A banking and finance practice within a private law firm can represent a wide spectrum of clients in the financial and commercial areas, including banks, bank holding companies, and clients with banking affiliations. These attorneys have substantial knowledge in state and federal banking regulation, enforcement actions, tax law, bank mergers and acquisitions, bankruptcy, commercial paper, secured financing, real estate and Uniform Commercial Code matters. Lawyers with this expertise are also found within the banking institutions themselves in a corporate setting. This practice area is largely transactional, and overlaps with many other areas of law. The banking and financial industry is heavily regulated, at the federal and state level, so many attorneys are needed in compliance work, and occasionally administrative law matters.