Lawyers from Clifford Chance gave an overview of the proposed new regimes, focusing on key issues relevant to foreign financial institutions (such as, bail-in, temporary stay of the early termination clause, and funding for resolution) and made comparisons to the regimes in other countries.
The Financial Stability Board (FSB) released a paper called “Key Attributes of Effective Resolution Regimes for Financial Institutions” in October, 2011. G-20 governments are putting in place their own resolution regimes following the recommendations made in this document. In the case of Japan, amendments to the relevant law were passed by the Diet in June 2013 and currently, lower-level regulations are being finalized, with a view to introducing the regime in March, 2014.
Lawyers from Clifford Chance will provide an overall view of the proposed new regimes, focusing on key issues relevant to foreign financial institutions (such as, bail-in, temporary stay of the early termination clause, and funding for resolution) and will make comparisons to the regimes in other countries.
Mr. Masayuki Okamoto, Partner, Clifford Chance Law Office (Gaikokuho Kyodo Jigyo)
Mr. Leng-Fong Lai, Partner, Clifford Chance Law Office (Gaikokuho Kyodo Jigyo)
Mr. Okamoto is an attorney-at-law admitted in Japan (1990) and in New York (1997).
He has an extensive career in acquisition finance, structured finance, real estate finance, regulatory issues and other corporate matters, among others. Mr. Okamoto is a graduate from the University of Tokyo (LLB) and Cornell Law School (LLM).
Mr. Lai is a solicitor admitted in England and Wales (2001) and an advocate and solicitor admitted in Singapore (1999).
He was based in London before moving to Tokyo in 2005 and advises extensively on all forms of capital markets transactions, focusing particularly on structured finance, securitisations, infrastructure and real estate finance, derivatives and structured financial products. Mr. Lai is a graduate from the National University of Singapore.