The following represents a carefully curated selection of our recent Thought Leadership contributions:

Global Financial Markets Regulatory Review

Dentons is pleased to present the October 2018 edition of the Global Financial Markets Regulatory Review. This regularly published report provides key financial markets regulatory developments as well as other legal developments related to financial markets around the world. Reported items include proposed legislation, rule changes, disciplinary actions, litigation, and other news.

ECB-SSM’s final Supervisory Guide to “On-site Inspections and Internal Model Investigations:” What now?

In September 2018, the European Central Bank (ECB), acting in its capacity as the lead of the Single Supervisory Mechanism’s (SSM) pillar in the Eurozone’s Banking Union, published the final version of the Supervisory Guide to “On-site Inspections and Internal Model Investigations” (the OSIIM Guide). The OSIIM Guide sets strict supervisory expectations of Banking Union Supervised Institutions (BUSIs) and thus very much reads like rules with which BUSIs will need to comply. This Client Alert follows our previous coverage on the draft version2 of the OSIIM Guide.

What the European Securities and Markets Authority’s (ESMA) extension to product intervention measures and its “Summer Findings” means for providers and participants

On August 24, 2018, ESMA announced,1 in its first use of this power, an extension of the existing ban from October 2, 2018 for binary options for those products it has not exempted from the further extension. A corresponding extension to the CFD ban applies from November 1. The impact of these extended bans and the possible rationale in the Summer Findings and any further policy developments are explored in this Client Alert.

Relocating financial services operations due to Brexit?

This Background Briefing collates recent Eurozone Hub coverage on the EU’s supervisory principles on relocations (SPoRs) that have a breadth and depth of impact on a variety of financial market participants relocating to the EU but also to those already on the ground in the EU or looking to expand operations in third countries.

Financial Dispute Resolution in a Post-Brexit World

Resolving disputes efficiently and with sufficient certainty is of paramount importance in financial services. With BREXIT raising a number of complications on documentation but more importantly on enforcing English judgments across the EU-27, our regulatory and dispute resolution experts provide an overview in this Background Briefing of some of the alternative options and venues are that are available to market participants.