Regulatory enforcement
Regulatory interventions, investigations and enforcement action pose a significant risk to the life of any firm and its senior management.
Our Contentious Regulatory team includes former enforcement lawyers and a legal adviser to the Regulatory Decisions Committee.
Our team has successfully concluded enforcement investigations with no further action, private warnings and on terms acceptable to our clients.
We're able to help you mitigate undue damage to your brand, unnecessary expense and burden on management time. It also means we can set the tone for positive future relationships with the regulators, such as the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), Lloyd's of London. Also the Securities and Futures Commission of Hong Kong (SFC), the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS) as well as other overseas regulators.
We frequently advise firms and senior managers in the insurance, wealth and asset management, banking and benchmarking sectors, as well as the listed markets.
For out of hours advice and/or representation at a regulatory enforcement interview or raid, please contact Jonathan Cary on +44 20 3060 6418.
Where we need to work alongside lawyers in other jurisdictions, we are part of the TerraLex network and have access to over 150 law firms in 100 jurisdictions across the globe.
Examples of work
Representing a second charge loan and insurance intermediary in a significant FCA enforcement investigation into systematic failures (alleged Prin 3 and 6 breaches) to manage PPI complaints
Defending a LIBOR fixed in FCA and related US Department of Justice and Serious Fraud Office regulatory enforcement and criminal investigations and proceedings
Representing the CEO of a Building Society during an enforcement investigation into the senior management of the society during the financial crisis. The investigation concluded with no further action
Representing a senior claims executive in an enforcement investigation conducted by external counsel instructed by Lloyd's of London. The investigation concluded with no further action
Representing the directors of an insurance company under investigation by the Financial Services Commission of Gibraltar during a negotiated settlement
Advising an insured client in respect of regulatory investigations carried out by the Hong Kong Stock Exchange and Securities and Futures Commission (SFC) arising out of false statements in IPO documents