Services

Financial Services Regulation

Hannes Snellman’s Financial Services Regulation practice advises local and international clients on all aspects of banking, investment, asset management, payment services, insurance, virtual currency, financial technology, derivatives, capital and financial markets law and regulation. Our clients include top-tier banks, investment firms, fund managers, and insurance companies, as well as new entrants to the fast-evolving financial services industry.

The team advises clients on licences and authorisations for local and cross-border activity and marketing and offering requirements for investment funds, derivatives, structured instruments, and other types of financial products and insurances. The team also represents clearing and settlement organisations and their members on questions relating to derivatives trading, clearing, and settlement. We are proud to be ISDA’s netting opinion counsel in Finland.

We actively follow the regulatory developments in Finland, Sweden, and the EU, and our understanding of financial regulation enables us to provide practical solutions to clients. We have broad experience in EU, Finnish, and Swedish financial services regulation and we are used to working with the relevant regulators in both Finland and Sweden.

Hannes Snellman’s Financial Services Regulation practice has experience within banking, finance, and capital markets, and we work in close co-operation with our M&A, Tax, Dispute Resolution, and Technology and Data practices.

 

References

Counsel to Nordea Mortgage Bank in connection with the update of its €25,000,000,000 Covered Bond Programme.

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com

Counsel to Nordea Bank Abp in connection with the update of its U.S.$25,000,000,000 Global Medium-Term Note Programme.

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com

Counsel to Nordea Bank Abp in connection with the update of its €50,000,000,000 Euro Medium Term Note Programme.

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com

Counsel to OP Corporate Bank plc in connection with various issues under its EMTN Programme.

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com

Counsel to Nordea Bank Abp in connection with various issues under its GMTN and EMTN Programmes.

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com

Counsel to the joint lead managers with the several issues of the Republic of Finland’s Serial Bonds.

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Linda Launonen

Linda Launonen

Associate | Helsinki
linda.launonen@hannessnellman.com

Counsel to OP Mortgage Bank in connection with its issue of EUR 1,000,000,000 5.5-year Finnish Green Covered Bonds under its EMTCN Programme.

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com

Counsel to Finnish Customs in the public procurement of bitcoin brokerage services. The assignment is related to the Finnish Government’s decision to sell the Bitcoins and other cryptocurrencies seized by Finnish Customs and allocate a significant share of the additional revenue to support Ukraine in the current war.

Outi Jousi

Outi Jousi

Counsel | Helsinki
outi.jousi@hannessnellman.com
Jesper Nevalainen

Jesper Nevalainen

Partner | Helsinki
jesper.nevalainen@hannessnellman.com
Anna Mäkinen

Anna Mäkinen

Associate | Helsinki
anna.makinen@hannessnellman.com
Eeva Tiainen

Eeva Tiainen

Associate | Helsinki
eeva.tiainen@hannessnellman.com
Jari Tukiainen

Jari Tukiainen

Specialist Partner | Helsinki
jari.tukiainen@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com
Antti Kuha

Antti Kuha

Partner | Helsinki
antti.kuha@hannessnellman.com
Stefan Stellato

Stefan Stellato

Managing Associate | Helsinki
stefan.stellato@hannessnellman.com

Counsel to various crypto currency service providers regarding their regulatory obligations in Finland.

Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com

Counsel to OP Corporate Bank plc in connection with the update of its €20,000,000,000 Euro Medium Term Note Programme, 2021.

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Linda Launonen

Linda Launonen

Associate | Helsinki
linda.launonen@hannessnellman.com

Counsel to OP Mortgage Bank in connection with its issue of EUR 750,000,000 10-year Finnish Green Covered Notes under the EMTCN Programme, 2021.

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com

Counsel to BNP Paribas in LocalTapiola Finance’s EUR 592 million public securitisation of a portfolio of Finnish consumer auto hire purchase contracts, 2021.

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Associate | Helsinki
pauliina.sutinen@hannessnellman.com

Counsel to Nordea Bank Abp in connection with the update of its U.S.$25,000,000,000 Global Medium-Term Note Programme, 2021  .

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com

Counsel to Nordea Bank Abp in connection with the update of its €50,000,000,000 Euro Medium Term Note Programme, 2021.

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com

Counsel to OP Mortgage Bank in connection with the update of its €10,000,000,000 Euro Medium Term Retained Covered Note Programme, 2021.

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com

Counsel to the joint lead managers with the several issues of the Republic of Finland’s Serial Bonds, 2021.

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Linda Launonen

Linda Launonen

Associate | Helsinki
linda.launonen@hannessnellman.com

Counsel to Nordea Bank Abp in connection with its issues under its GMTN and EMTN Programmes, 2021. 

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com
Senni Mäki-Hallila

Senni Mäki-Hallila

Associate | Helsinki
senni.maki-hallila@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Associate | Helsinki
pauliina.sutinen@hannessnellman.com
Linda Launonen

Linda Launonen

Associate | Helsinki
linda.launonen@hannessnellman.com

Counsel to OP Mortgage Bank in connection with the update of its €20,000,000,000 Euro Medium Term Covered Note Programme, 2021.

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Senni Mäki-Hallila

Senni Mäki-Hallila

Associate | Helsinki
senni.maki-hallila@hannessnellman.com
Linda Launonen

Linda Launonen

Associate | Helsinki
linda.launonen@hannessnellman.com

Parties

Aktia Bank Plc

Transaction

Aktia Bank Plc issue of Additional Tier 1 unsecured fixed to fixed rate Finnish law notes of EUR 60 million on 26 May 2021

Deal Value

EUR 60 million

Role

Counsel to Aktia Bank Plc

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Associate | Helsinki
pauliina.sutinen@hannessnellman.com
Annemari Rosi

Annemari Rosi

Senior Associate | Helsinki
annemari.rosi@hannessnellman.com

Counsel to OP Corporate Bank plc in connection with the update of its €20,000,000,000 Euro Medium Term Note Programme, 2021.

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com

Finnish counsel to Brite AB.

Jari Tukiainen

Jari Tukiainen

Specialist Partner | Helsinki
jari.tukiainen@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Associate | Helsinki
pauliina.sutinen@hannessnellman.com

Counsel to various UK based banks, fund managers and investment firms as well as Nordic and international entities on their Brexit planning in Finland and Sweden

Jari Tukiainen

Jari Tukiainen

Specialist Partner | Helsinki
jari.tukiainen@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com
Senni Mäki-Hallila

Senni Mäki-Hallila

Associate | Helsinki
senni.maki-hallila@hannessnellman.com

Counsel to various UK based investment firms and banks on applying for post-Brexit authorisation from the Finnish Financial Supervisory Authority.

Jari Tukiainen

Jari Tukiainen

Specialist Partner | Helsinki
jari.tukiainen@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com
Senni Mäki-Hallila

Senni Mäki-Hallila

Associate | Helsinki
senni.maki-hallila@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Associate | Helsinki
pauliina.sutinen@hannessnellman.com

Counsel to various alternative investment fund managers on Finnish and Swedish licencing applications and notification requirements, and assisted in their licence or notification processes with the Finnish and Swedish Financial Supervisory Authority

Jari Tukiainen

Jari Tukiainen

Specialist Partner | Helsinki
jari.tukiainen@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com
Senni Mäki-Hallila

Senni Mäki-Hallila

Associate | Helsinki
senni.maki-hallila@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Associate | Helsinki
pauliina.sutinen@hannessnellman.com

Counsel to a Swedish credit institution on the implementation of changes to the regulatory treatment of non performing exposures.

Finnish counsel to Nordax Bank AB (publ).

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Associate | Helsinki
pauliina.sutinen@hannessnellman.com
Matias Moberg

Matias Moberg

Senior Associate | Helsinki
matias.moberg@hannessnellman.com
Senni Mäki-Hallila

Senni Mäki-Hallila

Associate | Helsinki
senni.maki-hallila@hannessnellman.com

Counsel to an international firm with launching its consumer credit business in Sweden including ownership and management assessments, and the various documentation necessary for regulatory approvals.

Finnish netting counsel to ISDA.

Finnish counsel to CLS.

Jari Tukiainen

Jari Tukiainen

Specialist Partner | Helsinki
jari.tukiainen@hannessnellman.com
Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com

Counsel to the Finnish State Treasury on financial regulatory and documentation issues.

Finnish and Swedish counsel to SIX x-clear Ltd in their entry to the Nordic market as a central clearing counterparty for NASDAQ OMX originated trades.

Counsel to Euroclear SA/NV on Finnish banking and financial regulatory matters.

Parties

YIT Corporation, Ålandsbanken

Transaction

YIT and Ålandsbanken entered into an agreement to establish a joint venture company for housing investments

Deal Value

EUR 112 million

Role

Counsel to YIT Corporation

Tapio Teräkivi

Tapio Teräkivi

Partner | Helsinki
tapio.terakivi@hannessnellman.com
Sten Olsson

Sten Olsson

Partner | Helsinki
sten.olsson@hannessnellman.com
Olli-Pekka Veranen

Olli-Pekka Veranen

Specialist Partner | Helsinki
olli-pekka.veranen@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com

Parties

Nordea Bank Abp

Transaction

Nordea Bank Abp's issue of U.S.$1,250,000,000 Perpetual Non-Call March 2026 Additional Tier 1 Conversion Notes under the U.S.$25,000,000,000 Global Medium Term Note Programme in March

Deal Value

USD 1,250,000,000

Role

Counsel to Nordea Bank Abp

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Lauri Marjamäki

Lauri Marjamäki

Senior Associate | Helsinki
lauri.marjamaki@hannessnellman.com

Parties

Danica Pension A/S (Seller), Dancia Pension Försäkringsbolag AB (Target), Unigestion (Bidder), Acathia Capital GmbH (Bidder), Polaris Private

Transaction

A consortium consisting of Polaris, Acathia, Unigestion, and other co-investors has acquired Danica Pension Försäkringsaktiebolag (publ)

Deal Value

SEK 2.6 billion

Role

Counsel to Unigestion

Claes Kjellberg

Claes Kjellberg

Partner | Stockholm
claes.kjellberg@hannessnellman.com
Carolina Wahlby

Carolina Wahlby

Specialist Partner | Stockholm
carolina.wahlby@hannessnellman.com

Parties

Nordea Bank Abp

Transaction

Nordea Bank Abp's establishment of its €50,000,000,000 Euro Medium Term Note Programme

Deal Value

EUR 50,000,000,000

Role

Counsel to Nordea Bank Abp

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Janne Veneranta

Janne Veneranta

Managing Associate | Helsinki
janne.veneranta@hannessnellman.com

Parties

Nordea Bank Abp

Transaction

Nordea Bank Abp's establishment of its USD 25,000,000,000 Global Medium-Term Note Programme

Deal Value

USD 25,000,000,000

Role

Counsel to Nordea Bank Abp

Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Janne Veneranta

Janne Veneranta

Managing Associate | Helsinki
janne.veneranta@hannessnellman.com

Advice in connection with the issuance of Tier 1 and Tier 2 capital base instruments to be issued by Hoist Finance and other regulated entities.

Parties

Telia Company (Buyer), AinaGroup Oyj (Seller), AinaCom Oy (Target)

Transaction

Telia Company’s acquisition of AinaCom Oy from AinaGroup Oyj

Deal Value

Value not public

Role

Counsel to Telia Company

Heidi Haanpää

Heidi Haanpää

Partner | Helsinki
heidi.haanpaa@hannessnellman.com
Outi Raitasuo

Outi Raitasuo

Partner | Helsinki
outi.raitasuo@hannessnellman.com
Riikka Kuha

Riikka Kuha

Senior Associate | Helsinki
riikka.kuha@hannessnellman.com
Kaisa Himmanen

Kaisa Himmanen

Associate | Helsinki
kaisa.himmanen@hannessnellman.com
Jenni Heurlin

Jenni Heurlin

Senior Associate | Helsinki
jenni.heurlin@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com

Parties

Commonwealth Bank (Seller), Colonial First State Global Asset Management (Target), Mitsubishi UFJ Trust and Banking Corporation (Buyer)

Transaction

Commonwealth Bank's sale of its global asset management business, Colonial First State Global Asset Management (CFSGAM), to Mitsubishi UFJ Trust and Banking Corporation

Deal Value

AUD 4.1 billion

Role

Counsel to Commonwealth Bank

Johan Aalto

Johan Aalto

Partner | Helsinki
johan.aalto@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com
Jari Tukiainen

Jari Tukiainen

Specialist Partner | Helsinki
jari.tukiainen@hannessnellman.com

Counsel to Victory Park Capital Advisors, LCC in connection with their financing of a Swedish payment service provider.

Counsel to BlackRock on Finnish banking and financial regulatory matters.

Counsel to Australia and New Zealand Banking Group Limited on Finnish financial regulatory matters.

Counsel to Bank of America Merrill Lynch on Finnish financial regulatory matters.

Recent Blog Posts


Main Contacts

Sanna Boow

Counsel | Helsinki
+358 9 2288 4420
sanna.boow
@hannessnellman.com

Henrik Mattson

Partner | Helsinki
+358 9 2288 4285
henrik.mattson
@hannessnellman.com

Joel Montin

Counsel | Stockholm
joel.montin
@hannessnellman.com

Fredrik Olsson

Managing Partner | Stockholm
fredrik.olsson
@hannessnellman.com

Christoffer Saidac

Partner | Stockholm
christoffer.saidac
@hannessnellman.com

Jari Tukiainen

Specialist Partner | Helsinki
+358 9 2288 4215
jari.tukiainen
@hannessnellman.com

Team

Rezan Akkurt

Rezan Akkurt

Associate | Stockholm
rezan.akkurt@hannessnellman.com
Sanna Boow

Sanna Boow

Counsel | Helsinki
sanna.boow@hannessnellman.com
Albert Danielsson

Albert Danielsson

Senior Associate | Stockholm
albert.danielsson@hannessnellman.com
Emma Greiff

Emma Greiff

Associate | Stockholm
emma.greiff@hannessnellman.com
Linda Launonen

Linda Launonen

Associate | Helsinki
linda.launonen@hannessnellman.com
Marcus Lehtinen

Marcus Lehtinen

Associate | Helsinki
marcus.lehtinen@hannessnellman.com
Henrik Mattson

Henrik Mattson

Partner | Helsinki
henrik.mattson@hannessnellman.com
Joel Montin

Joel Montin

Counsel | Stockholm
joel.montin@hannessnellman.com
Senni Mäki-Hallila

Senni Mäki-Hallila

Associate | Helsinki
senni.maki-hallila@hannessnellman.com
Fredrik Olsson

Fredrik Olsson

Managing Partner | Stockholm
fredrik.olsson@hannessnellman.com
Christoffer Saidac

Christoffer Saidac

Partner | Stockholm
christoffer.saidac@hannessnellman.com
Pauliina Sutinen

Pauliina Sutinen

Associate | Helsinki
pauliina.sutinen@hannessnellman.com
Jari Tukiainen

Jari Tukiainen

Specialist Partner | Helsinki
jari.tukiainen@hannessnellman.com
Elisa Viiri

Elisa Viiri

Associate | Helsinki
elisa.viiri@hannessnellman.com