Regulation Boosts Role Of General Counsel, Report Finds

By William Shaw (September 28, 2017, 3:33 PM BST) -- Tougher global regulations have strengthened the role of top lawyers within banks and insurers and pushed them closer to the heart of corporate power, according to a forthcoming report seen on Thursday.

Britain's impending departure from the European Union, new data rules from Brussels and high-profile corporate scandals are helping to hand power to general counsel at firms in the financial sector, Clyde & Co. LLP and Winmark Ltd., a market research firm, said in a report to be released on Oct. 4.

"Since the financial crash the banking and insurance sectors have been in the regulators' cross hairs," Peter Hirst, co-chairman...

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