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

The final brick in the wall – the Bank of England and the PRA publish consultations on the Resolvability Assessment Framework

Ten years on from the collapse of the Lehman Group, authorities around the globe are steadily implementing bank resolution and recovery measures to ensure that in the future banks can fail...

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Hogan Lovells Publications

FIG Bulletin, 14 December 2018

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

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Blog Post

Brexit: Prepare for the worst and hope for the best: Implications for banking, payments and consumer finance products

To ensure the financial system continues to work effectively if there is a "hard Brexit" HM Treasury has been finalising a series of statutory instruments which will ensure there is a...

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Blog Post

And who are you? EBA Opinion on the use of eIDAS certificates under PSD2

The EBA has published an Opinion dated 10 December 2018 on the use of eIDAS certificates under PSD2. The EBA has taken the step to issue an Opinion to ensure consistent implementation as...

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Blog Post

It's just around the corner - Further steps along the journey to developing a compliant dedicated interface

On 4 December the EBA published its Final Report on the Guidelines on the conditions to benefit from an exemption from the contingency mechanism under Article 33(6) of the RTS on SCA &...

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