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 30 June 2014, the Prudential Regulation Authority
("PRA") launched a consultation on proposed changes to
its rules and supervisory statements for credit risk mitigation,
credit risk, governance and market risk. The consultation covers,
amongst other things, proposals on (i) permissions to use own
estimates on volatility adjustments; (ii) permissions to use the
advanced internal ratings-based approach for exposures to central
governments, central banks and public sector entities; (iii) a rule
to introduce stricter criteria for the application of a 50% risk
weight to certain commercial real estate exposures located in
non-EEA countries; and (iv) guidance for firms on limitations on
directorships and how to report risks not in VaR requirements.
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.
