Finahukuk’s market-leading financial regulatory practice serves our clients’ businesses in Turkey. This focus on regulatory activity across geographies and the excellence of our Turkey practices in particular make us the international counsel of choice for clients with difficult regulatory challenges in their home jurisdictions that are also seeking to meet global best practices. Backed by clear technical advice and strong relationships with regulators, we advise clients on the laws and regulations of the world’s key financial and commercial centers.
Leveraging our deep regulatory knowledge and global capabilities, we help clients cultivate relationships with regulators, deliver innovative solutions to increasingly complex regulatory issues, as well as make the most of opportunities presented by regulatory reform initiatives and market developments. Our clients include many of the major global banks and large financial institutions, and payment service providers.
With a global presence matching that of many of our clients, our local practice allows us to provide seamless coverage. Our clients value our insights on how local initiatives fit into the global regulatory architecture.
Our practice covers a wide range of financial regulatory reforms, day-to-day regulatory/compliance issues, transactional structures, trading and markets issues, regulatory investigations and enforcement proceedings. We have extensive experience advising on bank regulation, bank insolvency, recovery and resolution planning and corporate governance, bank capital markets transactions, including EU legislation (such as EMIR, MiFID II and CRD IV) and international initiatives.
Our experts have previously held prominent positions in key regulatory authorities worldwide, including Basel Committee, Banking Regulation and Supervision Agency and Capital Market Board.
Finahukuk’s regulatory team helps clients to find their way in the fast-moving regulatory environment, which is becoming more and more complex and consequently requires the adaptation of new rules at the Turkey, EU and global level. We advise our clients on compliance with existing and future regulatory requirements by advocating for all market participants in the major financial markets who are active in the areas of banking, market infrastructure, raw materials, asset management, insurance or the various areas of FinTech.
Consulting focus
- Approvals for regulated companies (including e-money/payment, banking licenses, securities dealers, insurance companies, asset managers, stock exchanges, trading venues, etc.)
- Approvals from commercial agencies and branches of foreign regulated companies
- Governance and organizational requirements, regulatory, reporting and disclosure obligations of licensed institutions
- Advising domestic and foreign financial institutions on the requirements for rules of conduct, suitability, customer categorization, cost transparency including performance incentives, target markets as well as pre- and post-trade reporting
- Cross-border provision of financial services in or from Turkey / contractual documentation for financial services
- Investigation and enforcement proceedings by banks and other financial intermediaries before the regulatory authorities / representation in civil and criminal proceedings
- Reorganization of the financial intermediaries