Banking & Finance: Financial Services Regulation | Europe

Widely considered to be an excellent boutique law firm, finReg360 offers comprehensive advice on financial services regulation. The team advises on various national and European rules applicable to asset managers, banks and service providers including MiFID II, PSD2 and AML. The law firm also assists with authorisation procedures and entity set-ups, often in close negotiation with the CNMV. With its further competence in sustainable finance initiatives and large compliance assessments, finReg360 complements its holistic offering.

KPMG Abogados is home to a highly reputed Madrid-based banking and finance regulatory team. The practice group regularly advises Spanish entities on compliance with EU rules for the financial services sector. It also shows prowess in handling compliance gaps and designs strategies to meet obligations under MiFID II, MiFIR and PSD2. Furthermore, KPMG assists banks with regulatory authorisation procedures for new entities and for the provision of new financial services. Besides its excellence in regulatory mandates, clients also benefit from the law firm's growing presence on asset finance mandates.

Deloitte Abogados offers a strong banking and finance regulatory department. The Madrid-based team regularly advises international and national banks, investors and corporates on a range of regulations from MiFID II and PSD2 to AML. Furthermore, clients benefit from Deloitte's expertise in product launches and market expansions, digital services outsourcing issues and corporate transactions requiring comprehensive regulatory assessments. Aided by its global office network, the law firm is well placed to assist with cross-border transactions.

Garrigues's outstanding team is regularly sought after for its expertise across the full spectrum of banking and finance mandates. The department is especially known for its prowess in advising on significant project finance agreements that facilitate energy and infrastructure developments in Spain and abroad, including those with ESG components. Furthermore, Spanish corporates and banks appreciate the firm's strength in refinancings, acquisition and asset finance transactions. The law firm complements its holistic offering with its presence in finance regulatory mandates, especially those pertaining to the authorisation and setting up of new investment vehicles and M&A transactions.

One of Spain's top law firms, Uría Menéndez houses a highly established banking and finance practice. The department boasts considerable expertise in distressed finance mandates, including standout mandates on the lender side of high-profile debt restructuring operations. Additionally, clients benefit from the firm's prowess in handling complex NPL portfolio sales and large acquisition finance cases. The team is regularly appointed to act for lenders on the negotiation of syndicated loans in favour of Spanish borrowers, with proven experience in real estate, hospitality and energy project finance matters. The Uría Menéndez team retains additional regulatory expertise, supporting a broad spectrum of clients with prudential requirements and reporting, amongst other mandates.