Banking and finance

Fintech start-up builds legal team with first GC

The former general counsel of MarketInvoice Simon Coles has joined fintech start-up Capital On Tap as its first legal head. Capital On Tap provides tech-driven funding facilities to SMEs and enables customers to access instant funding to grow their business. Before his stint as general counsel at cashflow finance provider MarketInvoice, which ended last year, […]

SFO fraud head: ‘DPAs will play a greater role in investigations’

Deferred prosecution agreements (DPAs) will play a greater role in fraud cases in the future, the Serious Fraud Office’s (SFO) fraud head Hannah von Dadelszen told in-house counsel today. Speaking at The Lawyer‘s In-House Financial Services conference in London, von Dadelszen said DPAs were a key tool to enforcement in an increasingly globalised and joined-up […]


Barclays heralds ‘new era’ with final panel review

Marking a significant shift in the way it works with legal suppliers, Barclays has completed its last ever formal review of its law firms worldwide, cutting its roster down from 140 to 100 firms. The new panel will be in place for three years, subject to performance, until 20 June 2021, before Barclays embarks on […]

Sally Dewar

A&O launches new standalone consultancy for ‘logistical’ work

Allen & Overy has further cast its net outside the scope of legal work with the launch of a new regulatory consulting business. The Allen & Overy Strategy Group will exist as a standalone business within A&O’s London office, spearheaded by Sally Dewar, who will be brought over from her current role as head of international regulatory affairs at […]


Cropped shot of a doctor shaking hands with a businessman

Emerging opportunities in CEE healthcare

Central and Eastern Europe’s healthcare industry is fast emerging as an attractive destination for domestic and international investors, says research by Kinstellar and The Lawyer of over 100 corporates, financial investors and advisers active in the healthcare sector.

Irish banks’ toughest test

For Ireland’s banking sector, 2017 could be a significant year. Almost a decade on from the financial crisis Allied Irish Bank (AIB) which – along with Bank of Ireland, is one of the country’s two pillar banks – could return to private ownership in 2017.

Maurice Allen: the exit interview

Serial legal entrepreneur Maurice Allen will retire from Ropes & Gray this year, although he’s widely tipped to emerge at another firm. He talks to The Lawyer editor Catrin Griffiths about a career building some of the City’s most impressive practices.

LMI analysis: Visa

One company reaping the benefits of consumers shifting their spending from cash and cheques to electronic payment is Visa. In addition to generating operating revenue of $13.8bn (£9.4bn) in 2015 – 9 per cent up on the previous year – the financial services company saw a total payment volume of $7.4trn. There were 71 billion […]

Business city

Star legal writers: banking

Gowling WLG: Fraud update: Economic crime; TalkTalk’s cyber attack; the SFO By Andy Petherbridge By Sean O’Toole Crime of failure to prevent economic crime According to the justice minister, the Ministry of Justice has decided against introducing a new criminal offence of failing to prevent an economic crime. He stressed that the principle of corporate criminal liability […]

Featured Briefings

Claims management companies: The new regulatory regime

Walker Morris Banking Litigation partners Louise Power and Rob Aberdein explain the new regulatory regime and the Financial Conduct Authority’s proposals for changes to the regulation of claims management companies across England, Wales and Scotland…

Report of the Independent Review of the FOS is published

By Richard Hayllar On the 12 July 2018, the Financial Ombudsman Service (the FOS) published a report on an Independent Review carried out by Richard Lloyd (former Which? executive). The review was undertaken following the broadcast of the Channel 4 Dispatches programme which set out a number of concerns about the handling of FOS complaints.

Parliamentary group proposes a Financial Services Tribunal

Kevin Hollinrake MP (Co-Chair of the APPG on Fair Business Banking) has published his report titled “Fair Business Banking for All: How to improve access to justice for businesses in financial services disputes” (the Report). Following the APPG’s responses to the FCA’s consultation on expanding the FOS’s jurisdiction (CP18/3), the Report sets out various recommendations […]

Reform of civil forfeiture orders in Jersey

MONEYVAL’s inspection of Jersey’s AML regime in 2015 and its subsequent report issued in May 2016 has focussed the minds of Jersey legislators and regulators to actively prosecute more financial crime and in particular to introduce a non­ conviction based confiscation regime to apply in parallel with the conviction based system…

Welcome guidance on VAT recovery fuelling costs

The state secretary of finance published a decree which covers the question which party is entitled to recover VAT on fuel costs purchased with a fuel card. The decree provides welcome guidance for the automotive practice. A fuel card enables the cardholder to purchase fuel without actually making a direct payment to the gas station…

FCA publishes rules for solo-regulated firms

By Ian Mason, Penny Sanders, Kam Dhillon and Jonathan Chamberlain The Financial Conduct Authority (FCA) has published its near-­final rules and guidance on the Senior Managers & Certification Regime (SMCR). The SMCR will replace the current Approved Persons Regime on 9 December 2019… We focus here on the extension of the SMCR for FCA solo­-regulated firms…

Protecting DB schemes: a stronger Pensions Regulator

The Government made clear in its March 2018 Pensions White Paper that it is committed to ensuring that the Pensions Regulator (Regulator) has the right powers to be able to protect effectively defined benefit pension schemes.  On 29 June 2018 the Department for Work and Pensions (DWP) published a consultation paper setting out the Government’s […]

Using blockchain for land registry

Blockchain is beginning to be increasingly explored by different industries looking to benefit from the accuracy and speed that the technology can offer. We recently looked at the use of blockchain in banking and financial services and how it can enable faster business transactions while reducing back-office processes…

Netherlands: Crowdfunding, regulation and innovation

The crowdfunding sector is growing in The Netherlands. The competent authorities have an essential role to play here to scaling the sector. Marije Louisse (attorney at law and senior associate of the FinTech team at Loyens & Loeff) speaks about the state of crowdfunding and the impact on regulation and innovation in an interview with Holland […]

Busy lenders’ round-up – July 2018

By Richard Hall Welcome to TLT’s busy lenders’ monthly round-up. Each month we summarise the latest news and developments in retail mortgage lending and regulation. This month in summary: News Immigration checks suspended New death notification process Banks forward planning for a ‘cliff-edge Brexit’ Improved protections for customers of claims management companies under new Regulations […]

OECD issues discussion draft with extensive guidance on intragroup financial transactions

On 3 July 2018, the OECD published the long-awaited public discussion draft on financial transactions (the Discussion Draft). The Discussion Draft provides guidance on general pricing issues in relation to intragroup financing, as well as on specific pricing issues regarding cash pooling, hedging transactions, guarantees and captive insurance structures. Although the Discussion Draft is not final […]

Portugal: The Financial Technology Law Review

Recent developments, such as AI and the blockchain and its various applications, such as other tokens (e.g., cryptocurrencies and security tokens) have the potential to disrupt the industry, in at least some of its sectors…

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