Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
Welcome to the weekly Financial Services highlights from the Financial Services team for the week ending 31 August 2017.
The Financial Markets Law Committee (FMLC) evaluated issues of legal uncertainty with regards to cross-border insolvency proceedings, which may follow Brexit. They have identified a plethora of issues that may still occur, despite the government’s plan to implement the European Union (Withdrawal) Bill, if no agreement is made between the EU and the UK. The FMLC is particularly concerned about the financial markets, due to loss of the mutual and reciprocal recognition provisions written into the Recast EU Insolvency Regulation (EU) 2015/848, which cannot be resolved by means of a wide-ranging reception statute. The paper looks at issues with restructuring tools, such as schemes of arrangement or related financial services measures, for example the Settlement Finality Directive 98/26/EC and the Financial Collateral Arrangements Directive 2002/47/EC.
A member of the executive board of the Deutsche Bundesbank, Dr Andreas Dombret, delivered a speech examining different approaches to dealing with struggling banks in the euro area, and asking ‘does European banking union actually work?’ Dr Dombret looked at the work of the single supervisory mechanism (SSM), the role of the single resolution mechanism (SRM) and national insolvency regimes, and the current state of affairs in the European banking sector in the context of the banking union. The speech examines the actions taken in relation to Banco Popular Español, Banca Monte dei Paschi di Siena and two Venetian banks liquidated in June 2017.
The European Central Bank (ECB) fined Permanent tsb Group
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234