Supervision

We advise on every aspect of the FSA Handbook of Rules and Guidance from conduct of business rules (including FSA initiatives such as Treating Customers Fairly (TCF)) to capital resource requirements and the discipline and enforcement process. We work closely with dispute resolution lawyers on financial regulatory investigations matters.

We closely monitor the implications for our clients of FSA Handbook amendments and developments, proposed changes in the structure of regulation in the UK and Europe and the many other regulatory policy initiatives which have followed the financial crisis.

As the FSA's principles-based regulatory approach has developed into an 'outcomes based' approach to be delivered through intensive supervision, we have increasingly advised clients on the impact of these changes for their systems and controls. We have a close understanding of how the FSA works and are well equipped to deal with the changes in the FSA's own structure that are now being considered. We are currently heavily involved in advising clients on a range of issues arising out of the credit crunch and the Euro crisis.

Many of our lawyers are experienced in advising on financial crime and regularly act for financial institutions, and other entities, on reviewing their anti-money laundering policies and procedures.

We frequently advise on the impact of EU developments and have assisted many clients on the review and update of their customer documentation following recent regulatory changes.