Legal Guidance and Research / Experts / Ioannis Asimakopoulos
Ioannis Asimakopoulos#14135

Dr. Ioannis Asimakopoulos

Herbert Smith Freehills Kramer
Ioannis is a non-contentious regulatory lawyer with a focus in financial services.
 
Ioannis works on both advisory and transactional matters. He focuses his practice on UK and EU financial services regulatory law with an emphasis on prudential regulation, operational resilience and digital assets. He acts on behalf of a wide variety of clients including regulators, banks, fund managers and payment services providers.
 
Ioannis covers a broad spectrum of regulatory issues including licensing, restructuring, multi-jurisdictional compliance and regulatory considerations arising in the context of corporate transactions.

Practice Area

Panel

  • Contributing Author

Qualified Year

  • 2017

Experience

  • Single Resolution Board (2019 - 2021)
  • DLA Piper (2021 - 2022)
  • Herbert Smith Freehills Kramer (2022 - Present)

Membership

  • Athens Bar Association
  • Brussels Bar Association
  • Goethe University Frankfurt - Center for Advanced Studies on the Foundations of Law and Finance
  • University of Luxembourg – Faculty of Law, Economics and Finance

Qualifications

  • PhD (2022)
  • MSc (2016)
  • MCL (Master in Corporate Law) (2016)
  • LLB (2014)

Education

  • University of Luxembourg (2022)
  • Athens University of Economics and Business (2016)
  • University of Cambridge (2016)

1 Contributions by Ioannis Asimakopoulos

UK CCP Special Resolution Regime under FSMA 2023: Stabilisation Options, Statutory Tear-up, Safeguards, Bank of England Powers and Instruments
PRACTICE NOTES
UK CCP Special Resolution Regime under FSMA 2023: Stabilisation Options, Statutory Tear-up, Safeguards, Bank of England Powers and Instruments
Background to Financial Services and Markets Act 2023 The Financial Services and Markets Act 2023 (FSMA 2023) delivers significant reforms to the UK’s regulatory architecture for financial services. It cancels retained/assimilated EU-derived rules in this field and empowers HM Treasury, alongside the financial services regulators, to substitute them with measures tailored for UK markets, building on the UK’s established regulatory model (see Practice Note: The Financial Services and Markets Act 2023—essentials). The accompanying Explanatory Notes explain that FSMA 2023 preserves the UK’s status as a competitive marketplace with strong regulatory standards by, among other steps, giving the Bank of England (BoE) new instruments to lessen risks arising from the failure of critical financial institutions. FSMA 2023 obtained Royal Assent on 2 June 2023, yet different provisions commence on varying dates, as indicated in section 86 and in subsequent commencement statutory instruments (SIs). Parts of the special resolution regime (SRR) for central counterparties (CCPs) began to apply from 29 August 2023, although a commencement SI is still awaited for the remaining provisions (see FSMA 2023, s 86 and Financial Services and Markets Act). These changes are intended to be bespoke to UK markets and closely align with the existing regulatory approach...
Restructuring & Insolvency
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