Banking Law

Banking law is not a discrete area of law like contract or torts. It conveniently describes, however, the collection of legal principles which impact on banking transactions and on the banker-customer relationship. In that sense, banking law is the area at which a diverse range of legal principles intersect with the market conditions and the global financial system. The unprecedented volatility of the markets is currently commanding the reassessment of risk by both lenders and borrowers which has resulted in a less borrower-friendly environment and more restrictive terms in finance documentation.
Capital Markets
Capital Markets which are made up of debt and equity markets fuel economic growth by allocating capital that can be used to create jobs, build infrastructure and finance innovative ideas.
Hellenic Capital Market Commission (HCMC)
In Greece the Hellenic Capital Market Commission (HCMC) is responsible for matters related to licensing, monitoring, supervision and control of the capital market intermediaries. The intermediaries, which are subject to preventive and repressive supervision, include among others the Providers of Investment Services (such as Investment Services Firms – ISF and Investment Intermediation Firms – IIF), the Collective Investment in Transferable Securities (UCITS) and their managers and the Alternative Investment Funds (AIF) and their managers (AIFM). The HCMC gives licenses and supervises the trading venues as well, such as regulated markets and Multilateral Trading Systems and the Clearing and Settlement System of the Athens Exchange. In 2014, HCMC was designated competent authority for the supervision and control of investments Occupational Insurance Funds (TEA).