Empty Link Skip to Content

Financial Institutions

Key Contacts view all
FinancialInstitutions_banner_575x375px

Expertise

Matheson’s "outstanding" team is "dedicated and efficient", and "certainly one of the best".
European Legal 500

Financial institutions are operating in a dynamic and rapidly changing environment. As a consequence of the global financial crisis and more recently Brexit and the Covid-19 pandemic, governments and regulators have become much more proactive with a view to improving oversight, regulation and protection of the consumer. As a consequence, the regulatory landscape has fundamentally changed and operations, structure and location of regulated businesses are continuously being adapted in response to these developments.

At Matheson we believe that your professional advisers should give you a commercial advantage in dealing with these changes. We have worked extensively over many years with a broad range of the largest financial institutions, including leading domestic firms and “brand name” multinationals including banks, insurers, investment services as well as Fintech and payment firms.

We continually look to use the breadth and depth of our experience to benefit our clients. In our view, dedicated teams with extensive industry sector knowledge offer the best value for clients.

Our Financial Institutions Group unites lawyers with extensive industry experience, corporate transactional experience and regulatory knowledge who are solely focused on financial institutions.

The key areas of our practice can be broadly summarised as follows:

Central to the success of our team is our excellent relationship with the Central Bank of Ireland.

Thought leadership

Thought leadership is particularly important to the Financial Institutions Group as we believe it is as important to shape public policy as it is to advise on it. We regularly make formal and informal submissions to the Central Bank, Department of Finance and other State bodies. Group members regularly write, speak and organise seminars/webinars on topics that are important to our clients. We consistently update our clients on developments in the area of financial services through our much praised FIG Forum. To subscribe, please click here. 

Collaboration

At Matheson the financial services sector is the largest single sector of our practice. The Financial Institutions Group works with many of Matheson’s market leading teams including teams in Finance and Capital Markets, Asset Management and Investment Funds, Aviation Finance and Transportation, Structured Finance and Securitisation, Tax, Restructuring and Insolvency and Financial Services Litigation.

 

Our Team

Brexit – Is Equivalence a Solution for Financial Services?

Oct 9, 2020, 12:10 PM
As part of Matheson’s thought leadership on Brexit, partners from across our financial services teams have come together to produce an in-depth paper on how the existing EU equivalence framework operates - and whether or not it offers a solution to the many challenges for financial services arising from the UK’s withdrawal from the EU.
Title : Brexit – Is Equivalence a Solution for Financial Services?
Filter services i ds : 6689164d-89a1-40d0-b738-ce7229cafcf2;
Engagement Time : 6
Insight Type : Article
Insight Date : Oct 9, 2020, 12:10 PM

Alongside the continuing challenges of COVID-19 for businesses and communities globally, Brexit has returned prominently to the headlines in recent weeks as the deadline for agreeing a trade deal draws closer.

With the chief negotiators continuing to report little progress on the key issues in the negotiations, it appears increasingly likely that there will be no agreement in respect of financial services by the end of this year.  In the absence of any form of agreement, reliance may sought to be placed on the existing EU equivalence framework in seeking to minimise disruption to EU-UK trade in financial services.

In this context, as part of Matheson’s thought leadership on Brexit, partners from across our financial services teams have come together to produce an  in-depth paper on how the existing EU equivalence framework operates - and whether or not it offers a solution to the many challenges for financial services arising from the UK’s withdrawal from the EU.  Our partners have also created individual papers summarising the expected legal impacts arising from no agreement on financial services being reached by year-end for each of the areas of: investment funds, insurance, derivatives clearing, banking, MiFID firms, fintech and payments; together with an analysis of equivalence as a viable or relevant mechanism in each case.

Whilst the best outcome for all businesses continues to be for a deal to be reached, the risk of a no-deal Brexit on 1 January 2021 remains high and, consistent with our previously expressed view, preparation for this scenario is advised.

If you would like to discuss or review your current Brexit plans, or indeed to follow up on any of the matters discussed in our paper, please get in touch with partners Liam FlynnChristian DonaghAnne-Marie BohanDarren MaherJoe BeashelTara Doyle or your usual Matheson contact.

You can access Matheson’s  Brexit Forum to stay up to date with our Brexit content and insights.

Brexit  - Is Equivalence a Solution
Co Authors
Services :
Related Insights