Herbert Smith Freehills LLP‘s client roster comprises many of the best known financial institutions across the globe. Operational resilience, consumer duties and market disclosures are just some of the core areas of focus for the firm. Lauded expert Jenny Stainsby heads up the global financial services regulatory offering, with Hywel Jenkins taking the lead in London. The team has ’seen it all before from both sides‘, and fields numerous practitioners with experience working for major domestic and overseas regulators, including Karen Anderson. Chris Ninan primarily acts on FCA and PRA enforcement actions, while Susannah Cogman operates at the intersection between regulatory obligations and criminal law. Andrew Procter now acts as a consultant for the department. In other team news, Jon Ford made partner in May 2023.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘Very knowledgeable and experienced. Seen it all before from both sides.’
'Hywel Jenkins - he's very pragmatic; good market insight into what regulators' priorities are; provides sensible commercial advice; deep understanding of the financial services industry.'

Key clients

TSB Bank plc

Work highlights

Advised TSB Bank on the resolution of investigations brought by the FCA and PRA arising out of the migration of TSB's customer data to a new platform.
Acted on behalf of a guarantor lender in an investigation by the FCA into the lender’s assessment of creditworthiness and affordability, as well as customer complaints handling.
Advised a number of banks on individual accountability issues arising out of risk management failures, including potential disciplinary consequences, conduct rules, fitness and propriety, and regulatory references.

Lawyers

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