Panoramic: Automotive and Mobility 2025
Representative experience
Advised Goldman Sachs on establishing Marcus, the UK digital retail bank, including assisting with the regulatory approval process, policies and procedures, and producing customer documentation.
Advised a global online e-commerce platform in obtaining authorisation with the FCA for carrying out credit broking activities in the UK and advising on new arrangements for the launch of a cobrand credit card.
Advised a global financial institution in successfully obtaining a variation of permission to launch a now well-established digital retail bank. We supported the client with insightful guidance and assisted with the design and drafting of a comprehensive regulatory business plan.
Advised on the establishment and authorisation of a repo / securities lending and total return swap multilateral trading facility (MTF). Supported through the authorisation process, including policy and process design, and advice on a wide range of regulatory requirements including MTF-specific platform requirements.
Advised a leading European investment group, already authorised by the FCA on widening the scope of their investment activities, through a variation of permission. We provided extensive support in the design and drafting of the regulatory business plan to explaining all the changes clearly which resulted in minimal regulatory scrutiny following submission and a successful application.
Provided full scope support to a client with a UK change in control process, including preparing all required forms and documentation, and advising the client on the level of detail and content to include. This was achieved through project managing the overall process clearly and minimising the effort required by the client to achieve a successful submission.
Delivered clear and considered support to a client for the UK change in control notification of a complex multi-jurisdiction intra group change in control, including practical guidance on FCA expectations, which resulted in a successful approval delivered well ahead of the standard timeline with no additional scrutiny by the regulator.
Advised a global exchange on Benchmark Regulation authorisation requirements and supporting the exchange in preparing its detailed application for authorisation as a benchmark administrator.
Supported firms in the development of clear and defined roles and responsibilities statements for senior management roles and prepare for regulator interviews. Provided guidance on the onboarding process for senior management, induction materials and regulatory awareness requirements. This included providing understanding of the expectations of board members and regulatory requirements.
Developed regulatory training for front line staff in readiness for consumer credit authorisation and product launch. Provided guidance on content delivery, competency attainment and ongoing assurance models.
Supported a global firm through the Variation of Permission application in order to launch a digital retail bank. Support included; regulatory business plan preparation, co-ordination of inputs from business teams, support with the development of governance and control frameworks, guidance on the development of operational processes, review of key firm policies and uplifts, preparing new product terms, marketing materials and undertaking appropriate product governance and testing.
