30/10/2025
Round table at FIVERS Studio Legale e Tributario
A couple of days ago, we had the pleasure of hosting an exclusive round table at FIVERS Studio Legale e Tributario in Milan, held in collaboration with the leading Luxembourg law firm Arendt & Medernach.
The discussion focused on the Capital Requirements Directive (“CRD VI”), a major milestone in EU Banking Regulation. The directive introduces significant changes in the regulatory landscape for non-EU banks seeking to provide core banking services within the European Union. Most notably, it sets out a transformative third-country branch regime that will require non-EU banks to reassess how they serve EU clients.
Together with industry experts, we explored the strategic implications and possibilities of these upcoming changes, particularly in relation to Swiss institutions with clients across multiple EU Member States, including Italy and Luxembourg. The key focus of the debate was how banks could redefine their operating models and commercial strategies as well as the legal and operational implications of transferring client contracts from non-EU banks to European hubs— with a spotlight on transfers from Swiss banks to the Italian branch of either the Swiss bank directly or of an EU Luxembourg subsidiary.
“This event offered a unique opportunity to reflect on the key drivers for accessing the Italian and Luxembourg markets. By embracing a holistic approach, private banking banks can better position themselves to navigate regulatory change and seize new strategic opportunities across Europe” declared our partner Edoardo Guffanti.
Thank you to all speakers and participants for contributing to a dynamic and insightful discussion on a topic that is set to reshape cross-border banking relationships.
The discussion focused on the Capital Requirements Directive (“CRD VI”), a major milestone in EU Banking Regulation. The directive introduces significant changes in the regulatory landscape for non-EU banks seeking to provide core banking services within the European Union. Most notably, it sets out a transformative third-country branch regime that will require non-EU banks to reassess how they serve EU clients.
Together with industry experts, we explored the strategic implications and possibilities of these upcoming changes, particularly in relation to Swiss institutions with clients across multiple EU Member States, including Italy and Luxembourg. The key focus of the debate was how banks could redefine their operating models and commercial strategies as well as the legal and operational implications of transferring client contracts from non-EU banks to European hubs— with a spotlight on transfers from Swiss banks to the Italian branch of either the Swiss bank directly or of an EU Luxembourg subsidiary.
“This event offered a unique opportunity to reflect on the key drivers for accessing the Italian and Luxembourg markets. By embracing a holistic approach, private banking banks can better position themselves to navigate regulatory change and seize new strategic opportunities across Europe” declared our partner Edoardo Guffanti.
Thank you to all speakers and participants for contributing to a dynamic and insightful discussion on a topic that is set to reshape cross-border banking relationships.
