New client guide: The long arm of regulation - responding to cross-border financial services investigations

Given the growth of cross-border financial services, regulators are increasingly seeking assistance from their overseas counterparts in investigating issues, particularly in market abuse cases.  Firms, in turn, are now evermore subject to scrutiny by overseas regulators and risk being investigated and sanctioned in multiple jurisdictions for the same conduct.  This trend is expected to continue. 

Herbert Smith is publishing a new guide, covering 10 key jurisdictions, to assist clients in responding to financial services regulators in cross-border investigations. 

The guide will be launched by two webinars which we are hosting to draw out the key issues and themes across (1) Europe (UK, France, Spain, Netherlands and Switzerland) (2) Hong Kong, Japan, Russia and Dubai. 

We will focus on: 

• The sweeping powers regulators have to assist overseas regulators
• Mechanisms for overseas regulators to obtain information directly from firms
• When firms/individuals can withhold information from regulators
• Consequences for failing to comply with requests
• Whether firms/individuals can be sanctioned in multiple jurisdictions for the same conduct

European webinar
Wednesday 20 June 2012 12.45pm - 1.45pm UK time      Register here
 
Hong Kong, Japan, Russia and Dubai webinar
Tuesday 3 July 2012 9.30am - 10.30am UK time                Register here

Clients may pre-order a hard copy of the guide by clicking here (please include your mailing address).  Please note that the guide and the webinars are available only to clients.