Legal Financial Services
In times of low interest rates and increased regulatory requirements for banks and financial service providers, the capacity to conduct a holistic and coherent analysis of the legal environment can constitute a significant competitive advantage. KPMG Law understands the requirements that banks face in their traditional businesses, as well as those associated with developing new businesses and new business models.
We continuously advise banks and financial service providers on regulatory requirements and their organisational implementation. In addition, we assist our clients in connection with development and introduction of new products, whereas our regulatory expertise and market knowledge can facilitate the path to the final product.
We put particular emphasis on the legally compliant set-up of employee remuneration systems. In order to avoid conflicts of interest, banking supervision law places strict – and in some cases complex – requirements on remuneration guidelines for employees of credit institutions. We have extensive experience in the drafting of such remuneration models and assist our clients with our expertise in the regulatory framework as well as in labour law aspects related to drafting of a specific remuneration model.
As experts for regulatory requirements in the financial sector, we always keep an eye on changes in the Austrian and European legal framework. You as a client can benefit from this: We are in a position to continuously advise you on changes that are relevant to you and assist you in making adaptations to changed conditions. Our regulatory advice covers all areas of the financial market – from banking transactions, payment services and e-money to investment business and asset management.
Sustainability is becoming increasingly important also in the financial sector, partly because the European Commission, in its action plan on sustainable financing and the draft regulations published in this context, stressed the importance of the financial sector for the achievement of the Paris climate targets. We advise you on the requirements for the development and sale of sustainable financial products.
Main Focus of Activity
- Organisational requirements for credit institutions and financial service providers
- Remuneration concepts
- Drafting of investment principles
- Advice and assistance in connection with the development and marketing of new products under regulatory laws
- Payment services and e-money
- Sustainable Finance