KMG Legal has a robust and diverse experience in banking & finance practice. We have advised borrowers, lenders, and security providers and have a deep understanding of legal and commercial issues that may possibly arise in the life of a lending transaction. An in-depth local knowledge of the application of various statutes, with a familiarity of international best practices, allows us to understand and anticipate potential legal and commercial risks that may arise in a transaction. This coupled with our constant endeavour to restructure, ideate and innovate, enables us to provide effective solutions to all stakeholders in a transaction. We have successful lawyers and attorneys who has handled large, complex and pioneering transactions and our client base includes large public sector and private sector banks and their consortia, global banks, funds and investment houses, asset reconstruction companies as well as domestic and foreign commercial enterprises.
Banking Law
• Federal Deposit Insurance Corporation (FDIC): Regulates banks and protects depositors.
• Office of the Comptroller of the Currency (OCC): Supervises national banks.
• Federal Reserve System (Fed): Regulates monetary policy and supervises member banks.
• Bank Holding Company Act of 1956: Regulates bank holding companies.
• Federal Deposit Insurance Act (FDIA): Provides deposit insurance for bank customers.
• Truth in Lending Act (TILA): Protects consumers in credit transactions.
• Electronic Fund Transfer Act (EFTA): Regulates electronic fund transfers.
Finance Law
• Securities and Exchange Commission (SEC): Regulates the securities industry.
• Investment Company Act of 1940: Regulates investment companies.
• Securities Act of 1933: Regulates the issuance of securities.
• Securities Exchange Act of 1934: Regulates the trading of securities.
• Investment Advisers Act of 1940: Regulates investment advisers.
• Commodity Futures Trading Commission (CFTC): Regulates the futures industry.
• Commodity Exchange Act (CEA): Regulates the trading of commodities.
• Dodd-Frank Wall Street Reform and Consumer Protection Act: Comprehensive financial reform legislation.
Other Relevant Laws
• Bankruptcy Code: Governs the bankruptcy process for banks and other financial institutions.
• Financial Crimes Enforcement Network (FinCEN): Regulates money laundering and other financial crimes.
• Fair Credit Reporting Act (FCRA): Protects consumers from inaccurate credit reports.
• Gramm-Leach-Bliley Act (GLBA): Protects consumer financial privacy.
Key Concepts
• Financial Stability: Maintaining a sound and stable financial system.
• Consumer Protection: Protecting consumers from unfair or deceptive practices.
• Capital Adequacy: Ensuring that banks have sufficient capital to absorb losses.
• Anti-Money Laundering (AML): Preventing the use of the financial system for illegal activities.
• Fiduciary Duty: The obligation of financial professionals to act in the best interests of their clients.