Restructuring Banking And Fiduciary Groups (June 2016)

BACKGROUND

Changes to the international economic, regulatory and commercial landscape are prompting many financial institutions to review their operations and product lines and, where appropriate, consider strategic restructuring initiatives.

This is of particular relevance within the UK and Crown Dependencies financial services market with a number of institutions having already changed their local operations and more likely to do so to accommodate ring-fencing requirements. Brexit may also be at the forefront of stakeholders' minds. 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;