Best Financial Services Regulation Lawyers in Athens

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SPANOS - FOUSKARINIS AND ASSOCIATES LAW FIRM
Athens, Greece

Founded in 2016
15 people in their team
Greek
English
Chinese
Top Greek Law Firm | Golden Visa, Real Estate & Business Law ExpertsSF Legal Law Firm - Your Trusted Legal Partner in GreeceEstablished in 2016, SF Legal Law Firm (Spanos - Fouskarinis Legal Law) has built a solid reputation as a premier legal firm specializing in Golden Visa applications, real...

Founded in 2007
14 people in their team
English
Konstantinos Darivas & Associates | Trusted Law Firm in Athens, GreeceAt Konstantinos Darivas & Associates, we are a dynamic Athens-based law firm offering high-level legal services across a wide range of practice areas. With decades of experience and a strong reputation in civil, criminal,...

Founded in 2004
5 people in their team
Greek
English
Our Law Office, which is located in Athens, Greece, is a full service law firm, providing a wide range of legal services in all fields of the legal practice, inc. corporate - business law, contracts, debt collection, tax law, intellectual property, real estate, public - administrative law and...
Valmas Associates
Athens, Greece

Founded in 2008
50 people in their team
Greek
English
About Valmas AssociatesAt Valmas Associates we have earned a stellar reputation for our transparent, competent, fast and efficient legal services.Our main services include Greek Real Estate law, Golden Visa, Property Management in Greece, Business Law.Since 2008, we have advised international...
Lawyers in Kefalonia
Athens, Greece

English
Lawyers in Kefalonia is a premier law firm located in Argostoli, Kefalonia, Greece, renowned for delivering exceptional legal services across various practice areas. The firm is led by Evangelos Moshopoulos, a highly qualified attorney with dual law degrees from Greece and the United Kingdom, and...
POTAMITISVEKRIS Law Firm
Athens, Greece

Founded in 2009
200 people in their team
Greek
English
ONE OF THE TOP, FULL-SERVICE LAW FIRMS IN GREECEPOTAMITISVEKRIS is one of the top, full-service law firms in Greece, with a 140+ member staff including 14 partners, over 70 associates, 23 trainees and business services professionals in specialized areas. We efficiently combine our respective...

Founded in 1915
60 people in their team
English
German
French
Italian
Greek
Spanish
Chinese
Turkish
Arabic
Economou & Economou Law Office in Athens Greece Asklipiou 26 Str, tel:(+30)2103603824 email: [email protected], www.econlaw.gr, Divorce Family law, Inheritance law, Military law, Business, Banking, Corporate, Immigration, Real estate, Golden Visa 250K, Startup Visa 250K, investment law, traffic...

English
SANTI.A.- CH. CHRISTOU LAWYER COMPANY SYN DIKAIO is a distinguished law firm in Greece, specializing in corporate law. The firm offers comprehensive legal services tailored to the needs of corporate clients, including expertise in mergers and acquisitions, banking and finance, commercial and...
PPT Legal
Athens, Greece

Founded in 2000
50 people in their team
Greek
English
ABOUT USWe have been working in close cooperation with our clients in various business sectors over a number of decades; powered by our clients’ success, we have grown from 3 to more than 40 lawyers and are presently one of the largest law firms in Greece.Our clients comprise trade oriented legal...

Founded in 1980
50 people in their team
Greek
English
Pratikaki & Partners Law officePratikaki & Partners Law office is located in the center of Athens -Greece and operates since 1980.We are a Law office that has created a variety of ways to solve problems.Our focus is helping people who worry about their rights. Our experienced and...
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About Financial Services Regulation Law in Athens, Greece

Financial Services Regulation in Athens, Greece, involves a complex framework designed to maintain the integrity of financial markets, protect consumers, and ensure fair competitiveness. Athens, being a key financial hub in Greece, adheres to both national and European Union regulations. The financial regulatory framework prescribes the conduct of financial institutions including banks, investment firms, and insurance companies, ensuring that they operate securely and transparently. With the oversight of regulatory bodies like the Bank of Greece and the Hellenic Capital Market Commission, the financial sector is governed by robust laws aiming to prevent money laundering, protect investors, and uphold market stability.

Why You May Need a Lawyer

Individuals and businesses may seek legal assistance in Financial Services Regulation for various reasons. Common situations include navigating complex regulatory requirements for setting up financial institutions, ensuring compliance with evolving legal standards, and dealing with disputes or investigations related to financial activities. Legal expertise is also essential when facing sanctions, licenses suspensions, or when requiring representation during proceedings with regulatory bodies. Furthermore, if you are experiencing challenges related to corporate transactions, securities offerings, or regulatory reporting, consulting with a knowledgeable lawyer is advisable to mitigate risks and ensure lawful proceedings.

Local Laws Overview

The financial regulatory framework in Athens is shaped by both domestic laws and EU directives. Key aspects include the Anti-Money Laundering Directive which mandates stringent reporting and compliance measures for financial institutions, and the Markets in Financial Instruments Directive (MiFID II) which upgrades trading practices and investor protection standards. The Greek Banking Law enforces solvency and liquidity standards, complemented by the role of the Bank of Greece as the pivotal supervisory entity. Additionally, the Insurance and Reinsurance Law provides a structured approach towards the conduct of insurance firms establishing principles for financial stability and consumer protection.

Frequently Asked Questions

What regulatory bodies oversee financial services in Greece?

The primary regulatory bodies in Greece are the Bank of Greece and the Hellenic Capital Market Commission. They oversee banking operations, capital markets, and the conduct of financial service providers.

How do EU regulations affect financial services in Athens?

EU regulations set foundational standards for financial services which Greece must implement, covering areas such as market conduct, investor protection, and financial stability, thereby influencing local laws and practices.

What is required for setting up a financial institution in Athens?

Establishing a financial institution in Athens requires compliance with licensing requirements, capital adequacy standards, adherence to AML regulations, and securing approvals from the Bank of Greece.

What are the consequences of non-compliance with financial regulations?

Non-compliance can lead to severe penalties including fines, regulatory sanctions, operational suspension, and potential criminal charges for involved parties, emphasizing the importance of legal adherence.

How is investor protection ensured in Athens?

Investor protection is ensured through comprehensive regulations mandating transparency, fair financial practices, and rigorous supervision of markets to prevent fraudulent activities.

What laws govern anti-money laundering practices in Greece?

The Greek AML framework is aligned with EU directives, requiring comprehensive customer due diligence, suspicious transaction reporting, and the implementation of effective internal controls.

Can foreign investors participate in the Greek financial markets?

Yes, foreign investors can participate, provided they comply with regulations regarding disclosure, investment registration, and adhere to local laws protecting market integrity.

What resources are available for legal updates on financial regulations?

Professional legal newsletters, subscriptions to financial regulatory watchdog publications, and accessing governmental releases are pivotal resources for staying updated.

How can businesses ensure compliance with MiFID II regulations?

Businesses can ensure compliance by developing robust internal policies, conducting regular training for staff, and consulting with legal experts well-versed in MiFID II provisions.

Are there specific requirements for digital and fintech services in Greece?

Yes, fintech and digital services must adhere to additional guidelines and regulations ensuring data protection, cybersecurity, and compliance with financial technology standards.

Additional Resources

Individuals seeking further guidance can consult the following resources:

  • The Bank of Greece - providing monetary policy, supervision, and financial stability guidance.
  • The Hellenic Capital Market Commission - offering updates and releases on market regulations.
  • The Ministry of Finance - presenting governmental insights and regulatory changes impacting financial services.

Next Steps

If you require legal assistance in Financial Services Regulation, the following steps can be instrumental:

  1. Determine the specific area of financial regulation where you require assistance, whether it's compliance, licensing, or dispute resolution.
  2. Seek out law firms or legal practitioners specializing in financial regulation in Athens for knowledgeable advice and representation.
  3. Prepare all relevant documentation and information to facilitate a productive consultation with your legal representative.
  4. Ensure ongoing communication with your legal advisor for updates and to maintain compliance with evolving regulations.
Lawzana helps you find the best lawyers and law firms in Athens through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Financial Services Regulation, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Athens, Greece - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.