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.

Hogan Lovells Publications

FIG Bulletin, 14 September 2018

We are delighted to send you our latest e-newsletter, setting out developments from 10th to 14th September 2018.

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Blog Post

HMT looks to create payments parachute for a cliff-edge Brexit

HM Treasury's draft Brexit Regulations for UK payment services and e-money activity aim to soften the practical impact of the EEA suddenly becoming, to all intents and purposes, a third...

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Hogan Lovells Publications

FIG Bulletin, 7 September 2018

We are delighted to send you our latest e-newsletter, setting out developments from 3rd to 7th September 2018.

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Blog Post

Extending PRIN and BCOBS to payment services and e-money: a question of enforcement?

The FCA is proposing to bring payment services and e-money within the scope of the Principles for Businesses (PRIN) and provisions relating to communication standards under the Banking...

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Hogan Lovells Publications

FIG Bulletin, 31 August 2018

We are delighted to send you our latest e-newsletter, setting out developments from 27th to 31st August 2018.

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Blog Post

U.S. Treasury FinTech report: Regulation in need of extensive changes

The U.S. Department of Treasury's recent report on FinTech regulation and innovation generally finds that while financial institutions and tech firms have embraced the shift to digital...

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