A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
The report is in line with the FSB’s Key Attributes of Effective Resolution Regimes for Financial Institutions, which was reissued concurrently with the report.
On October 15, 2014, the Committee on Payments and Market
Infrastructures ("CPMI") and the International
Organization of Securities Commissions ("IOSCO") issued a
final report on the Recovery of Financial Market Infrastructures
("FMIs"). The report directs FMIs, such as central
counterparties, on developing recovery plans that set out how a FMI
could continue to provide critical services to their participants
in times of stress. It also discusses various scenarios that call
for the use of recovery tools, and lists a series of specific
recovery tools that could deal with FMIs financial stresses. The
report is in line with the FSB's Key Attributes of Effective
Resolution Regimes for Financial Institutions, which was reissued
concurrently with the report.
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