A regulatory investigation can represent a significant event in the corporate life of a regulated firm and its senior management. Responding to an investigation is disruptive to the firm's business, potentially costly in terms of a regulatory financial penalty and restrictions on business, as well as management time and defence costs.
Our team undertakes a proactive and proportionate approach that is proven in delivering successful outcomes for our clients, including the discontinuance of investigations, or private warnings and negotiated settlements acceptable to them.
Multi-disciplinary: We combine the experience and expertise of ex-regulators, investigative lawyers, prosecutors, FCA Skilled Persons, heads of compliance, and Money Laundering Reporting Officers, together with specialists from DWF Forensic, our in-house forensic accountancy solution, delivering the optimal regulatory outcome through a holistic service.
International: We are able to assist you in cross-jurisdictional matters with experience acting on regulatory investigations and enforcement action by the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and overseas regulators.
Sector-specific: With sub-sector subject matter experts that understand the nuances of your business, you will receive advice tailored to achieving the best resolution for your situation.
Prevention: We get involved early on, assisting with internal investigations, advising on regulatory notifications, systemic risks, remediation programmes and the restoration of good regulatory relations, before things escalate.
We act for a diverse range of clients, including:
Andrew Jacobs, Head of Regulatory Consulting at DWF, comments on the FCA's SM&CR regulations following financial sector's "historical failures".
A familiar gripe we hear from financial services firms is (often justifiably) the expression of outrage about an Ombudsman's decision. With the expanded FOS jurisdiction and the increase to the potential FOS compensation award to £350,000, we expect to hear these gripes a little more often and a lot louder in the future.