We have a leading specialist Financial Regulation practice with extensive experience and expertise advising on regulatory issues affecting:
- building and friendly societies
- insurers and reinsurers
- asset managers, brokers, advisers and other investment firms
- mortgage firms and other commercial lenders
- payment service providers and e-money institutions
- clearing houses, exchanges and other trading platforms
- rating agencies
- those operating at the perimeter of the financial services sector
We advise financial and non-financial sector businesses on the full life-cycle of business and product developments, in both domestic and cross-border contexts, including:
- the establishment of new financial services businesses
- mergers, acquisitions and reorganisations in the financial services sector
- insurance and banking business transfer schemes
- the structuring and distribution of new and innovative products for both wholesale and retail markets
- regulatory capital arrangements
- financial e-commerce, payment, and mobile banking services, including innovation in the Fintech sector
- outsourcing arrangements
- the impact of UK, EU and other international regulatory reform projects and developments in the law and market practice
- UK and EU securities law and marketing regimes
- market conduct issues
- the international anti-money laundering and sanctions regimes
- regulatory investigations and disciplinary proceedings
We are working with clients across all sectors to navigate their way through the post-Brexit landscape over the coming months and years.
We spend a proportion of our time in Brussels, where we monitor and advise on EU financial regulatory developments, engage with a network of financial regulatory contacts in European institutions and assist with lobbying efforts.
Our broad experience and regulatory skillset enable us to provide first-class insight, support and advice on the regulatory aspects of financial services transactions and to find practical solutions to the regulatory issues that our clients face.
Many of our projects are international and we work closely with leading local counsel who have some of the most highly regarded financial services lawyers in Europe, the US and Asia, as well as strong relationships with local regulators.
Our practice forms part of the firm’s Financial Institutions Group comprising corporate and financing lawyers as well as lawyers from specialist departments.
Slaughter and May's strength is without a doubt the intelligence and depth of subject matter expertise of their lawyers. Chambers UK, 2018View all Financial Regulation media comments
Our key experience includes advising:
A number of banking groups in relation to banking structural reforms, including the ring-fencing regime.
UK Asset Resolution Limited (UKAR), the single holding company for Northern Rock (Asset Management) plc and Bradford & Bingley plc, in connection with the sale of Northern Rock plc by HM Treasury and on the sale to Cerberus Capital Management of a £13bn asset portfolio comprising performing and non-performing residential mortgages and unsecured loans from the legacy book of the former Northern Rock mortgage business.
HM Treasury on legal aspects of the Help to Buy: ISA Scheme announced in the March 2015 Budget and launched on 1 December 2015 and on certain servicing arrangements relating to the operation of that Scheme.
Intercontinental Exchange, Inc. (ICE) in relation to its possible public offer for London Stock Exchange Group plc.
Banco Santander on a pan-European and global asset management joint venture with leading global private equity firms Warburg Pincus and General Atlantic.
Catlin Group limited on the acquisition of it by global insurer and reinsurer, XL Group plc.
A number of multi-national clients in relation to the UK, EU and US economic and trade sanctions regime.