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Warsaw Regulation of Financial Institutions

The Warsaw office of Greenberg Traurig has one of the leading financial institutions regulatory practices in Poland. Our lawyers represent the most important Polish and international banks, asset management companies, brokerage houses and insurance companies. The scope of our services involves a variety of matters, including M&A transactions involving the acquisition or sale of financial institutions, regulatory issues impacting their operations, as well as compliance and enforcement.

Our key areas of focus include:

  • Financial Institutions M&A: GT Warsaw advises on mergers, acquisitions and disposals of – and investments in – all types of financial institutions. GT Warsaw has participated in the most important bank M&A deals in Poland, including transactions consisting in the acquisition of shares and organized parts of businesses in spin-off transactions, in the context of both public and private M&A. We also support our clients in navigating and managing the related regulatory and operational aspects of structuring such transactions.
  • Regulatory Requirements: GT Warsaw advises financial institutions on a variety of important regulatory matters. Our firm has exceptionally broad experience in dealing with the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego) and other regulatory bodies. We have assisted several financial institutions in restructuring or adapting their business in response to regulatory changes. Our attorneys have been involved in the establishment of new financial businesses in Poland and the provision of services by financial institutions in Poland on a cross-border and branch basis. We provide our clients with advice on the development of Polish and EU legislation and policies relating to financial institutions.
  • Corporate Governance: GT Warsaw provides advice to management and supervisory boards on a wide range of corporate governance matters and issues relating to governance structures, operations, policies and best practices of financial institutions. We assist our clients in the appropriate composition of internal bodies and committees. We have broad experience in designing executive compensation schemes in the financial industry.
  • Prudential Requirements: We have advised our clients on the applicable own funds requirements, including the CRD IV/CRR and BRRD requirements applicable to banks. Our firm has been involved in numerous equity and debt offerings undertaken by financial institutions, including both Tier I equity and subordinated debt. GT Warsaw has advised on the regulatory treatment of financial instruments and the regulatory capital implications of risk transfer arrangements, including funded and unfunded credit protection schemes and securitization.
  • Operations: GT Warsaw has broad experience in advising financial institutions on complex outsourcing arrangements. We routinely support our clients in drafting the required documentation, including internal rules and procedures, agreements and terms & conditions. GT Warsaw assists financial institutions in their day-to-day operations, including bank secrecy, regulation of banking products and disposal of NPLs.
  • Financial Products: We routinely advise on the development and marketing of new products by financial institutions, including documentation and distribution channels.
  • Regulatory Enforcement & Compliance: GT Warsaw regularly advises financial institutions on regulatory investigations and enforcement actions, including regulatory audits and compliance with anti-money laundering and terrorist financing rules and international sanctions.
  • Investment Funds: GT provides a full range of advice to asset management companies and alternative investment managers, including structuring, establishment, marketing and administration of investment funds. We also routinely support investment funds and banks with respect to a variety of issues involving the performance of depositary functions.
  • Insurance: GT Warsaw has broad transactional experience advising insurance companies as well as agents, brokers and reinsurance intermediaries.