Financial services
We’re trusted counsel on conduct and prudential matters to financial services and market participants, including manufacturers, distributors and purchasers of financial products and suppliers of associated technologies and other services. Our clients include established institutions and participants, and new entrants to financial services markets.
Sectors in which our clients operate include banking, capital markets, consumer credit, fintech, financial services assets, funds and investment management, life and non-life insurance, private equity, payment services and electronic money.
Our work covers the income / capital-generating (e.g. customer-facing) activities of firms, as well as their ‘own account’ issues, and all the associated commercial and corporate operations in both cases. Any of these may have implications for firms’ conduct, capital, operational resilience and regulator relationships. We handle arbitration and litigation involving financial services firms and advise on the regulatory ramifications.
We also advise on environmental, social and governance (ESG) sustainability and responsibility matters, which are increasingly subject to regulatory requirements and investor demands.
Clients’ income / capital-generating activities on which we advise include acting for UK banking groups on commercial loan transactions, and acting for private equity investors.
Working closely with clients’ compliance, legal and risk teams, we have extensive experience in advising on own account issues for financial services clients, addressing issues across the spectrum of regulatory supervision and enforcement processes and procedures, including the ‘controllers’ (change in control) regime, investigations and notifications, the ‘senior managers and certification regime’ (SMCR), ‘Solvency II’, ‘skilled person’ reports, and whistleblowing.
Featured experience
Banking
We represent a major challenger bank on its HR and employment issues, and have also advised on enhancing its senior employee risk management programme, including via its UK D&O coverage.
Consumer credit
We advised a household-name consumer goods business on a strategic project to distribute, as an appointed representative, credit products alongside sales of goods. This was a significant new departure for the client and involved extensive work on policies and procedures, including as to contractual governance, financial promotions and IT systems and controls, and customer-facing documents.
Fintech
We have advised an innovative high-growth payment institution about the impact of the safeguarding regulations on its novel business model and assisted it with relevant elements of its FCA authorisation application.
FS assets, funds and investment sectors
We advised a leading supplier of IT-based analytics for fund performance on its contractual terms with an authorised investment manager, protecting commercial rights and interests but without risking any undertaking of regulated activity.
Related products, services and sectors
Key contacts
Jonathan Newbold
Partner
Helen Simm
Partner
Jeremy Irving
Partner
Jon Snade
Partner
Gareth Davies
Partner
Emma Hinton
Partner
Latest insights and events
Published Article
The three peaks of customer protection: How ‘operational resilience’ enables compliance with the ‘Consumer Duty’ and ‘Vulnerable Customers’
Legal Update
Fraud Strategy: Stopping Scams and Protecting the Public
Legal Update
The House of Lords Fraud Act 2006 and Digital Fraud Select Committee Report
Legal Update
Sanctions round-up - May 2023
Legal Update
SFO secures first conviction for individual connected to Deferred Prosecution Agreement
Legal Update
Fraud – early success for the SFO
Legal Update - Financial Crime Watch
Financial Crime Watch - May 2023
Legal Update
MiCA: The Comprehensive Crypto Regulation Set to revolutionise the EU
Legal Update - ESG in 3D
ESG in 3D - April 2023 (Edition 2)
Legal Update - ESG in 3D
ESG in 3D - April 2023 (Edition 1)
Press Release
Browne Jacobson strengthens its Banking practice with two Birmingham appointments
Legal Update - ESG in 3D
ESG in 3D - March 2023 (Edition 3)
Press Release
Apiary Capital backed Radiant Financial Group advised by Browne Jacobson on new debt facility to fund growth strategy
Legal Update - ESG in 3D
ESG in 3D - March 2023 (Edition 2)
Legal Update - ESG in 3D
ESG in 3D - March 2023 (Edition 1)
Legal Update
“Being on display in a zoo” is oppressive for luxury flat owners as the Tate Modern is found to be liable in nuisance
Legal Update
Court of Appeal considers law and jurisdiction clause within suite of multi-risk policies across Gulf jurisdictions
Legal Update
Green Leases for the NHS
Legal Update
California bomb cyclone set to ‘to exceed $1bn’ in storm damage costs
Legal Update
Systemic Event Risks: the need for a customer-centric approach to policy drafting
Legal Update
The rising number of cyber-attacks
Legal Update
Out of this world insurance – proposed changes to orbital liability and insurance
Legal Update
The continued threat of piracy in Southeast Asian waters
Legal Update
(Another) case on the importance of clear drafting
Legal Update - The Word
The Word, January 2023
Press Release
Insurance claims frequency and severity set to increase in 2023, according to leading law firm Browne Jacobson
Legal Update
Insurance Insights 2023
Press Release
Browne Jacobson's London FinTech team celebrate new Chambers 2023 rankings
Legal Update
Banking Transaction Updates - January 2023
Press Release
Manchester dealmakers advise Maven Capital Partners on £1m investment in fintech disruptor Nivo Solutions
Published Article
Consumer duty part 3 - 'The drill-down' into the 'cross-cutting' rules
Legal Update
Code of Conduct for ESG data and ratings providers – bridging the authenticity gap
Legal Update - ESG in 3D
ESG in 3D, December 2022
Legal Update
COP15: The most important unknown summit?
Legal Update
Long live king coal?
Legal Update
Code of Conduct for ESG data and ratings providers
Legal Update
All the pieces of the conduct puzzle: Governance, culture, D&I, innovation
Legal Update
Voluntary offset markets for carbon – a bad atmosphere?
Published Article
Starling Bank employment tribunal
The outcome of the Employment Tribunal claim brought by Gulnaz Raja against Starling Bank Limited (1) (Starling), and Matthew Newman (2) was reported last month.
