The financial crisis has resulted in unprecedented financial services regulatory activity across the globe.
Policy responses range from enactment and implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), the most comprehensive revision of the U.S. legal and regulatory framework governing the financial services industry since the Great Depression, to pursuit of a Capital Markets Union in Europe, with similar efforts underway in the Asia-Pacific region. Moreover, these crises have enhanced the stature of international regulatory bodies and has even resulted in the establishment of new ones, such as the Financial Stability Board. Consequently, there is extensive consultation and coordination between U.S. and international regulators. Despite this increased intergovernmental dialogue, however, policymakers in the United States, Europe, and Asia-Pacific are taking different, sometimes conflicting, approaches to financial services regulation.
Based in major financial and political centers, our financial services policy practice represents clients on cutting-edge financial regulatory reform issues, often in one or more jurisdictions. Combining one of the largest and most experienced financial services practice groups with the policy and regulatory know-how of the largest firm public policy practice in the U.S., with the capabilities of a truly integrated global law firm, the firm is uniquely positioned to advise on and impact legislative and regulatory changes to the benefit of our clients.
The financial services policy practice is able to provide unrivaled services and insights on continuing implementation and rulemaking under the Dodd-Frank Act, Congressional oversight, and international regulatory reform and harmonization efforts. With financial services regulation taking an increasingly international dimension, we are well-positioned to advocate for our clients before domestic and foreign regulators and legislative bodies. Our lawyers and professionals from multiple practice areas around the globe offer a full spectrum of services relating to financial and capital markets issues, including public policy, derivatives, commodities futures, depository institutions, broker-dealers, securities trading, securitization, hedge funds, insurance, annuities, investment banking, investment management, mortgage banking, cybersecurity, and consumer finance.
In an increasingly competitive and dynamic marketplace in which the rules are changing, a multifaceted strategy is an integral part of many business plans. An effective strategy seamlessly integrates legislative, regulatory, and litigation components. We solve clients’ most difficult problems by understanding policy issues from every direction—substantively and politically—and navigating the halls of governmental decision makers to ensure that the interests of our clients are effectively represented where and when it most matters.
We work regularly with the key Congressional committees and leadership, as well as the Consumer Financial Protection Bureau, Commodity Futures Trading Commission, Departments of Treasury and Labor, Federal Deposit Insurance Corporation, Financial Industry Regulatory Authority, Federal Housing Finance Agency, Federal Reserve Board, Financial Stability Oversight Counsel, Department of Housing and Urban Development , Federal Housing Administration, Office of the Comptroller of the Currency, Securities and Exchange Commission, and the White House. Our team has extensive experience in challenging agency actions and regulations in the courts. Additionally, we provide substantive and strategic counsel with regard to proposals from the European Commission, the Council of the European Union, the European Parliament, as well as Basel Committee on Banking Supervision, Euro Banking Association, Financial Stability Board, European Securities and Markets Authority, European Insurance and Occupational Pensions Authority, International Association of Insurance Supervisors, and International Organization of Securities Commissions.
With new proposals, regulations, and laws coming from every direction, our Regulatory Action Detection and Response (R.A.D.A.R.) keeps our clients up-to-date by providing a comprehensive guide on financial regulatory developments in the United States, Europe, and major international regulators.
Whether clients simply require insight and understanding, or seek to proactively influence proposed legislation, regulatory changes, or agency interpretations, the firm has the reputation and know-how to help our clients achieve their objectives.