Article

Financial Services

From capital markets and high frequency trading to high street banking and mobile apps, the financial services landscape has changed beyond recognition in just a few years. Technology and the ‘rent not own’ cloud model has reduced the cost of entry for newcomers. For incumbents and challenger brands alike, the digital financial services space is increasingly risky, competitive and subject to rapid and frequent change.

Our specialist lawyers often work in-house or on secondment with our financial services clients and support them across a range of issues including regulatory affairs, technology contracting, data protection, employment, intellectual property and litigation. We’re also called upon for transactional work such as raising finance from new platforms, the creation of strategic partnerships and the acquisitions of innovative finance models.

Cryptocurrencies

Helping your business to embrace cryptocurrencies

Cryptocurrency first came across our radar as an internet experiment and we’ve watched it develop into a means of exchange, a payment platform, a store of value and most recently a complex financial instrument. Blockchain is the underlying technology, a type of distributed ledger made up of immutable, digital, public datasets, which has the potential to transform all sorts of business transactions, relationships and contracts.

Our knowledge of the financial services sector, which includes experience in navigating all regulatory aspects, combined with our technology expertise makes us an ideal partner for businesses who are embracing cryptocurrencies. Dealing with such a fast-developing sector needs flexibility; we have, at various times, engaged with policy officials at UK regulators, brought in external experts in clearing and settlement, and leveraged our bank of financial services precedents to produce quick wins.

Key contact

Rich Folsom
Partner
rfolsom@deloitte.co.uk
+44 (0)20 7303 0117

Financial regulation

Providing integrated, multi-disciplinary advice to comply with regulation in the finance sector

Nowhere are the lines more blurred between technology and business than in the finance sector. Disruption and innovation are everywhere: fintech start-ups, insurtechs, crowdfunding and peer-to-peer lending platforms, robo-advisors, crypto platforms, market data suppliers and users, benchmark administrators, e-money wallet providers and payment service providers are among new firms whose business is largely online. Established players are racing to catch up. At the same time, regulatory compliance is increasingly technical in nature.

More than ever, financial companies need lawyers who truly understand technology, who appreciate the seismic changes shaking up finance and what it all means from a regulatory point of view. That’s what you get with our specialist financial regulation legal team. We’ll help you understand how to comply with regulation as you roll out digital services and embark on new relationships with customers and vendors.

Whether you’re a challenger start-up or global investment bank, our approach is the same: we give integrated, multi-disciplinary advice from a commercial, strategic perspective.

How Deloitte Legal can help

  • Ongoing compliance support
  • Bribery and corruption prevention
  • Business structuring in the financial sector
  • Financial regulation considerations for fintech businesses
  • Financial regulatory strategy
  • Financial sector transactions, products and services
  • FCA investigations and enforcement
  • Investment funds
  • Investment management, advice and broking
  • Our retained compliance consultancy service
  • Sales, marketing and client relationships in the financial sector
  • Staffing and corporate governance of authorised firms and employment in a regulated environment
  • Payment services and e-money

Key contact

Jake Ghanty
Partner
jghanty@deloitte.co.uk
+44 (0)20 7303 0297

Fintech

Supporting your fintech business with your legal and regulatory challenges

Fintech is booming. London is a hotspot for innovation and investment in financial technology. With AI, cryptocurrencies, blockchain, open banking and other leading technologies in pipeline, it’s an exciting place to be if you can keep up. In the fintech sector, regulation, software, hardware, networks, telecoms, data, marketing and consumer rights all converge in ways that create legal and regulatory challenges that can only be solved by working in partnership with others.

We are confident and comfortable with fintech. We have years of experience under our belt and can use that knowledge to guide you through the risks and pitfalls of your fintech plans. Whether you’ve been in business six months or six decades, we’ll help you plan your fintech future.

Key contact

Chris Hill
Partner
chill@deloitte.co.uk
+44 (0)20 7007 7716
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