Walkers' Regulatory team advises banks, insurers and other regulated financial institutions and entities on all aspects of financial services regulation in the Cayman Islands and British Virgin Islands. The Regulatory team focuses on regulatory compliance, including advising and assisting with respect to applications for banking licences, securities investment business licences and insurance licenses (as well as subsequent amendments or cancellations of existing licences) and the regulatory implications of bank mergers, acquisitions and reorganisations. The team has an active advisory practice, and regularly advises regulated financial services institutions on the interpretation and application of regulatory rules, policies and procedures as well as statements of principle and guidance issued by the Cayman Islands Monetary Authority and the BVI Financial Services Commission, respectively. The Regulatory team expands the resources of Walkers' market leading Banking team, which acts for the world's leading financial institutions on a range of banking matters.