Jonathan Chertkow

Jonathan Chertkow


Email [email protected]​

Phone +44 20 7296 2191

Fax +44 20 7296 2001


Practice groupGlobal Regulatory

"Jonathan Chertkow is a well-regarded payments regulatory specialist with experience advising major banks."

Chamber UK 2020

Jon is a partner in the Financial Services team. He helps banks, consumer finance firms, payment service providers and FinTechs navigate the ever-changing regulatory environment and manage risk. Using industry and regulatory knowledge built up over nearly 20 years working in this sector, Jon helps clients innovate through new products or new operations, carry out compliance audits of their existing business and engage with regulators and customers. Clients recognise him as "a go-to person to launch a complex or different product, particularly in the digital environment" (Chambers UK 2020)

Jon also brings his regulatory and industry knowledge to assist clients in entering into strategic outsourcing agreements and M&A activity, including strategic investments, loan portfolio acquisitions and disposals and Part VII banking transfers. His understanding of the day-to-day regulatory requirements means that he can bring commercial solutions to the deal, helping clients identify, quantify and mitigate risks.

Jon advises on issues arising under sector specific regulations, including the Consumer Credit Act, the Payment Services Regulations, E-money Regulations, BCOBS, CONC and MCOB, as well as the impact of unfair terms, consumer rights, data privacy and AML in the financial services sector. In addition, Jon advises on new technologies, including digital currencies and blockchain and frequently works with colleagues around the world to assist clients who operate across jurisdictions in understanding the latest regulatory trends in relevant jurisdictions.

Jon is ranked for both consumer finance and payments by Chambers UK. "His technical skills are exceptional, his industry knowledge is outstanding and he comes up with good, workable solutions." Chambers UK, 2020

Awards and recognitions


Consumer Finance
Chambers UK


Financial Services: Payments Law
Chambers UK

Education and admissions


B.A., University of Oxford, Pembroke College, 2000

Representative experience

Advised a number of banks on the implementation of PSD2. 

Advised two large banking clients on carrying out audits of consumer credit compliance.

Advised two high street banks on the urgent launch of their Bounce Back Loan Scheme products.

Advised a US investment bank on various strategic investments in regulated Fintech businesses.

Acting for a number of financial institutions on various loan portfolio acquisitions and disposals.

Advised a private equity fund on a joint venture and co-funding arrangement for a UK equity release and life time mortgage business.

Advised a number of corporate banks on their banking, liquidity and cash management products including corporate deposit terms; Vostro account terms; and FX processes.

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