Diego Bobbo

I focus on the challenges arising from continuous changes to the European and international financial markets, and advise clients on the assessment and implementation of related legal and regulatory changes.

As a member of the Finance & Financial Regulation Group in Milan, my interests are in different areas of European and Italian regulation of capital markets, banking, investment services, insurance and asset management.

I spend most of my time assisting major banks, investment firms, asset managers and insurance undertakings in shaping their business in compliance with relevant legal and regulatory requirements, and helping them to take advantage of opportunities arising from continuous development of applicable frameworks.

My activities range from supporting clients on the structuring of their internal governance and procedures, the building of their distribution networks, the management of their relationships with supervisory authorities (also in the context of sanction proceedings), the provision of banking and investment services and the creation and distribution of investment vehicles, financial instruments and insurance products of any kind.

Furthermore, I have relevant expertise in supporting clients on understanding and dealing with legal and regulatory challenges arising from the application of innovative technologies in their business sectors, as well as in developing and implementing fintech and insurtech solutions.

I also have experience assisting on issues arising from rules on insurance distribution, derivatives, anti-money laundering and market abuse.

• Supporting major Italian and international banks on issues arising from European and Italian regulations concerning the performance of investment services (MiFID II/MiFIR, PRIIPs), taking into account new rules on product governance and provision of investment advice, suitability assessment, inducements, conflicts of interest and giving information on costs and charges, transparency and reporting of transactions.
• Assisting major Italian and European insurance companies and intermediaries to implement new rules on setting up and distributing insurance products (both traditional contracts and insurance based investment products) following applications to the European Directive on insurance distribution (IDD) and Regulation EU 1286/2014 (PRIIPs Regulation).
• Assisting UK and Italian banks, investment firms and asset managers on various issues arising from Brexit (also in terms of client contracts, the organisation of businesses and relationships with competent supervisory authorities).
• Advising Italian and international asset managers on the implementation of UCITS and AIFMD framework within their business, as well as setting up and passporting of investment funds and their relevant offering documentation, including advice on Italian rules on PIR - Piani Individuali di Risparmio (Individual Savings Plans).
• Supporting major banks, investment firms and asset managers to implement environmental social governance (ESG) criteria in their investment strategies and internal procedures, as well as on the products to be made available to their clients.
• Advising on the requirements set forth by recent European rules on financial benchmarks (BMR), security financial transactions (SFTR) and central securities depositories (CSDR)