Financial and commercial entities that interface with market infrastructure can encounter an array of risks to assess, often relating to regulatory, commercial, credit and data/confidentiality issues. Market infrastructure and financial utilities providers can face regulatory and design issues around the development, offering and expansion of their services. As in other markets after the financial crisis of 2008/2009, such entities like yours became subject to increased regulatory oversight, both within local jurisdictions and internationally. Increasingly this regulatory focus is coordinated across multiple jurisdictions and commands a coordinated multi-jurisdictional, legal response. We are the lawyers who can provide that steady assistance.
The infrastructure elements on which financial markets rely include exchanges and trading platforms; clearing houses and agencies; central securities depositories; payment and settlement systems; compression, reconciliation and trade processing facilities; reporting mechanisms and trade repositories; transparency platforms; price reporters and benchmark administrators; software service providers; and market data vendors. These elements have all been the subject of a raft of post-crisis regulatory developments that are changing how we view the financial markets – from mandatory clearing and reporting rules in the OTC derivatives world, to the development of new regimes for exchange and clearing house services, to the imposition of position limits and position-reporting requirements.
Our team can provide you with sophisticated and informed regulatory services, whether you are a user or provider of market infrastructure. We have a wide range of market infrastructure providers among our clients, acting for exchanges, clearing houses, and trade repositories, as well as banks, investment banks, traders and portfolio managers that use their services – so we know that we can live up to your expectations and meet your needs.