LA VANGUARDIA – “La importancia del asesoramiento jurídico en el sector financiero”

The importance of legal advice in the financial sector

EXPERIENCE AND SPECIALIZATION

The law firm founded by María Gracia Rubio de Casas accompanies companies in the sector in their digitization process and provides legal advice to Fintech companies

The financial sector is not left out of the digital transformation that is imposed in most economic sectors. These are complex processes with many implications, especially in technology-based companies, whose activity is in the focus of the National Securities Market Commission (CNMV), the main supervisor of the sector in Spain, for fear that its activities affect particularly sensitive areas such as money laundering, cybercrime, consumer protection or the integrity of the market itself.

In this context, it is especially important to have the advice of experts in the field who are well acquainted with the existing regulatory framework and are capable of proposing solutions and alternatives to match the most innovative projects.

 

RdC Abogados law firm offers advice to the financial sector and is specialized in companies that provide these services through the intensive use of technology

The RdC Law Firm, founded by María Gracia Rubio de Casas, offers advice to the financial sector and specializes in companies that provide these services through the intensive use of technology. “The intersection between finance and technology is increasingly important, and regulation in this area is currently being defined,” explains Rubio de Casas, who points out that for this reason Fintech companies, with a strong technological base but less experience in the financial sector, “they may also require assistance.”

Without going any further, on November 16, Law 7/2020, of November 13, for the digital transformation of the financial system, known as the “Sandbox Law”, was published in the BOE. RdC Abogados has also worked for a long time with participatory financing platforms, which are now facing the publication of the European Crowdfunding Regulation, which sets the rules so that they can operate throughout Europe. “This is a very significant moment for them and we are very aware of the new challenges and opportunities that this Regulation represents for our clients. There are many points that still have to be specified by the European Securities and Markets Authority (ESMA) and it seems important to us to follow this process closely, to convey the industry perspective to the supervisor ”.

María Gracia Rubio de Casas founded her current law firm in 2015, after having led the Financial Regulation department of Baker & McKenzie for 15 years, with the clear desire to focus her services on the financial sector. The firm, whose clients include entities based in Spain and abroad, advises regulated and non-regulated providers of financial services to residents in Spain, investment companies and credit institutions that fall within the scope of the Directive II on Markets in Financial Instruments / Directive IV on Capital Requirements and the UCITS and AIFM Directives (the revision of which, incidentally, has also just been initiated by the European Commission). The office has just been moved to new offices at Calle Alcalá 75, 4º Derecha, in Madrid.

RdC Abogados offers its clients value-added services, such as legal opinions, project structuring, cross-border services or adaptations to future national and international regulations, both for technology-based companies and traditional financial companies. “The complex existing regulations multiply uncertainties and although in many cases entities with a certain track record have sophisticated legal teams, external assistance can serve to endorse decisions or provide points of view,” he explains.

Currently, RdC Abogados is also developing several advisory projects for financial service providers that, as a result of Brexit, have chosen to establish themselves in continental Europe in order to continue providing these services to their clients established in the continent.

Long experience and specialization

Its founder has a long experience in the sector. He joined the CNMV in 1989, and in 1994 he created a law firm specialized in the regulation of financial services, which was absorbed by Baker McKenzie in 2001. Throughout his career, he has understood the importance of advising and accompanying his clients so that they anticipate and be prepared for change, especially in a sector like technology, which is constantly evolving.

“We are passionate about innovative projects. Many of the projects that come to us do not find accommodation in the existing regulation, we pour all our experience so that these projects come to fruition and we provide solutions and alternatives in which rigor is as important as creativity ”, affirms María Gracia Rubio of Houses.

Another key to prestige is due to the fact that we do not create false expectations or offer services “if we know we cannot provide them”. On the contrary, they try to create relationships of trust with their clients and other players in the sector, in addition to providing tailored solutions and making financial regulation understandable. One of our reasons of pride is to maintain stable and long-term relationships with our clients.

María Gracia Rubio de Casas founded her current law firm in 2015, after having led the Financial Regulation department of Baker & McKenzie for 15 years.

Her experience and know-how have earned her to be recognized by the prestigious international Best Lawyers directory as the lawyer of the year 2021 in the specialty of financial institutions.

A prestigious law firm

Thanks to its staff of specialized expert professionals, and with great knowledge of the financial and fintech sector, RdC Abogados has positioned itself as a prestigious law firm in this field, open to complex and innovative projects that allow them to put their creativity and specialization to the test.

RdC Abogados offers its clients value-added services, such as legal opinions, project structuring, cross-border services or adaptations to future regulations

Their collaborations with other expert firms in different areas allow them to provide their clients with a much more complete service in those cases that the project requires. In addition, they have recently started a collaboration with another leading law firm in the financial sector, Linares Abogados, with which they share not only the headquarters, but also a common philosophy.

The firm also stands out for its corporate social responsibility actions, promoting, among others, the values ​​of responsible consumption, work-life balance and ongoing training for its employees.

 

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