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 July 20, 2015, the Prudential Regulation Authority published a Supervisory Statement setting out the liquidity coverage requirement reporting standards which firm's will need to comply with...
On July 20, 2015, the Prudential Regulation Authority published
a Supervisory Statement setting out the liquidity coverage
requirement reporting standards which firm's will need to
comply with on an interim basis between October 1, 2015, the date
the LCR applies under the original implementing technical
standards, and the date of the new LCR requirements come into
effect following the adoption by the European Commission of revised
ITS on liquidity reporting. Firms are required to submit LCR data
to national regulators under the CRR and CRD. The PRA considers
that firms should report their LCR positions in the interim period
so that their liquidity resilience can be monitored. However, if
firms report their LCR positions according to the provisions of the
original ITS, their LCR positions will not be properly determined.
Therefore, the PRA has set out in the Supervisory Statement the
data that firms are required to submit in the interim period.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
