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.

Published Works

Cryptocurrencies - will regulation create more value?

Society has evolved from the time that people would barter to buy goods and procure services. It was a matter of time before people realised that bartering was not a viable form to...

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Blog Post

Open Banking Mexican style

In 2014 in the UK, at the time the Competition and Markets Authority (CMA) carried out its investigation into the retail banking market, there were around 70 million active personal current ...

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Hogan Lovells Publications

FIG bulletin 20 April 2018

The FIG Bulletin is a weekly regulatory update on the developments in the financial services industry.

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Hogan Lovells Publications

French legal and regulatory update – March 2018

The Paris office of Hogan Lovells is pleased to provide this English language edition of our monthly e-newsletter, which offers a legal and regulatory update covering France and Europe for...

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Hogan Lovells Publications

SFC identifies continued deficiencies in sponsor work

On 26 March 2018, the Securities and Futures Commission (the "SFC") issued a Circular to licensed corporations on expected standards for sponsor work (the "Circular") and a Report on the...

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Blog Post

Prioritising Brexit, continuing to tackle risks and opportunities of new technology: FCA publishes 2018/19 Business Plan

The FCA has published its latest Business Plan, along with its Sector Views document covering all the markets the FCA regulates and providing context for its priorities by giving an overall ...

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