Financial Regulatory Investigations

We are frequently involved in groundbreaking initiatives in the financial regulatory area: we handled the first mediation with the FSA under the Financial Services and Markets Act 2000, and were heavily involved in the highly-publicised attempted multi-party settlement of the numerous firms and individuals operating in the split capital investment trust sector.

Recently we have been advising on FSA enforcement actions and overseas regulator-initiated investigations in relation to issues at the forefront of the FSA's regulatory focus (for reasons of confidentiality, we are unable to provide details of specific matters):

• insider dealing and market abuse (including in relation to market announcements)
• TCF, for example in the context of the handling of customer complaints about bank charges
• systems and controls issues in respect of combating financial crime

We are also involved in assisting and advising clients on cross-border investigations where it is particularly important to ensure that the client's response to regulatory action or proceedings is consistent and well co-ordinated in all relevant jurisdictions.