We have deep expertise across financial services, leading regulatory reforms, conducting cross-industry negotiations, and helping clients with business-critical regulatory challenges.


Examples include:
Co-led FCA market study on General Insurance Pricing Practices
The practice of setting low prices to attract new customers and then “price walking” customers to higher prices on subsequent renewals had become a key…
Co-ordinated negotiations between banks and the Post Office
Branch closures lead to considerable political pressure on banks to ensure that communities can still access face-to-face banking services, such as depositing cash and cheques,…
Bringing legal clarity to Business Interruption Insurance during Covid
During the COVID pandemic, many businesses such as hospitality businesses were forced to cease operating because of the risk of disease transmission. And many of…
Negotiated and implemented the first statutory regulations for LIBOR
The London Inter-Bank Offered Rate (LIBOR), a synthetic interest rate to which $500 trillion (not billion) worth of contracts was pegged, was found to be…
Initiated and led FCA initiative to transform culture in financial services
When Jonathan Davidson arrived at the FCA in 2016, it was facing a huge challenge in delivering effective supervision. With more than 60,000 firms to…
Led negotiations to bring to an end the £40bn PPI miss-selling scandal
Payment Protection Insurance redress had become industrialised, with claims management companies paying for high profile advertising campaigns to encourage potential victims of miss-selling to make…
Started and co-led the FCA Strategic Review of Retail Banking Business Models
The studies and interventions aimed at strengthening competition in UK Retail Banking have been numerous and the impact low. Although several challenger banks have emerged,…
Helped implement “consumer duty” for two banks
The FCA’s Consumer Duty is a significant change from traditional rules-based compliance to a principles-based regime focused on outcomes for every segment of customers. It…