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.
On October 29, 2014, the EBA published an Opinion on the prudential requirements for credit and investment institutions and exemption regime under the Capital Requirements Directive and Capital Requirements Regulation.
On October 29, 2014, the European Banking Authority
("EBA") published an Opinion on the prudential
requirements for credit and investment institutions and exemption
regime under the Capital Requirements Directive ("CRD")
and Capital Requirements Regulation ("CRR") (together
known as "CRD IV"). The Opinion deals mainly with issues
relating to waivers granted by national authorities, and whether
they are prudentially justified. The majority of waivers under CRD
IV were deemed to be justified, although the EBA states that their
use should be reviewed in future so as to take into account their
interactions with the recovery and resolution strategies of banks,
as well as the Bank Recovery and Resolution Directive which applies
from January 1, 2015, save for the bail-in provisions which must
apply from January 1, 2016 at the latest. The EBA recommends that
the European Commission consider whether the application of waivers
at member state level remains appropriate in light of the new
Banking Union.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
