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Financial Institutions

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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

Irish Temporary Run-off Regime for UK/Gibraltar authorised insurers and insurance intermediaries post Brexit

Jan 6, 2021, 15:43 PM
On 1 January 2021 the Central Bank of Ireland launched a dedicated webpage on the operation of the Temporary Run off Regime (“TRR”) for Insurers and Insurance Intermediaries.
Title : Irish Temporary Run-off Regime for UK/Gibraltar authorised insurers and insurance intermediaries post Brexit
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Insight Type : Article
Insight Date : Jan 6, 2021, 15:42 PM

On 1 January 2021 the Central Bank of Ireland launched a dedicated webpage on the operation of the Temporary Run off Regime (“TRR”) for Insurers and Insurance Intermediaries.

The TRR took effect from 23.00 on the 31 December 2020, when the UK’s transition period officially ended and Part 10 of the Brexit Omnibus 2020 Act commenced. Where a UK/Gibraltar firm has not put specific contingency plans in place in respect of its Irish based policyholders, it can rely on the TRR which allows existing policies to continue to be serviced after 31 December 2020, subject to certain requirements.

Read the full article here.

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