Restructuring Banking And Fiduciary Groups

Changes to the international regulatory and commercial landscape have prompted many financial institutions to review their operations and product lines and, where appropriate, consider restructuring initiatives to minimise the impact of those changes. This has been of particular relevance within the Jersey financial services market with a number of institutions changing their local operations.

Whilst each institution has a unique suite of issues, there tend to be common objectives which include:

• Simplifying group structures by merging and/or consolidating vehicles and regulatory licences;
• Satisfying revised capital adequacy and solvency requirements;
• De-risking by effecting disposals of non-core business, clients or portfolios;