Practice

Financial Services

The pace of change in financial services continues. Consumer habits are changing, financial technology is altering service delivery, and regulation is responding and evolving. To stay ahead of the pack you need lawyers who are always learning about the latest developments, leading debate on new regulation, and constantly adapting to change.

Representative experience

Advised Erste Abwicklungsanstalt on its €71bn acquisition of assets from WestLB.

Advised TSB Bank plc on the acquisition of £3.3bn of former Northern Rock mortgages and loans from Cerberus Capital Management group.

Advised The London Metal Exchange on the establishment of LME Clear, an EMIR-compliant metal derivatives CCP.

Advised Tesco Bank on the launch of a current account, an important market development challenging the dominance of the high street banks in the UK current account sector.

Advised Citigroup on the implementation of the EU's Markets in Financial Instruments Directive (MiFID) and its effect on their contract terms.

Advised BlackRock on separate outsourcings of global custody, fund accounting and transfer agency services to State Street, JPMorgan, Investment Bank and Trust, and Citibank.

Advised Paypal on all aspects of its China business, including making the first ever application by a non-Chinese company for a payments license to the Chinese central bank.

Advised an online bank in relation to its terms and conditions, website structure, data collection mechanisms, and the data protection implications of sharing data.

Advised BancAlliance and Fundation on their partnership to bring a new small business lending technology solution to over 200 community banks in the U.S.

Provided monitoring, advocacy, coalition building/leadership, and technical support on many aspects of the Dodd-Frank Act and on other significant financial legislation.

Blog Post

PSD2: UK Finance, FDATA, EMA and techUK publish voluntary guidelines for transitional period

UK Finance, the Financial Data and Technology Association (FDATA), the Electronic Money Association (EMA) and techUK have produced a set of voluntary guidelines and encouraged market...

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Blog Post

FCA consultation on the fairness of variation terms in consumer contracts under the Consumer Rights Act 2015

The FCA has published a consultation which contains draft guidance on the fairness of variation terms under the Consumer Rights Act 2015 (the "CRA") and the Unfair Terms in Consumer...

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Hogan Lovells Publications

FIG bulletin, 18 May 2018

We are delighted to send you our latest e-newsletter, setting out developments from 14th to 18th May 2018.

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Blog Post

Mortgage Market Study – a softening of the FCA's approach to mortgage advice?

On 4 May 2018, the FCA published an interim report (MS16/2.2) on its mortgage market study. The study, launched in December 2016, focuses on the first charge residential mortgage market and ...

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Press Releases

Financial services industry challenges ahead: Impacts of CFPB, cryptocurrency, sanctions, and litigation

At Hogan Lovells Financial Services Litigation Roundtable on 2 May 2018, our lawyers discussed some of the most prominent trends impacting financial service providers around the globe.

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Hogan Lovells Publications

FIG Bulletin, 11 May 2018

We are delighted to send you our latest e-newsletter, setting out developments from 7th to 11th May 2018.

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