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 31, 2014, the Financial Policy Committee's
("FPC") review of the role of the leverage ratio in the
capital framework for UK firms was published by the Bank of England
("BoE"). The FPC requests that HM Treasury enables the
FPC to give directions to the Prudential Regulation Authority
("PRA") to set leverage ratio requirements and buffers
for PRA-regulated institutions. The directions should include a
minimum leverage ratio requirement, a supplementary leverage ratio
buffer to apply to global systemically important banks and major UK
institutions, as well as a countercyclical ratio buffer. The BoE
also published a letter from George Osborne, the Chancellor of the
Exchequer, to Mark Carney, the Governor of the BoE, stating that
the government accepts these FPC recommendations, aims to grant the
FPC such powers of direction and will set out proposals to
Parliament to do so.
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