank regulatory in Italy

BonelliErede

BonelliErede‘s ‘highly skilled team covers a wide range of financial and banking regulations‘. Clients particularly appreciate the firm’s dedicated investigation practice, which focuses on possible civil, criminal and administrative liabilities within banks and supervised entities. Department founder Giuseppe Rumi is a highly regarded banking and insurance regulation specialist. The financial regulatory department additionally features Andrea Savigliano (promoted to senior counsel during 2022) and experienced managing associate Giulio Vece. Federico Vezzani left the firm in early 2024.

Other key lawyers:

Giuseppe Rumi; Andrea Savigliano; Giulio Vece


Testimonials

The highly skilled team covers a wide range of financial and banking regulations, as it has professionals specifically dedicated to different areas.

The lawyers are very responsive and problem-solving oriented.

Key clients

Generalfinance


Enel X


Banca Popolare di Bari


Casavo


Banco BPM


Banca Ifis


AideXa


FNM


Colliers


Banca Cividale


Work highlights


  • Assisted Generalfinance on the listing of its ordinary shares on the Euronext Star Milan Market (managed by Borsa Italiana).
  • Advised Banca Ifis (and parent company La Scogliera) on the regulatory aspects of a long-term project that involved the transfer of the registered office of La Scogliera from Italy to Switzerland.
  • Assisted Casavo Management with the incorporation of Casavo Mutui and its registration as  a credit broker.

Chiomenti

Able to cover all areas of the financial markets‘, Chiomenti‘s practice excels in its knowledge of the regulatory framework of banks, investment firms, asset managers, insurance companies and payment institutions. Hailed as the ‘go-to-adviser in his jurisdiction‘, Alessandro Portolano heads up the firm’s regulation of financial institutions and activities group, and is an expert in banking, financial, insurance, payment services and asset management regulations. Key support is provided by Vincenzo Troiano, whose ‘financial regulation knowledge is incredibly strong‘; Felice Azzollini, an of counsel since August 2022; and recently promoted managing associate Flavia Pagnanelli.

Practice head(s):

Alessandro Portolano


Other key lawyers:

Vincenzo Troiano; Felice Azzollini; Flavia Pagnanelli


Testimonials

A very strong team in terms of knowledge, and always focused on the client so as to find innovative solutions to any legal issue.

‘Understands the business and technical restrictions of clients and implements the best legal solutions. This marks a big difference from other firms.’

Amazing knowledge and able to cover all areas of the financial markets.

Very responsive and works for all the major players.

Alessandro Portolano is an international leader in his field. He has decades of experience and is the go-to-adviser in his jurisdiction.

Alessandro Portolano is a very experienced lawyer who knows how to find the best legal solution to any issue.

Vincenzo Troiano’s advisory support is a guarantee – he really impresses with his talent to combine deep analytical ability and effective synthesis.

Vincenzo Troiano’s financial regulation knowledge is incredibly strong, as is his expertise in the financial sector.

Key clients

Payden & Rygel


Elliot


Credito Fondiario


Credit Suisse


Tifosy


Intesa SanPaolo


Banca Finnat Euramerica


Unipol Group


BPER Banca


Blackrock


CONAD


Praesidium


Deutsche Bank


Banca Generali


State Street Bank


Allianz


BBVA


Credito Lombardo Veneto


Allfunds Bank – Milan branch


Unicredit Bank – Milan branch


Gruppo Mutuionline


Allianz Bank S.p.A.


Banca Findomestic


Banca Carige


Banco BPM


Cassa Depositi e Prestiti


Banca Popolare Valconca


Work highlights


  • Assisted BBVA with the launch of a mobile retail banking business line in Italy.
  • Assisted BPER Banca with the regulatory side to the acquisition from the FITD of a direct controlling interest in Banca Carige and, indirectly, in its subsidiaries Banca Monte di Lucca and Banca Cesare Ponti.

Alma LED

Acting for banks and tech and fintech companies, Alma LED‘s banking and financial regulation team houses experts in the regulatory aspects of crowdfunding, peer-to-peer lending, and mobile payment and payment aggregator activities. Marco Zechini is experienced in banking, financial and payment services regulation, along with AML and corporate governance issues. Luca Benvenuto is the Rome banking and financial regulation team coordinator, while Virgilio Sollima is an active senior associate.

Practice head(s):

Marco Zechini; Luca Benvenuto


Other key lawyers:

Virgilio Sollima; Sergio Visalli


Key clients

AcomeA SGR


AdmiralPay


American Express Italia


Axepta


Axerve


Banca Carige


Banca Profilo


Banca Valsabbina


Borsa del Credito – Business Innovation Lab


Centrico


Cityposte Payment


CGN Fintech


CONAD


Edenred Italia


Fairfield


Fabrick


Flowe


FX12


Helbiz


Hype


Iconto


Iren Mercato


Mooney


MyCicero


Nexi


Oktopay


Paytipper


Postepay


Prestiamoci


Primaton


Quid Ecosystem Group


Santander Sicav


Satispay Europe


TeamSystem


Teamsystem Payments


Telepass Pay


The Reputation Exchange


Tinaba


Vertis SGR


Work highlights


Bird & Bird

Bird & Bird ‘s Italian financial regulatory practice has substantial experience in the rules governing banking and financial services activities. Banking and financial markets regulation department head, Raimondo Maggiore, is a financial regulation expert, whose practice includes contentious regulatory and enforcement matters; co-head of the financial services group, Stefano Febbi ocuses on banking, financial services (including payments services) and insurance regulation; and Rossella Sansone is experienced in asset management and financial services. Diego Bobbo and Diego Cefaro are the senior associates to note, while Annapaola Schino is a recently elevated counsel.

Practice head(s):

Raimondo Maggiore; Stefano Febbi; Rossella Sansone


Testimonials

A very complete team that is specialised in regulatory matters.

Some individuals of the firm have had professional working experience with the Italian regulators, which is a real plus when dealing with issues that fall under the scrutiny of such regulators.

Key clients

Allianz Group


Banca Agricola Popolare di Ragusa


Banca Popolare Pugliese


Banca Valsabbina


BPER Banca


CheBanca!


CNP Assurances


Crédit Agricole Italia


Credem Group


ICCREA Group


Intesa Sanpaolo


Mediobanca


Mediolanum Group


SACE


Wayflyer


Work highlights


  • Assisting Banca Agricola Popolare di Ragusa, Banca Valsabbina and Banca Popolare Pugliese with  multiple issues surrounding the regulatory framework applicable to the provision of banking corporate governance.
  • Assisting Allianz Group in Italy with assessing and implementing the new European legal framework on sustainable finance within the operations of its companies.
  • Advised Mediolanum Group, Intesa Sanpaolo, CheBanca!, Banca Sella, BPER Banca, Credem Banca, Mediobanca and ICCREA Group on the interpretation and application of the EU and national rules regulating the provision of investment services (among others).

Clifford Chance

Clifford Chance‘s financial regulation team advises domestic and international groups, arrangers and financing banks on high-profile matters. Lucio Bonavitacola heads the investment funds and regulatory team, with clients benefiting from his regular contact with regulatory bodies, the Bank of Italy and CONSOB. Gioacchino Foti‘s track record includes advising the Italian Banking Association while other key figures within the group include banking and finance partners Charles AdamsGiuseppe De Palma and Ferdinando Poscio. At counsel level, Francesca Cuzzocrea is experienced in banking products, while Riccardo Coassin advises on regulatory issues.

Practice head(s):

Giuseppe De Palma


Other key lawyers:

Lucio Bonavitacola; Gioacchino Foti; Charles Adams; Ferdinando Poscio; Francesca Cuzzocrea; Riccardo Coassin; Filippo Tassoni; Alberto Claretta Assandri


Testimonials

‘A very coordinated and competent team.’

‘Always available and proactive – ensures a high level of service by working cohesively.’

‘In addition to the excellent technical skills and the always very polite and collaborative approach, clients report a strong aptitude for problem solving.’

Key clients

Cassa Depositi e Prestiti


Intesa Sanpaolo


Leonardo


Macquarie Infrastructure and Real Assets


Milione


Pirelli


SACE


The Student Hotel


UniCredit


Work highlights


  • Assisted Intesa Sanpaolo and UniCredit (and other international and national banks) as lenders, with the renegotiation of a €1.5bn credit line granted to Saipem.
  • Advised Leonardo on a revolving ESG-linked credit facility with a pool of international and national banks.
  • Advised The Student Hotel, a global developer and operator of accommodation centres, on securing €145m in social and environmental impact financing from UniCredit.

FIVELEX Studio Legale e Tributario

FIVELEX Studio Legale e Tributario‘s finance, banking and insurance department acts on corporate governance issues, investment and banking services, and the issue and offering of banking and finance products. The practice also focuses on private banking services, asset management, and insurance-financial products. Francesco Di Carloreally makes a difference to clients’ success‘, whereas Edoardo Guffanti advises banks, and investment, asset management and insurance companies on non-contentious matters. Mara Fittipaldi is a finance specialist while Flavio Acerbi is ‘a highly specialised and experienced lawyer’. Debora Gobbo was recently promoted to managing associate.

Practice head(s):

Francesco Di Carlo; Mara Fittipaldi; Edoardo Guffanti


Other key lawyers:

Flavio Acerbi; Debora Gobbo; Camilla Fornasaro; Alessandra Iandoli


Testimonials

The team is capable of handling highly complex situations and sorting them out with simple and effective solutions. It has also always been super responsive.

A creative and out-of-the-box approach.

This practice comprises professionals with great communication skills, passion for their job, and a willingness to understand and support clients throughout the whole phase of a project.

What clients really appreciate is the ability to communicate and coordinate different functions (tax, legal and financial support), so as to provide a full package of solutions.

Francesco Di Carlo is a business partner to clients. He really makes a difference to clients’ success.

Francesco Di Carlo is outstanding on both the legal and tax side, as well as his longstanding experience and deep knowledge of the regulated environment; and Flavio Acerbi is a highly specialised and experienced lawyer, who always makes himself available, even at short notice.

Flavio Acerbi impresses with his professionalism and dynamism.

Clients appreciate the skills and competence of managing associate Debora Gobbo, who delivers precious technical support that allows clients to face regulatory challenges safely.

Key clients

Amaranto SIM


Assicurazioni Generali Group


Alleanza Assicurazioni


Banca Generali Group


Banca Mediolanum


Banca PSA


Banca Sella


Banco BPM


Banque Cramer & CIE


Beyond Investment


BNP Paribas (Suisse)


Cassa Lombarda


Clessidra Group


Consultinvest Group


Cornèr Banca


Credem Group


Decalia SIM


Edmond de Rothshild


EFG International


Equita Group


Ersel Group


Four Partners Advisory SCF


Global Capital


Gruppo Bastogi


Illimity Bank


Italmobiliare


Julius Bear Group


Kairos Group


Milano Investment Partners SGR


Lloyds Banking Group


PGIM


PKB Privatbank Group


Tack SFC


Vontobel Group


Whysol


Xenon AIFM


Work highlights


  • Assisted Milanofiori Sviluppo with the financial aspects of Milanofiori Sviluppo’s sale of two properties in Milan to an Italian closed-end real estate investment fund.
  • Assisted Italmobiliare with the authorisation request for the acquisition of a qualifying shareholding in the corporate capital of Bene Assicurazioni.
  • Assisted PGIM with setting up its Italian branch, which included regulatory issues.

Hogan Lovells International LLP

A top provider of legal services in Italy’s finance industry‘, Hogan Lovells International LLP‘s practice is highly experienced in payment services, crypto regulations and AML directives; and is consistently involved in the regulatory procedures surrounding cross-border M&A transactions. Italy financial services and asset management leader Jeffrey Greenbaum acts on the authorisation, distribution and regulatory issues surrounding financial entities and regulatory inspections. Other key advisers include recently-promoted regulatory counsel Elisabetta Zeppieri, whose expertise comprises banking, investment, insurance and payment services, collective asset management, and pension funds. Since publication, Claudia Colomba left the firm.

Practice head(s):

Jeffrey Greenbaum


Other key lawyers:

Elisabetta Zeppieri


Testimonials

An always available and competent team. HL is a top provider of legal services in Italy’s finance industry. Whenever clients have a complex or particularly thorough problem, this is a go-to team.’

Hogan Lovells is a truly commercial firm, with a depth of knowledge among its team that means someone is always available to support and advise, even at short notice and out of hours.

Its ability to understand a client’s business and products is outstanding, meaning that the advice positions the client to achieve optimum outcomes. The lawyers do not just produce legal advice but are truly trusted advisors.

Exceptional knowledge of the Italian payment industry, payment regulatory advice and AML matters – very solutions oriented with out-of-the-box thinking.

Hogan Lovells always delivers its service in accordance with deadlines and the expected high levels of quality.

Jeffrey Greenbaum and Elisabetta Zeppieri are outstanding professionals – great precision, availability and timing.

Jefferey Greenbaum and Elisabetta Zeppieri provide an exceptional service. They both understand clients’ business and needs, as well as the local Italian requirements – excellent skills and experience in communicating with the authorities.

The team, comprising Jeffrey Greenbaum and Elisabetta Zeppieri, is excellent. The lawyers are responsive, knowledgeable and commercially aware.

Key clients

DeA Capital Real Estate SGR


MFS Investment Management Company (Lux)


Apollo Global Management


BNP Paribas


BNL


Daimler


Work highlights


Legance - Avvocati Associati

Legance - Avvocati Associati‘s ‘extremely competent and efficient ‘ financial intermediaries regulation department fields (from both Rome and Milan) specialists in the regulatory aspects of banking, finance and insurance business. The figures to note are highly regarded team head Marco Penna, who ‘has broad knowledge of banking and financial markets regulation‘ and recently promoted partner Marco Romanelli, who specialises in the regulation of banks and financial intermediaries. At counsel level, Giovanna Tassitano advises on the regulation of the banking, insurance and financial markets, while Giuseppe Alessandro is an experienced managing associate. Federico Vezzani was a new arrival in early 2024.

Practice head(s):

Marco Penna; Marco Romanelli


Other key lawyers:

Giovanna Tassitano; Giuseppe Alessandro; Alberto Mozzi; Federico Vezzani


Testimonials

Extremely competent and efficient in delivering advice.

Marco Penna has broad knowledge of banking and financial markets regulation, and gives practical advice that is aimed at finding viable solutions.

Key clients

Advent International


Apax Partners


Argo Finanziaria


Aviva


Banca Finint


Banca Progetto


Banca Sistema


Banco BPM


BPER Banca


Crédit Agricole CIB


CBRE


Dell


Elliott


Finest


Fortress Investment Group


Mediobanca


Nexi


UniCredit


Work highlights


  • Assisted Nexi with the regulatory profiles surrounding an agreement with competitor Nets for the integration of the two groups.
  • Assisted Nexi, and its controlling shareholder Mercury UK HoldCo, on the regulatory aspects of the integration between Nexi and SIA.
  • Assisted Cboe Global Markets with the recognition in Italy of the markets Cboe Futures Exchange and Cboe Exchange.

Simmons & Simmons

Simmons & Simmons‘ Milan team is sought out by brokerage houses, investment exchanges, investment banks, commodity traders, asset management companies, and insurance and life assurance companies for financial services and markets regulatory work. The recent experience of financial services regulation group head Romeo Battigaglia includes obtaining local licenses for UK-based MiFID firms and credit institutions. At of counsel level, Maria Giusy Naccarato has notable expertise in the asset management and financial institutions sectors, while Andrea Tonon is alternative funds Italy head. Senior associate Mirella Di Carlo also advises on regulated markets.

Practice head(s):

Romeo Battigaglia


Other key lawyers:

Maria Giusy Naccarato; Andrea Tonon; Mirella Di Carlo


Testimonials

Very competent, understands clients’ needs, and knows the sector very well.

Good contacts with the regulators, and proactive and reasonable.

The team is a one-stop shop, possessing transactional, advisory and regulatory expertise under one and the same roof.

Key clients

Rede & Partners


First Sentier


HarbourVest


Generali Global Infrastructure


BlueBay Asset Management


Allianz Global Investors


Blackstone


BNP Paribas


Deutsche Bank


F&C Management


Jefferies


Jupiter


Schroders


UniCredit


Vanguard Asset Management


HitecVision


CoinBase


BlockChain


Foris DAX


BB Trade


Work highlights


Atrigna & Partners

Specialising in financial market regulation, Atrigna & Partners houses experts in financial intermediaries’ operational mechanisms, as well as regulatory issues. Dino Abate is regulatory banking and finance head, while Toni Atrigna advises on the rules governing markets, investment services and collective asset management activities, and the relationships between intermediaries. Alberto Manfroi focuses on financial markets law. Also key to the group, Gian Luca Greco advises on banking and investment services regulations.


Practice head(s):

Toni Atrigna; Alberto Manfroi


Other key lawyers:

Dino Abate; Gian Luca Greco


Testimonials

Atrigna & Partners is a firm that is highly regarded for its strong specialisation in financial products, an expertise that is hard to find in other law firms.

The professionals are very proactive, quick in their execution, and clear in their presentation.

Precision in its delivery, great organisational abilities, and excellent knowledge of the subject area.

Both the partners of the firm and the senior associates are always available, traceable and courteous.

Always available, highly qualified and able to produce solutions for compliance and AML matters, which are tailored to the most diverse needs of clients.

Alberto Manfroi and his team are exceptional – one of their strengths is the attention and care lavished on the client, and the willingness to help.

Alberto Manfroi and Dino Abate have very deep knowledge and differ from others, due to their ability to find solutions to resolve both small and large concerns.

Toni Atrigna is an absolute star who has incredible knowledge of the regulations and the capacity to find legal/regulatory solutions to every business need.

Key clients

Banca del Sempione


Banor Sim


Etica SGR


Azimut direct


Cassa di Risparmio di Volterra


Nexi


Banca delle Marche


Reversal Sim


Geilamir


Endeka SGR


Natissa SGR


Work highlights


  • Assisted Switzerland’s Banca del Sempione with proceedings before the Italian National Supervisory Authority, as part of obtaining authorisation to operate in the territory under the freedom to provide services.
  • Advised Banor Sim, an Italian investment firm, on the implementation of ESG European and Italian rules.
  • Assisted Nexi Payments with compliance and AML issues, in relation to the issuing and management of credit and debit cards, and payment services.

CMS

The regulatory practice of CMS‘ Italy team comprises investment services, asset management, insurance, fintech and payment services. The group is led by financial services specialist Paolo Bonolis, who advises major domestic and international banks and financial institutions. Providing key support are public finance expert Domenico Gaudiello, the firm’s global head of alternative lending, and alternative investment team leader, Andrea Arcangeli. At counsel level, Domenico Musso‘s experience includes regulatory issues.


Practice head(s):

Paolo Bonolis


Other key lawyers:

Domenico Gaudiello; Andrea Arcangeli; Domenico Musso; Massimo Trentino


Testimonials

‘CMS’ strengths are its collaborative skills, quick replies and solid advice.’

‘Provides quick and professional answers.’

‘Flexibility, professional advice and tailored solutions.’

A very well-coordinated team for cross-border transactions and regulatory cross-border aspects.

Andrea Arcangeli is not only highly prepared, but always has a practical approach to problem solving.

Key clients

Commerzbank – Italian Branch


Aberdeen Standard Investments


Deutsche Bank


Aareal Bank


Legal & General Investment Management


Morgan Stanley


Binance Group


Worldline – Six Payment Services – Italian Branch


Maquarie


Monese


IM Global Partner


CMC Markets UK


81 Società di Consulenza Finanziaria Family Office


S A G Soluzioni Assicurative Globali


Nuveen Asset Management Europe


Takeaway


Barings


La Banque Postale


Beerfin (Heineken Group)


ICBC


Unipol


Illimity


Paypal


BNP Paribas


Work highlights


  • Advising Intesa Sanpaolo on the implementation of a complex cross-border project involving ten jurisdictions.
  • Advising a major crypto asset platform worldwide on the regulatory aspects associated with the onboarding and servicing of Italian crypto asset and crypto currency clients.
  • Advising a major bank on the regulatory aspects of the purchase of large-value US-originated loans.

Dentons

Part of Dentons‘ Italy banking and finance department, its financial services practice advises banks, insurers, asset managers, financial firms, pension funds and fintech companies on a wide range of regulatory matters. Leading the financial services team in Italy, Alessandro Engst is a specialist in financial institutions regulations, investment funds and derivatives. Alessandro Fosco Fagotto leads the Italy banking and finance practice, while Valerio Lemma and Lorenzo Toppini are key counsels.

Practice head(s):

Alessandro Engst; Alessandro Fosco Fagotto


Other key lawyers:

Valerio Lemma; Lorenzo Toppini


Testimonials

The team is very skilled and provides comprehensive advice.

A balanced group with appropriate seniority, and its use of technological tools helps relationships with clients, simplifying the exchanges.

Individuals who are very well known in the market and with solid reputations.

A very responsive and well-coordinated team.

Pragmatic in its negotiations with counterparties, and always available and willing to analyse the issues presented.

Alessandro Engst is very present and approachable.

Alessandro Engst and counsel Valerio Lemma are very knowledgeable about investment fund-related matters.

Counsel Lorenzo Toppini coordinates the day to day advice with competence, readiness and a pragmatic approach.

Key clients

Intesa Sanpaolo


Mediobanca


UniCredit


Banco BPM


REYL Innovative Banking


IBL Banca


Fidelity


DeA Capital SGR


Eurizon Capital SGR


Coima SGR


UnipolSai


Stewart Title


SACE


Fondo Pensione COMETA


Cassa Depositi e Prestiti


CONSAP


ENPACL


GLP


Fort Partners


Work highlights


  • Assisting Intesa Sanpaolo with a complex regulatory project involving the compliance of derivatives documentation and transactions with the Bank Recovery and Resolution Directive.
  • Assisting Fidelity with the regulatory and financial services aspects of its business activities in Italy.
  • Assisting UnipolSai with the regulatory assessment of its investments in financial products in a number of jurisdictions.

DLA Piper

The broad expertise of DLA Piper‘s financial services practice covers both domestic and cross-border banking and financial regulation work, including AML issues, derivatives, usury law, payment services, e-money and the crypto asset space. The practice of experienced financial and banking regulation specialist, Agostino Papa, covers compliance frameworks, product structuring and sanction proceedings, while Vincenzo La Malfa advises on derivatives and financial regulations. Nicoletta Alfano is an experienced legal director.

Practice head(s):

Agostino Papa


Other key lawyers:

Vincenzo La Malfa; Nicoletta Alfano; Valentina Villa


Testimonials

‘The practice has deep knowledge and is extremely reliable.’

‘A very extensive practice that is able to cover all areas.’

‘Vincenzo La Malfa is very proactive and able to understand the needs of clients.’

‘Vincenzo La Malfa delivers prompt advice on very complex matters.’

Key clients

Deutsche Bank Group


Alkemia Capital Partners SGR


Assicurazioni Generali


Azimut Libera Impresa


Banca Generali


Banca IFIS


Banca Sistema


Banco BPM


CDP Venture Capital SGR


Commerzbank AG Milan Branch


CREDEM Private Equity SGR


Finlombarda


MPS Capital Services Banca per le Imprese


Poste Vita


Aquila Capital Real Asset Investments


SUSI Partners


Quickbit eu AB


BlueBay Funds Management Company – Italian Branch


Natwest Markets


UBS Asset Management (UK)


Accenture


Zurich Group / Zurich Investments Life


Banca Nazionale del Lavoro


Banco BPM


Banco do Brasil


DeA Capital Alternative Funds SGR


Intesa Sanpaolo


KPMG Advisory


Banca PSA Italia


Pricewaterhouse Coopers Advisory


UniCredit Group


Banca Aletti& C


Banca Akros


Safened


BNP REIM SGR


ENPAP (Ente Nazione Previdenza ed Assistenza Psicologi)


Dojo (part of Zucchetti Group)


Fondazione Enasarco


Fondazione Monte dei Paschi di Siena


Cassa Forense


Inarcassa


Banca San Marino


Asset Management Company (AMCO)


Work highlights


  • Providing ongoing assistance to the Italian branch of Commerzbank, including in relation to its transparency obligations to clients.
  • Assisted Quickbit eu AB with the launch of virtual currency services in Italy.
  • Assisted Aquila Capital Real Assets Investment with a new part of a securitisation to finance receivables, though the issuance of ABS notes.

Gianni & Origoni

Gianni & Origoni‘s team advises on the regulation of financial services, banking, insurance, and pension and investment funds. It also assists with investment offerings on the primary and secondary markets, and listed issuers’ governance. Emanuele Grippo co-heads the financial markets department, while Paolo Bordi is an expert in the regulatory aspects of banking, financial and investment services, and insurance and asset management business. Marco Zaccagnini is the key London contact. Since publication, Claudia Colomba joined the firm.

Practice head(s):

Paolo Bordi; Emanuele Grippo; Marco Zaccagnini


Other key lawyers:

Claudia Colomba


Testimonials

A very famous firm with highly skilled professionals, especially in the field of wealth management.

Relying on the professionals of Gianni e Origoni is a guarantee when managing clients and financial intermediaries in many areas. Clients have relied on its services for years and the quality is always very high.

Special appreciation to Emanuele Grippo, a professional who is serious and competent. A real benchmark in the private banking industry.

Key clients

Advance SIM


AIPB


Allianz Bank Financial Advisors


Arcadia SGR


Arrow Global Group


Banco Santander Milan


BlackRock


Candriam Investors Group


Capital Dynamics SGR


Capital International Limited


Cerved Master Services


Cirdan Capital Management


Credit Suisse


DeA Capital


Eurizon Capital Real Asset SGR


Euroclear


Eurofactor Italia


Euronext SA


Fideuram


FinecoBank


GAM (Italia) SGR


Goldman Sachs


Grosvenor Capital Management


Itas Mutua


Lombard Odier


Neuberger Berman


Pirelli & C.


Robeco


Santander Consumer Bank


UniCredit


Wilmington Trust


Zurich Italy Bank


Work highlights


  • Assisting Zurich Group with the setting up of Zurich Italy Bank and obtaining authorisation from the Bank of Italy and the European Central Bank to carry out banking activity and provide investment services (among others).
  • Assisting AIPB – Italian Private Banking Association in its discussions with Consob, Bank of Italy and the Ministry of Economy and Finance, in relation to new legislative proposals for financial markets regulation.
  • Assisted BBPLC with respect to its Italian operations, further to the UK’s withdrawal from the EU.

Lener & Partners

Lener & Partners‘ practice covers a range of financial services regulatory matters, including contentious and restructuring work. Representative experience includes the establishment of banks, asset management companies, investment firms and insurance companies, along with financial intermediaries providing regulated services. Team head Raffaele Lener is a financial services regulation expert, while Grazia Bonante specialises in banking, financial services, insurance and international finance law. Sonia Locantore‘s practice also includes financial services issues.

Practice head(s):

Raffaele Lener


Other key lawyers:

Grazia Bonante; Sonia Locantore


Testimonials

‘The team is very knowledgeable and extremely professional.

Great competence and great attention to detail.

Professionals with enthusiasm, excellent preparation, excellent relations with institutions, and common sense.

Unlike very large firms, Lener & Partners’ strength is its size, not only in terms of its professionals, but also in terms of the humanity and time it dedicates to clients.

Always open to dialogue and confrontation – decisions are never taken without informing the client in a timely and thorough manner. A true team effort that is not to be taken for granted.

Preparation, timing, presence, continuous availability, and respect for clients’ needs.

Immediate understanding of clients’ needs, including those concerning recently-enacted regulations.

Raffaele Lener is a great adviser and it’s a pleasure working with him on challenging new projects.

Key clients

Cassa di Risparmio della Repubblica di San Marino


Banca del Fucino


illimity Bank


JP Morgan


London Stock Exchange Group


Borsa Italiana Group


Banca Carige


Intesa Sanpaolo


Euronext Group


Credit Suisse Italy


Work highlights


  • Advised Cassa di Risparmio della Repubblica di San Marino on the final stage of the execution of a debt restructuring agreement.
  • Advised illimity Bank on the establishment of a joint venture with Banca Sella, in relation to the development of a digital banking services platform.
  • Assisted Intesa Sanpaolo with court proceedings initiated by the Comune di Perugia to have four interest rate swaps declared invalid.

Osborne Clarke

Osborne Clarke‘s experienced Italy team is particularly experienced in financial services regulatory work involving fintech and crowdfunding, along with other novel financial products. It regularly advises challenger banks and financial services providers on the regulatory licences required to establish crowdfunding platforms, consumer credit matters, MiFID2 and AIFMD license applications, and liaising with Italy’s regulatory authorities. Sofia Caruso and Umberto Piattelli left the firm in September 2022.

Key clients

BLender Italia


Bluefield Partners


BrickUp


Diaman Partners


Edge Retreats


Framont & Partners Management


Health Italia


Ipermatch


Sierra Italy Agency


Smartika (Banca Sella Group)


Treatwell IT


WEX Europe Services


Work highlights


  • Assisting Maltese fintech company, Diaman Partners, on the regulatory aspects of the opening of a new branch in Italy.
  • Advising Sierra Italy Agency and Edge Retreats on various Italian financial services regulatory issues.
  • Advising Framont & Partners on the financial services regulatory aspects of the opening of a branch in Italy.

PedersoliGattai

Ensuring appropriate, efficient and timely solutions‘, PedersoliGattai’s financial regulations practice assists banks, investment firms, and asset management, insurance and fintech companies on regulatory matters. It also acts for undertakings for collective investment, payment institutions, electronic money institutions, credit brokers, and other financial intermediaries. Financial regulations department head, Andrea Calvi, has longstanding regulatory expertise, while senior associate Stefano Giavari advises on investment services, investment fund schemes and securities offerings.

Practice head(s):

Andrea Calvi


Other key lawyers:

Stefano Giavari


Testimonials

An excellent department with high levels of professionalism, expertise and client focus.

The professional competence of the bank regulatory team is superior to those of other law firms, thus ensuring appropriate, efficient and timely solutions.

Great for its people, availability, collaboration, and commitment to clients’ requirements.

Leverages its broad understanding of financial and technology regulatory issues to help a fintech companies, navigating the increasingly complicated fintech regulatory landscape in Italy.

Andrea Calvi offers an outstanding service, making it extremely easy for clients to follow his advice – he also provides very timely services.

Andrea Calvi produces solid results.

Andrea Calvi is attentive, has commercial acumen, and is able to provide advice and solutions that are commercially viable.

Andrea Calvi is a pragmatic lawyer with a strong background in Italian and European financial regulations. His advice always has practical implications that effectively help clients.

Key clients

Banca Generali


Alipay.com


Euroclear Bank


Banco BPM


Klarna Bank


Italia NFT


Itelyum Regeneration


Fondazione Social Venture Giordano Dell’Amore


Kyip Capital SGR


Davis & Morgan


Work highlights


  • Advised Banca Generali on implementing services that allow customers to purchase crypto assets through a home banking service.
  • Advised Klarna Bank on both Italian and EU legislation, in relation to consumer credit, banking transparency and lending activities.
  • Advised Italia NFT on the compliance aspects of a digital platform.

White & Case (Europe) LLP

Enjoying strong relationships with banking and financial sector entities, White & Case (Europe) LLP‘s ‘extremely efficient‘ bank regulatory practice covers corporate governance issues, shareholding structures, organisational models and outsourcing arrangements, along with capital requirements and other regulatory-driven deals. Italy financial services regulatory practice head Alessandro Zappasodi, and experienced associate Licia Mongiello, were recruited from Pedersoli Studio Legale during 2021, while financial regulatory associate Andrea Lamonica is a February 2022 arrival from Chiomenti.

Practice head(s):

Alessandro Zappasodi; Licia Mongiello; Andrea Lamonica


Testimonials

The team is extremely efficient in terms of competence, efficiency, ability to understand the questions asked (from a business-oriented perspective), and very quick in providing replies and producing the required documentation.

Dedicated and involved teams.

Excellent responsiveness and strong knowledge of the regulatory framework.

Key clients

Banca di Asti


BC Partners Credit


BFF Bank


Crédit Agricole Corporate & Investment Bank


Klarna


Intesa Sanpaolo


Snatt Logistica


Société Générale Group


Work highlights


  • Advised BC Partners Credit on structuring a syndicated acquisition finance loan, through Italian securitisation vehicle Agorà Finance and UniCredit (as co-lenders), to a company that is dedicated to holding equity stakes in industrial and real estate entities.
  • Advised BFF Bank on the issuance of subordinated notes, eligible as additional Tier 1 capital instruments, and the redemption of existing tier 2 capital instruments (through the exercise of a call option).
  • Advised SNATT Logistica (and certain affiliates) on the contribution of 20 logistics assets to an Italian real estate investment fund.

ADVANT Nctm

ADVANT Nctm‘s experienced banking and finance department regularly handles the regulatory aspects of complex fintech matters in the payments sector. It also has extensive expertise in regulatory compliance issues. Practice head Danilo Quattrocchi provides regulatory advice on banking, securities and investment services, as well as on asset management matters.

Practice head(s):

Danilo Quattrocchi


Other key lawyers:

Stefano Padovani; Giovanni Giuliani; Jacopo Pisani


Testimonials

Great communication and case/matter management.

Solid partner availability and engagement.

Key clients

Bank of China Italian Branch


Banca Popolare Alto Adige Volksbank


CashInvoice


Recrowd


Banca di Credito Peloritano


Banca IFIS


Covivio


Banca Finanziaria Internazionale


Open Capital Partners SGR


Work highlights


  • Assisting Cashinvoice with the regulatory aspects of the launch of a Buy Now Pay Later fintech platform (dedicated to the business-to-business segment in Italy).
  • Providing legal assistance to Recrowd in relation to the regulatory aspects of its lending crowdfunding portal.
  • Assisted Sorgente SGR (under Extraordinary Administration and under the control of the Supervisory Authority) with its sale as a going concern, including the management of its funds.

EY TAX & LAW ITALY

EY TAX & LAW ITALY‘s Milan practice is experienced in the regulatory aspects of corporate matters, acquisition finance transactions, corporate financing, and syndicated and real estate loans, including the ongoing fulfilment of regulated entities’ regulatory obligations. Regulatory expert Michele Odello was recruited as partner and practice head from Dentons during 2020.

Practice head(s):

Michele Odello


Other key lawyers:

Francesco Paolo Sasso


Key clients

Banca Sistema


Banca Monte dei Paschi di Siena


Banca Nazionale del Lavoro


Banca Patrimoni Sella


Bitpanda


BNP Paribas Leasing Solutions


BNP Paribas


Cassa di Risparmio Monte dei Paschi


Carrefour Bank


Caterpillar Financial Corporación Financiera


Consultinvest SIM


Deutsche Leasing Italia


Fondo Pensione Monte dei Paschi


Groupama Asset Management


Impact SGR


Natixis Investment Managers


ING Bank – succursale italiana


Oney Bank


Oxy Capital


Pitagora


Work highlights


  • Assisted Carrefour Banque with the regulatory aspects surrounding the sale of a credit agreement portfolio.
  • Assisted ING Bank – succursale italiana with the regulatory aspects surrounding the purchase of several portfolios of tax credits provided by the Italian Government.
  • Assisted Banca Monte dei Paschi di Siena with the regulatory aspects surrounding the acquisition of tax credits provided by the Italian Government.

GIM Legal

GIM Legal is particularly active in relation to financial services, and investment and real estate investment funds. Former CONSOB regulator Luigi Rizzi is an investment funds regulation expert, while fellow founding partner Sergio Beretta is experienced in internal and management control systems. The firm recently launched an office in London.

Practice head(s):

Luigi Rizzi


Other key lawyers:

Sergio Beretta; Marco Corica; Manuela Rasori


Testimonials

‘A great boutique for service, legal and otherwise.’

‘Appreciated for the team’s personal and professional qualities, which is brilliantly led by Luigi Rizzi.’

Key clients

A M U Investments SIM


Castello SGR


Banca Promos


Dea Capital SGR


Groupama SGR


IAM Capital


Illiquidx


Invesco Group


Invicta Securities


P&G SGR


Migliora


Pairstech Capital Management


Assiteca SIM


Work highlights


Lexia Avvocati

Lexia Avvocati‘s regulatory expertise covers fintech, open banking, decentralised finance, blockchain, crypto assets and alternative investments. The practice is jointly led by Angelo Messore, a 2021 recruit from White & Case (Europe) LLP and expert in the regulation of banking, financial, insurance, investment and payment services, alongside founding partner Francesco Dagnino.

Practice head(s):

Angelo Messore; Francesco Dagnino


Testimonials

Lexia is well-equipped with all the professional components to meet clients’ legal and tax needs.

Clients express an excellent degree of satisfaction with the team.

Lexia’s team is super prepared, and able to lead clients to the most effective legal solution.

The team is remarkable because of the accuracy of the information provided to clients.

Proactive and takes care of clients’ needs.

Able to manage clients activities remotely through good technological tools that allow excellent interaction with the client.

Angelo Messore and his team have shown solid knowledge and awareness of insurance issues, resolving questions that are often confused by the recent legislation issued by the Institute for the Supervision of Insurance.

Francesco Dagnino is very knowledgeable and responsive – great for complex regulatory issues.

Work highlights


  • Assisted Bitpanda Pro Europe with the setting up of a pan-European platform, dedicated to the trading of cryptocurrencies and crypto assets.
  • Assisted Vivid Digital on the setting up of its Italian business operations.
  • Assisted Sienna Investment Managers and RollingFunds with the launch of an Italian platform offering lending solutions to SMEs through a France-established alternative investment fund.

Molinari Agostinelli

Molinari Agostinelli‘s financial services practice covers asset management and banking regulations, joint ventures and distribution partnerships. It also advises on product launches and contracts, along with organisational models. Nicolò Juvara routinely assists with insurance and financial services matters, while Paolo Barbanti Silva and Daniela Runggaldier are experienced senior counsels.

Practice head(s):

Nicolo’ Juvara


Other key lawyers:

Paolo Barbanti Silva; Daniela Runggaldier


Testimonials

‘Nicolò Juvara and senior counsel Daniela Runggaldier are very quick to respond with complete answers.’

‘Nicolò Juvara and Daniela Runggaldier are really business oriented and smart in their legal knowledge. This is still what clients expect from a lawyer’s advice.’

Key clients

UniCredit


Compass Banca – Mediobanca Group


Banco di Desio e della Brianza


Agos Ducato


Sace BT


Société Générale Securities Services


BPER


Banca Valsabbina


HSBC


ING Bank – Milan Branch


Crédit Agricole Group


Admiral Financial Services Italia


Capza


King Street


Noosa Innovation


Work highlights


  • Assisted ING Bank (Milan Branch) on structuring and implementing a project for the paperless distribution of insurance products through internet banking and other platforms.
  • Advising Noosa Innovation on a cross-border factoring project involving the purchase of portfolios of receivables.
  • Advised Societe Generale Securities Services on negotiations with Unicredit regarding the payment of a tax credit.

Studio Legale Cappelli RCCD

Studio Legale Cappelli RCCD‘s team advises domestic and international financial institutions on banking, insurance and financial regulation, along with compliance issues. Silvio Riolo and Michele Crisostomo act on regulatory matters, while Federico Morelli is on hand for capital markets work. Regulatory expert Gabriele Buratti joined in October 2021 from Chiomenti.

Practice head(s):

Silvio Riolo; Gabriele Buratti; Michele Crisostomo; Federico Morelli


Other key lawyers:

Alessandra Davoli


Testimonials

Extremely competent lawyers, who are able to read facts, deals and negotiations from different perspectives.

Ability to provide excellent advice during negotiations and alternative views on single issues.

The firm showed the utmost availability, responding well to urgent matters and with extreme care for the client’s needs.

Always punctual and responds to the client’s satisfaction.

Key clients

Mediobanca


Unicredit


Hines Italy RE


Cassa Depositi e Prestiti


Nextalia SGR


Fondo Italiano Investimenti SGR


Blue SGR


Mediocredito Centrale


Illimity


Poste Italiane


Poste Vita


Assicurazioni Generali


Eurovita


ITAS Mutua


Work highlights


  • Assisted AMCO with the second phase of a project involving the setting up of a platform for the management of loans classified as unlikely to pay.
  • Assisted UniCredit with the aborted acquisition of MPS Bank, which included an analysis of regulatory and state aid issues.
  • Assisted Mediobanca with a process carried out by Deutsche Bank, in relation to a potential transaction concerning a going concern operated by Deutsche Bank.