Matheson


Practice Areas

Regulatory Risk Management and Compliance

Regulatory Risk Management and Compliance

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The Banking and Financial Services Department at Matheson advises Irish and international banks and financial services companies on regulatory matters ranging from the regulatory aspects of the transfer of a banking business to data protection and dealings with the Central Bank of Ireland.
 
In 2004, the firm established a dedicated Regulatory Risk Management and Compliance Group (one of the first in an Irish law firm) in response to an increased demand from clients for advice and assistance on matters relating to risk management and compliance. Our Regulatory Risk Management and Compliance Group recognises the increasingly important role played by regulation and compliance in financial matters and emulates best practice in other major financial centres. We know that getting compliance matters right can be a source of  strategic advantage and work with our clients to assist in these matters. We have a proven track record in a broad range of regulatory matters, both advisory and contentious. Our involvement in the development and implementation of Irish legislation ensures that we are ideally placed to provide advice on all matters concerning the Irish regulatory system. Formerly the Managing Director of a leading international Financial Services Centre Administration company, Joe Beashel is the partner heading up this practice.

Services include:

  • Assisting clients with the authorisation of new entities by the Central Bank of Ireland including banks, MiFID firms, fund services providers, payment institutions, retail credit firms and others as well as assisting in the expansion of the regulatory authorisations of existing entities.
  • Providing practical advice and assistance to boards of directors, senior management, in-house counsel and compliance officers in relation to the impact of new regulations.
  • Assisting clients in the effective and timely implementation of changes required by regulatory developments and we work to provide a robust assurance that implementation projects meet all legal and regulatory requirements.
  • Providing practical and strategically minded advice and assistance when regulatory issues arise. In particular assisting clients in assessing the legal and regulatory impact of regulatory issues as they arise and helping to develop remediation plans in order to fully address such issues.
  • Where the Central Bank initiates its administrative sanctions process we work with clients to minimise the impact of any sanction imposed.
  • Helping clients who are dealing with complaints to the Financial Services Ombudsman to ensure the most favourable outcome possible.
  • Conducting reviews of existing processes and procedures on an impartial basis, to give internal audit, legal and compliance teams, senior mangers and boards of directors assurance that business lines meet legal and regulatory requirements and the Central Bank’s expectations.
  • As part of the firm’s Financial Institutions Group, assisting in the regulatory change of control consent process and due diligence of merger and acquisitions of regulated institutions in the Irish market.

MiFID II

Click here for the Matheson MiFID II Legislation Tracker (updated 26 September 2017), a consolidated guide to the MiFID II Regulations, and MiFID II EU Level 1, Level 2 and Level 3 legislation.

MiFID II Masterclass Series

In September 2016, Joe Beashel, Head of the Regulatory Risk Management and Compliance Group and his dedicated team of regulatory and compliance lawyers, hosted the MiFID II Masterclass Series at the firm's Dublin office. This series comprised of four separate breakfast sessions, each one breaking down a particular topic within MiFID II in an explanatory and practical way.

Read the materials below for each briefing.

Session 1      
     
Session 2      
 
Session 3      
 
Session 4      

 

 

 


 

 

 

MiFID II - Key Points

Watch Joe Beashel discuss the key points for MiFID II.

Briefings

Read our briefings on the Central Bank of Ireland's Fitness and Probity Prohibition Notice, the Fourth Anti-Money Laundering Directice and the new Payment Services Directive below.

Central Bank Fitness and Probity – Prohibition Notice For the first time ever, the Central Bank of Ireland has availed of its powers of prohibition under the Central Bank Reform Act 2010.
Fourth Anti-Money Laundering Directive The Fourth Anti-Money Laundering Directive is the European Union’s most recent response to the threat of the use of the financial system for money laundering and terrorist financing purposes.
Payment Services Directive II The new Payment Services Directive II is designed to update the rules in respect of payment services, to reflect and regulate aspects of recent developments in the industry.

 

Accolades

"Matheson has provided us with timely, client-focused and commercial advice. The firm displays a can-do attitude and its partners are always available and easy to deal with, as well as technically superb."
IFLR1000 2017

The firm’s regulatory risk management and compliance team is highly lauded.
IFLR1000 2015

"We receive timely, commercial advice from partners, always tailored to understanding of the client company's needs and industry trends."
IFLR1000 2015

"They are a very experienced team and offer excellent insights into industry practice and standards."
IFLR1000 2015

The Banking and Financial Services Department at Matheson advises Irish and international banks and financial services companies on regulatory matters ranging from the regulatory aspects of the transfer of a banking business to data protection and dealings with the Central Bank of Ireland.
 
In 2004, the firm established a dedicated Regulatory Risk Management and Compliance Group (one of the first in an Irish law firm) in response to an increased demand from clients for advice and assistance on matters relating to risk management and compliance. Our Regulatory Risk Management and Compliance Group recognises the increasingly important role played by regulation and compliance in financial matters and emulates best practice in other major financial centres. We know that getting compliance matters right can be a source of  strategic advantage and work with our clients to assist in these matters. We have a proven track record in a broad range of regulatory matters, both advisory and contentious. Our involvement in the development and implementation of Irish legislation ensures that we are ideally placed to provide advice on all matters concerning the Irish regulatory system. Formerly the Managing Director of a leading international Financial Services Centre Administration company, Joe Beashel is the partner heading up this practice.

Services include:

  • Assisting clients with the authorisation of new entities by the Central Bank of Ireland including banks, MiFID firms, fund services providers, payment institutions, retail credit firms and others as well as assisting in the expansion of the regulatory authorisations of existing entities.
  • Providing practical advice and assistance to boards of directors, senior management, in-house counsel and compliance officers in relation to the impact of new regulations.
  • Assisting clients in the effective and timely implementation of changes required by regulatory developments and we work to provide a robust assurance that implementation projects meet all legal and regulatory requirements.
  • Providing practical and strategically minded advice and assistance when regulatory issues arise. In particular assisting clients in assessing the legal and regulatory impact of regulatory issues as they arise and helping to develop remediation plans in order to fully address such issues.
  • Where the Central Bank initiates its administrative sanctions process we work with clients to minimise the impact of any sanction imposed.
  • Helping clients who are dealing with complaints to the Financial Services Ombudsman to ensure the most favourable outcome possible.
  • Conducting reviews of existing processes and procedures on an impartial basis, to give internal audit, legal and compliance teams, senior mangers and boards of directors assurance that business lines meet legal and regulatory requirements and the Central Bank’s expectations.
  • As part of the firm’s Financial Institutions Group, assisting in the regulatory change of control consent process and due diligence of merger and acquisitions of regulated institutions in the Irish market.

MiFID II

Click here for the Matheson MiFID II Legislation Tracker (updated 26 September 2017), a consolidated guide to the MiFID II Regulations, and MiFID II EU Level 1, Level 2 and Level 3 legislation.

MiFID II Masterclass Series

In September 2016, Joe Beashel, Head of the Regulatory Risk Management and Compliance Group and his dedicated team of regulatory and compliance lawyers, hosted the MiFID II Masterclass Series at the firm's Dublin office. This series comprised of four separate breakfast sessions, each one breaking down a particular topic within MiFID II in an explanatory and practical way.

Read the materials below for each briefing.

Session 1      
     
Session 2      
 
Session 3      
 
Session 4      

 

 

 


 

 

 

MiFID II - Key Points

Watch Joe Beashel discuss the key points for MiFID II.

Briefings

Read our briefings on the Central Bank of Ireland's Fitness and Probity Prohibition Notice, the Fourth Anti-Money Laundering Directice and the new Payment Services Directive below.

Central Bank Fitness and Probity – Prohibition Notice For the first time ever, the Central Bank of Ireland has availed of its powers of prohibition under the Central Bank Reform Act 2010.
Fourth Anti-Money Laundering Directive The Fourth Anti-Money Laundering Directive is the European Union’s most recent response to the threat of the use of the financial system for money laundering and terrorist financing purposes.
Payment Services Directive II The new Payment Services Directive II is designed to update the rules in respect of payment services, to reflect and regulate aspects of recent developments in the industry.

 


"Matheson has provided us with timely, client-focused and commercial advice. The firm displays a can-do attitude and its partners are always available and easy to deal with, as well as technically superb."
IFLR1000 2017

The firm’s regulatory risk management and compliance team is highly lauded.
IFLR1000 2015

"We receive timely, commercial advice from partners, always tailored to understanding of the client company's needs and industry trends."
IFLR1000 2015

"They are a very experienced team and offer excellent insights into industry practice and standards."
IFLR1000 2015



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