On November 23, 2016, the EU Commission published draft legislative proposals to amend a suite of EU prudential legislation, including the Fourth Capital Requirements Directive, to require that certain non-EU banks establish an EU intermediate holding company. This proposed requirement has been widely criticized in the United Kingdom and United States, with many alleging that the proposal is merely a retaliation against similar US measures. In addition, it could have significant implications for financial services firms with operations in the European Union.
In this talk we will examine:
- The scope of the EU intermediate holding company regime
- A comparison with the US intermediate holding company regime
- The implications for firms with operations in the United Kingdom and European Union, particularly in light of the United Kingdom’s impending departure from the European Union
Please join Mayer Brown partners Mark Compton and David Sahr as they discuss this development.
Instructions for accessing the program will be sent prior to the event.
For additional information, please contact GFMI@mayerbrown.com.
Mayer Brown’s Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm’s global resources from multiple practices and offices, the initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.
5:00 p.m. – 5:30 p.m. CET
4:00 p.m. – 4:30 p.m. GMT
11:00 a.m. – 11:30 a.m. EST
10:00 a.m. – 10:30 a.m. CST
9:00 a.m. – 9:30 a.m. MST
8:00 a.m. – 8:30 a.m. PST