Spain
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Financial services regulatory

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Clifford Chance

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Clifford Chance‘s financial regulation practice in Spain is structured around six key verticals: banking, payments and lending; securities, investment services and market infrastructures; asset management; derivatives; fintech; and ESG issues. The firm is a popular choice for lenders, payment institutions, regulated entities, asset managers, insurance companies, fintech businesses, and multinationals, offering comprehensive support across the full spectrum of financial services regulation. The practice is led by José Manuel Cuenca, an expert in securities law, derivatives, and banking regulation, while María Luisa Alonso is a standout name for general banking and financial services regulatory matters.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The technical capabilities of the financial services regulation team are unique. The depth of their knowledge is superior to that of their competitors.'

  • ‘The availability of their lawyers and the provision of different alternatives differentiate them from their competition.'

  • ‘The team is close and highly specialised and is quite knowledgeable about all the financial regulatory developments.'

  • ‘Partner José Manuel Cuenca is a well-known person in the sector and knows the financial market very well, both Spanish and international. Associate Angel Muñoz always provides the requested services on time. Both are very friendly and respond quickly to any questions that may arise.'

  • ‘Senior associates and counsel with extensive knowledge and experience in the sector, availability and immediate response. Personal treatment.'

  • ‘Specialised and personalised advice on a highly technical subject. The Clifford Chance team knows how to communicate highly complex issues in a simple and approachable way. This is essential for the client to make decisions. They know our way of negotiating well, so they provide value whenever we need it. The learning curve is essential. Highlighting Ángel Muñoz.'

  • ‘This area of ​​Clifford Chance has the ability to combine the different perspectives at play in the financial markets. They have a global vision thanks to their work advising various players, located at different points in the market (buy- and sell-side, intermediaries, authorities, infrastructures).'

Key clients

  • Banco Santander
  • Carrefour Group
  • Citigroup
  • BBVA
  • Key Capital Partner, Agencia de Valores, S.A.
  • CaixaBank
  • J.P. Morgan
  • LCH
  • Bolsas y Mercados Españoles (BME)
  • Cecabank

Work highlights

Advising Servicios Financieros Carrefour (the financial arm of Carrefour Spain) on all regulatory matters of its business; i.e., prudential and conduct of business rules, as well as in relation to the launch of new products/services.
Advising Telefónica on the application of the Benchmark Regulations and the transition to Risk Free Rates in their facility agreements (bilateral and syndicated).
Advising JP Morgan SE and BNP Paribas as to matters of English law, Spanish law and Dutch law on the standalone issuance by Atradius Crédito y Caución S.A. de Seguros y Reaseguros of EUR 300 million 5.000 per cent. Fixed Rate Subordinated Notes due 17 April 2034, as well as the Dealer Managers on the offer to purchase for cash by Atradius Finance B.V. of EUR 250 million Fixed to Floating Rate Guaranteed Subordinated Notes due 2044 issued by Atradius Finance B.V. and guaranteed by Atradius N.V.

Practice head

José Manuel Cuenca

Other key lawyers

María Luisa Alonso; Leonardo Fernández; Ángel Muñoz