Banking and finance

BGR has more than ten years' experience in the sector, offering specialist skills to banks and non-bank financial intermediaries.

With a team of dedicated tax specialists and tax lawyers, as well as corporate lawyers experienced in the internal control system and the regulatory part in general, the Firm offers its clients highly qualified consulting services in the following areas:
  • Direct and indirect taxation of banks and financial intermediaries;
  • Regulatory, assisting the various internal control functions and, where required, acting as their outsourcer. We also support corporate clients and, if necessary, their professional staff in disputes over compound interest and exceeding threshold rates.
Moreover, thanks to this extensive experience, our professionals have been appointed to the Boards of Directors or Statutory Auditors of Financial Intermediaries in compliance with interlocking regulations

Bank and financial intermediary taxation

BGR has a specialist Bank and Financial Intermediary taxation team. Our direct tax, VAT, and indirect tax experts assist clients in all tax matters, with a complete and detailed analysis of even the most complex issues that may affect the sector. The team helps them to run their business efficiently and comply with the relevant regulations.

The Firm assists its clients with recurring activities and obligations, and extraordinary events, such as M&A transactions, international taxation services, assistance and representation in dealings with the tax authorities and litigation, submission of appeals, issuance of written opinions, including those of an independent nature, and analysis of the taxation of new products and contracts.

With its proven team of lawyers and chartered accountants, BGR can help clients join optional tax regimes, such as tax consolidation and VAT groups, and draft the relative contracts and regulations. Our experts help them draw up policy documents and analyse and prepare tax risk management procedures to comply with the requirements of secondary sector legislation. Where the law allows, we also facilitate access to the collaborative compliance regime.

Regulatory consulting

BGR offers strategic and operational consulting services based on its clients’ specific needs when faced with strategic, operational, organisational, and regulatory choices.

The main areas of activity include:

  • optimisation of an organisation’s structure through tailor-made organisational solutions to improve the efficiency and effectiveness of processes and to ensure the correct allocation of capital resources (organisational assessment, definition, review and automation of corporate processes and procedures);
  • implementation and/or improvement of the internal control system to ensure regulatory and legislative compliance, also offering Risk Management solutions (regulatory compliance checks, outsourcing and co-sourcing assignments in the areas of Compliance, AML, Risk Management and Internal Auditing);
  • the definition and support of the corporate strategy to ensure that the business complies with regulations and to allow its development in a regulated context (feasibility studies, strategic, managerial and commercial business and financial planning);
  • relations with the Supervisory Authorities (authorisations and answers to questions and inspections).
Finally, BGR supports corporate clients and, if necessary, their professional staff in disputes over compound interest and exceeding threshold rates.