Stephen is a managing associate in the Financial Regulation team. He has 19 years of experience in both non-contentious and contentious regulatory matters, having been a member of the FCA's Enforcement Division and its General Counsel's Division, as well as experience in private practice.
Stephen's practice covers most aspects of financial regulation, in particular retail-facing matters, involving clients who are payment services providers, banks, lenders, wealth managers, and insurance intermediaries.
Experience
Stephen advises on:
- The regulatory perimeter, including applications for authorisation or variation of permission
- Dealings with the FCA, including supervisory investigations, Enforcement proceedings, response to uses of FCA statutory powers
- Payment services regulation
- Financial crime prevention
- Complaints handling
- Regulatory issues arising from firm failure
- Regulatory mapping and compliance systems
- Regulatory due diligence and change of control in transactions
Stephen has also been involved in high-profile, multi-party matters involving industry bodies implementing voluntary schemes to benefit financial services consumers, including the development of a voluntary code for banks to provide reimbursement to fraud victims, and the establishment of binding dispute resolution scheme for SMEs to seek redress from banks.
