News & Analysis as of

Banking Sector France

BCLP

Navigating Legal Challenges In French Civil Fraud Cases: An In-depth Analysis

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In recent years, banking fraud in France has surged, driven by advanced technology and the integration of payment methods and mobile banking. We do a deep dive into the legislation to help our clients stay informed and...more

Hogan Lovells

Engage Finance Newsletter N°26, Mai 2024 – France

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Extension de procédure collective en raison d'un compte courant d'associé débiteur Cass. Com., 13 septembre 2023, n°21- 21.693 Par un arrêt en date du 13 septembre 2023, la chambre commerciale de la Cour de cassation a rendu...more

White & Case LLP

NPL market dynamics are changing, possibly for good

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What does the future hold for NPLs? There's still plenty of business to be done, but buyers and sellers alike will need to change tack to get the most from the available opportunities....more

Jones Day

French Financial Legal Committee Report Reflects on Climate Change Liability

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On July 19, 2020, the Legal High Committee for Financial Markets of Paris ("HCJP") issued a report on social and environmental responsibility of companies and their managers under French law. This report was initiated based...more

White & Case LLP

The French and New York Financial Regulators Partner to Boost Cross-Border Fintech Cooperation

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The New York Department of Financial Services ("NYDFS") and the French Autorité de Contrôle Prudentiel et de Résolution ("ACPR") signed a Memorandum of Understanding ("MOU") to position New York and France as innovation hubs...more

Jones Day

Facilitating Transatlantic Fintech Innovation and Cooperation: The New MOU Between the NYSDFS and the French ACPR

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The Situation: From both sides of the Atlantic, United States and French financial authorities are keen to facilitate technology innovations in the financial sector. Beyond having set up dedicated teams to focus on the...more

White & Case LLP

The French Competition Authority launches a public consultation on the competitive situation of payment activities as part of its...

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The French Competition Authority launched its own initiative in early 2020, a sector study focusing on new technology applied to financial activity, particularly in the payments sector which has experienced major developments...more

White & Case LLP

Ten years on: The surprising resilience of European leveraged finance: The market pauses for breath in 2018

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• In Europe, leveraged loan issuance is down 28 per cent year-on-year to €202.5 billion in 2018, but is up on all years between 2014 and 2016 • High yield bond issuance is down 37 per cent year-on-year • Leveraged loans...more

Jones Day

AFG Supports New ISDA French Law Documentation

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The endorsement of Europe's largest asset management association should promote use of the new 2002 ISDA Master Agreement (French law) on the European OTC derivatives market....more

Morgan Lewis

French Government Aims to Attract Foreign Banks for Investment

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In anticipation of the reorganization of post-Brexit Europe, France is seeking to adapt its legal system to attract foreign banks by providing them greater flexibility. ...more

Jones Day

HCJP's Synopsis on the Potential Impact of "Hard" Brexit

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The Situation: The Legal High Committee for Financial Markets of Paris ("HCJP") recently published a synopsis of its three Brexit reports on contracts continuity. The Result: In the event of the United Kingdom crashing out...more

A&O Shearman

EU Court Annuls European Central Bank Leverage Ratio Decisions for Six Banks

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The General Court of the European Union has annulled decisions of the European Central Bank, refusing to allow six French banks to exclude from the calculation of the leverage ratio certain exposures connected to French...more

Kramer Levin Naftalis & Frankel LLP

White Collar Crime Alert -The French Prosecutor Office has Entered into the First French DPAs for Corruption Charges

On Feb. 23, 2018, a couple of months after the first French DPA (“CJIP - convention judiciaire d’intérêt public”) in history was entered into between the French prosecutor office and HSBC Private Bank Suisse in relation to...more

Kramer Levin Naftalis & Frankel LLP

The French Prosecutor Office Has Entered Into the First French DPA in History With HSBC Private Bank Suisse

On Nov. 14, 2017, six months after the so-called Sapin II law1 entered into force in France, the president of the Paris Tribunal de grande instance approved the first French deferred prosecution agreement (DPA or CJIP...more

Hogan Lovells

French Legal and Regulatory Update – October 2017

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The Paris office of Hogan Lovells is pleased to provide this English language edition of our monthly e-newsletter, which offers a legal and regulatory update covering France and Europe for October 2017. ...more

Latham & Watkins LLP

France Amends Banking Monopoly Rules to Facilitate Syndications

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Ordinance allows certain types of foreign entities to purchase outstanding loans from French-regulated entities. The French government has issued an ordinance that aims to improve the legal framework for French...more

Jones Day

Relaxation of the French Banking Monopoly—A Major Milestone Reached

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The Situation: On October 4, 2017, ordinance no 2017-1432, which addresses the modernization of the legal regime of assets management and financing debt, was published. The Result: The reform introduces four new exceptions...more

Moore & Van Allen PLLC

Anti-Money Laundering and Bank Secrecy Act Update

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After the Panama Papers exposed efforts by wealthy individuals and government officials to hide funds offshore, government authorities around the world have responded with new legislation, regulations and enforcement actions...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

France Welcomes Foreign and Alternative Capital Providers with Latest Reform of Finance Sector - Long a cornerstone of the French banking system, the "French banking monopoly" largely prevents non-bank entities from...more

Orrick, Herrington & Sutcliffe LLP

France Welcomes Foreign and Alternative Capital Providers with Latest Reform of Finance Sector

Long a cornerstone of the French banking system, the "French banking monopoly" largely prevents non-bank entities from lending money to French borrowers. Although French funds have been used as vehicles by alternative capital...more

Kramer Levin Naftalis & Frankel LLP

Banking, Finance and Insurance Letter - Mai-Juin 2017

Publication du règlement dit « Prospectus » abrogeant la directive Prospectus - Le 30 juin 2017 a été publié au Journal officiel de l’UE le règlement n° 2017/1129 du 14 juin 2017 concernant le prospectus à publier en cas...more

Hogan Lovells

French Legal and Regulatory Update - May 2017

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The Paris office of Hogan Lovells is pleased to provide this English language edition of our monthly e-newsletter, which offers a legal and regulatory update covering France and Europe for May 2017. ...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Local-TV powerhouse Sinclair Broadcast Group isn’t all that well known outside of the Baltimore area, but it’s making a big play for the national stage as it nears a deal to buy Tribune Media—the former “Tribune empire’s...more

Kramer Levin Naftalis & Frankel LLP

KL Snapshot #13 – Mars-Avril 2017

Jean-Pierre Mattout - La révocation du président pour différend stratégique avec l’actionnaire majoritaire, in Revue des sociétés avril 2017 - Gilles Kolifrath, Jérôme Blanchet, Mélanie Goupy & Galina Petrova -...more

Kramer Levin Naftalis & Frankel LLP

Banking, Finance & Insurance Letter - Mars-Avril 2017

Portées des Q&A des AES - Le 21 mars 2017 la Commission Européen a lancé une consultation intitulée « Operations of the European Supervisory Authorities ». ...more

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