Financial Services Regulation and Compliance

Financial services regulation and compliance

For those working in the financial services, the regulatory environment is complex and evolving, with firms having to devote more resource to governance, risk and compliance issues. A steady stream of legislation is creating a changing landscape (EMIR, AIFMD and PSDII being obvious examples) with product design, distribution and competition issues all under increased regulatory scrutiny. At the same time, financial crime and conduct risk issues are generating a raft of enforcement actions and heavy fines from regulators around the world, often working together to tackle issues across global markets.

An expert team

Our multi-disciplinary global team includes leading lawyers, former regulators and specialist compliance experts. Our team works across wholesale and retail markets to provide expert advice on a range of regulatory and compliance issues.

A big team and a very polished team".

Chambers and Partners 2014

We advise asset managers, investment banks, and brokers/agents tackling issues such as fund formation and distribution, financial crime and cross border regulatory investigations. In the retail space we advise banks, retail finance houses, life offices and merchant services providers. We have had large teams working on regulatory and enforcement issues such as PPI, interest rate swaps mis-selling and client assets. We have a market leading consumer credit and payment services team which is at the cutting edge of the technological, commercial and regulatory developments affecting the sector.

Section 166 reviews

We are one of a small number of law firms appointed to the FCA’s skilled persons’ panel to undertake s166 reviews for firms in relation to governance, controls and risk, conduct of business and financial crime issues. We have been involved in investigations, enforcement actions and s166 reviews relating to issues such as PPI, LIBOR, client assets, money laundering controls and investment mis-selling.

Our services

Operations

Support and advisory

Key areas

  • Authorisations and approvals
  • Product design and distribution
  • Financial promotions
  • Policy and procedure reviews
  • Risk framework design and review
  • Implementation of compliance programmes
  • Outsourcing of operations
  • Target operating model design
  • Passporting
  • Project and secondment support
  • Internal investigations
  • Past business reviews
  • Root cause analysis
  • Section 166 reviews
  • Independent audit
  • Regulatory change programmes
  • FCA supervisory visits
  • Preparing SIFs for FCA/PRA interviews
  • Thematic reviews
  • Training and team development
  • FCA conduct regulation
  • Working with the FCA, PRA and FOS
  • Governance and risk management
  • Complaints handling
  • Mis-selling
  • Financial crime
  • Money laundering
  • CASS compliance
  • Product governance and distribution
  • Competition issues
  • Market abuse and insider dealing