A look to the future with Jeffrey Golden of P.R.I.M.E. Finance and Emma Giddings of Norton Rose Fulbright

A look to the future with Jeffrey Golden of P.R.I.M.E. Finance and Emma Giddings of Norton Rose Fulbright

We spoke with Professor Jeffrey Golden and Emma Giddings about interesting recent and forthcoming cases in the banking and finance world and asked them for their views on likely developments in the banking and finance sector over the next 12 months.

How do you see the sector developing in the next 12 months?

Professor Jeffrey Golden (JG): My focus is really more specialised these days, and I am most interested in developments relating to dispute settlement in the financial markets, an area which I think has been too neglected for too long. For example, we have dedicated huge amounts of time and other resources to the reform of financial market regulation, and compliance with the same, for a very long period now. All this is important, but it is in the nature of 'preventive medicine'. By analogy, courts and arbitration tribunals are our 'hospitals'. Yet the issue of how best to ensure that these are adequately resourced and equipped too often gets short shrift. For a number of us, that seems a dangerous mistake, and the specialist panel that PRIME Finance represents (more than 100 market and legal experts with more than 3,000 years of relevant experience), committed as it is to enhancing the effectiveness of dispute settlement for complex product cases and other financial market disputes, reflects an innovative response and an effort to redress that balance.

Emma Giddings (EG): There is a vast amount of new regulation in the banking sector in the aftermath of the financial crisis--notably EU and US legislation. We will continue to see the impact of banking reform and recovery and resolution, benchmark reform, the continuing application and development of Basel III (CRD IV and CRR), derivatives reforms and restrictions on proprietary trading. Other interesting developments include the increased regulatory scrutiny of the shadow banking sector. These issues are truly global in scope so we coordinate with colleagues in our offices around the world

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About the author:

Meet Neil:

1. Banking and finance lawyer with particular experience in asset finance

2. Likes Wales, wine, sport and anything else that means he doesn’t have the time to have to write personal information about himself

3. Thinks the law is a far broader topic than any of his family and friends who do not work in law

Neil specialises in banking and asset finance transactions with a particular emphasis in finance for shipping, aviation and renewable energy, as well as providing corporate transactional support. He trained and qualified at TLT LLP and spent a further four years working as a finance solicitor, acting for borrowers and lenders before joining the Asset Finance team at DLA Piper (UK) LLP.