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

Strong customer authentication: a matter of opinion

The European Banking Authority (EBA) has issued an Opinion on the regulatory technical standards (RTS) on strong customer authentication (SCA), together with a Consultation Paper on draft...

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Hogan Lovells Publications

FIG bulletin, 15 June 2018

We are delighted to send you our latest e-newsletter, setting out developments from 11th to 15th June 2018.

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Countdown to SMCR: What private equity firms need to know

The FCA has confirmed that the Senior Managers & Certification Regime (SMCR) will be extended to cover all regulated financial firms in mid to late 2019. The new regime will impact...

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Blog Post

ISO 20022: BoE consults on introduction of a common global payments messaging standard

The Bank of England (BoE) has published a consultation paper, 'A Global Standard to Modernise UK Payments', seeking views on its proposed strategy for aligning payment messages across the...

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Hogan Lovells Publications

FIG bulletin, 8 June 2018

We are delighted to send you our latest e-newsletter, setting out developments from 4th to 8th June 2018.

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Hogan Lovells Engage

UK regulator to begin work new global FinTech sandbox

The UK Financial Conduct Authority (FCA) is to begin work on a global 'sandbox' in which FinTech businesses will be able to test their ideas.

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