Financial Institutions

Our leading Financial Institutions group is at the forefront of helping our clients to navigate the many significant transactional, structural and regulatory developments taking place in the banking, insurance, asset management and market infrastructure sectors.

We have long-standing relationships with our clients in this sector, which include:

  • global and regional banking and investment banking groups
  • insurers and reinsurers
  • insurance intermediaries
  • asset managers
  • market infrastructure operators such as exchanges, settlement systems and central counterparties

We advise financial institutions on:

  • mergers and acquitions
  • financing
  • restructurings
  • the establishment of new businesses
  • complex regulatory matters
  • the full range of business and product developments, in both domestic and cross-border contexts

We also have extensive experience in advising clients in relation to financial regulatory investigations and enforcement action.

Our many years of experience of advising a diverse range of financial institutions, our contact with regulators and our understanding of and insight into the developing approaches to financial regulation around the world, enable us to achieve strategically and commercially pragmatic outcomes for our clients.

This is a period of unprecedented regulatory reform internationally. Our Financial Institutions group continues to be at the cutting edge, highlighting to our clients the strategic implications of the various reforms to their businesses, both within the European Union and outside it.

In addition, with input from our leading Financial Regulation group, we regularly publish updates and critical analysis of UK, and wider European Union and international, regulatory proposals and developments.

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'They are extremely thorough, they leave no stone unturned.' 'Extremely good, thoughtful client service' Chambers UK, 2012

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Our key experience includes advising on:

The consolidation and reorganisation of financial institutions in the context of public and private M&A, including legal and regulatory aspects of the structuring of such transactions.

Restructuring of banking, insurance and asset management groups in response to regulatory change.

Recovery and resolution planning for banking groups.

Regulatory capital raising transactions, the regulatory capital treatment of financial products and the regulatory capital implications of restructurings and risk transfer arrangements.

The establishment of new investment, banking and insurance businesses in the UK and the provision of their services on a cross-border and branch basis.

The financing of financial institutions.

The development of new financial products, including complex derivatives and hedging techniques.

Structured finance transactions.

The regulation of market activities, including market abuse regulation, insider dealing law and other market conduct advice.

The establishment of and advice on new financial product distribution channels, including the use of mobile technologies for payment and investment transactions.

Advice on key outsourcings by financial institutions and co-ordinating the international elements of such projects.

Compliance with relevant regulatory rules, including FCA and PRA, consumer credit, payment services and data protection rules and advice on customer documentation.

The rules and practices of exchanges and other market infrastructure.

The structuring, establishment, promotion and administration of investment funds of all types in the UK and other major fund jurisdictions around the world.

The application of the anti-money laundering and terrorist financing regimes, including advice on possible breaches of international sanctions.

Advice on the development of EU legislation and policy relating to financial institutions of all types.

Our clients include:

  • American Express
  • Aviva
  • Barclays
  • Close Brothers Group
  • Deutsche Bank
  • Direct Line Group
  • Euroclear
  • Fidelity Investments
  • GE Capital
  • Legal & General
  • Moody's
  • NYSE Euronext
  • UK Post Office
  • Prudential
  • RSA Insurance Group
  • Resolution
  • Santander Group
  • Standard Chartered Group
  • Standard Life
  • the UK Government and the Governments (or government agencies) of Ireland, Portugal and Greece