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Linklaters Business Services

Living Wage
ONE SILK STREET, LONDON, EC2Y 8HQ, ENGLAND
Tel:
Work 020 7456 2000
Fax:
Fax 020 7456 2222
DX:
10 LONDON CITY EC3
Email:
Web:
https://www.linklaters.com
Abu Dhabi, Amsterdam, Antwerp, Bangkok, Beijing, Berlin and 25 more

Harry Eddis

Tel:
Work 020 7456 3724
Email:
Linklaters Business Services

Work Department

Financial regulation

Position

Harry has long-standing expertise in financial markets regulation, and regularly advises banks, broker-dealers, investment managers and other financial services institutions on all issues related to their regulated status. In addition, he offers guidance on perimeter issues, such as authorisation requirements, market abuse and market conduct requirements, as well as wholesale market infrastructure. Recently, Harry has been advising on MiFID II and Brexit issues for a broad range of financial service institutions as well as industry bodies.

Harry is a market-leading expert on clearing platforms, advising both banks and Central Clearing Counterparties (CCPs) on a number of projects involving the structure of clearing arrangements across a wide range of product types, including credit default swaps (CDSs), IRS, commodities and foreign exchange (FX) products.

Harry has leveraged his regulatory and market expertise over the years in relation to FinTech, advising BrokerTec and SwapsWire on the establishment of electronic trading and post-trade platforms. Harry continues to be a leader in this field, currently advising a consortium of banks on FinTech issues and being a regular speaker at FinTech events.

Harry spent more than four years with a major investment bank, covering equity derivatives, advising on the structuring and distribution of derivative products. This experience gave Harry particular insight into the way in which financial institutions operate and a deep understanding of complex financial instruments.

Work highlights:

Harry has an extensive financial regulatory practice. The breadth of his practice includes advising, among others:

  • Regulatory change: advising on the implications of the Markets in Financial Instruments Directive (MiFID2). Other recent matters have included advising on market conduct, the foreign exchange (FX) remediation programme, the senior managers regime (SMR), the impact of the senior management arrangements, systems and controls (SYSC) regime and Client Assets and Money (CASS) implementation
  • New structures: advising on the creation and structuring of trading and clearing platforms, including NASDAQ, OTCDeriv and a consortium in the process of setting up a precious metals exchange and clearing platform
  • Pre-contentious regulatory: advising on various FX reviews and remediation and market conduct investigations, including advising major banks on their policies and procedures to comply with the senior managers function (SMF)
  • Contentious regulatory: advising a number of major banks on FX manipulation investigations and market abuse and conduct reviews, as well as carrying out “Shadow S166” reviews alongside regulators
  • Financial sector corporate activity: advising on the financial regulatory aspects of IPOs and other corporate transactions

Career

Linklaters 1996-2004; associate, solicitor Travers 2004-06; executive director Morgan Stanley 2006-10; counsel Linklaters, London 2010-12, partner Linklaters, London 2012 to date.

Member

Working group for the AFME Global FX Division

Education

Eton College (1989); Durham University (1993 Politics and Philosophy 2(1) (Hons)); College of Law (1994 Common Professional Examination (commendation); 1995 Legal Practice Course (distinction)).


London: Corporate and commercial

Financial services

Within: Financial services

'One of the top few leading practices', Linklaters LLP provides 'strong strategic advice' to investment banks, investment managers and infrastructure providers across the spectrum of contentious and non-contentious matters. On the non-contentious front, the firm advises on discrete regulatory issues as well as large-scale regulatory projects relating to Brexit, ring-fencing and regulatory capital. The team continues to handle numerous mandates relating to MiFID II and led by the 'excellent' Harry Eddis has been representing Nomura International plc on the implementation of the directive. Alongside Nikunj Kiri, Michael Kent and Martyn Hopper, Eddis has  also been central to the 12 leading investment and retail banks on their implementation of the Senior Managers and Certification Regime. The 'super bright' Peter Bevan has broad-ranging financial services regulatory expertise and often puts this knowledge to good effect on behalf of entities seeking to develop new financial products. The 'very technical and knowledgeable' Sebastian Barling  provides standalone regulatory advice as well as advising on the regulatory overlay in relation to financial services M&A. On the contentious front, in addition to the presence of pre-eminent practitioners including Hopper, Kent, Kiri and 'clever and dynamic' solicitor advocate Andrew Hughes , the team also benefits from numerous more junior practitioners who are developing a strong reputation, including the 'very articulate and detail oriented' Alison Wilson, who excels at handling FCA enforcement actions on behalf of retail banks and 'user-friendly and very bright' managing associate Ben Packer, who handles contentious financial services as a function of his broader dispute resolution offering. Sarah Parkhouse retired and Carl Fernandes joined Latham & Watkins.

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London: Risk advisory

Brexit

Within: Brexit

Linklaters LLP operates across practice areas and jurisdictions to assist clients with navigating Brexit-related challenges and opportunities. In the financial services sector, the firm's depth and breadth of expertise puts it on a strong footing to advise a wide range of financial institutions on the impact of Brexit on corporate structures, reorganisation/restructuring options, financial regulatory issues (such as passporting and equivalence), jurisdiction analysis (for relocation/setting up) and employee-related issues, among others. Michael Kent, Peter Bevan and Harry Eddis are among the practitioners to note in this space. The firm also engages extensively with UK and EU trade bodies, as well as regulators; Deepak Sitlani and Mark Brown have spoken on a number of occasions at ISDA conferences. Aside from financial services, the firm advises clients from various other industries on the implications of Brexit, including retail, energy and automotive. Christopher Bellamy QC and Lucy Fergusson jointly lead the group, which also includes Nicole Kar, Charlotte Morgan and Matthew Weiniger QC.

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Corporate governance

Within: Corporate governance

Linklaters LLP, which is deservedly recognised as a 'a leader in the field', has been providing an integrated, global risk management, governance and regulatory practice since its dedicated operational intelligence group was established in 2014. The firm provides the full spectrum of advice on governance and compliance models, risk assessments, reporting, disclosure, investigations and crisis management. Tom Shropshire is advising the board and executive management of a financial institution with operations in Europe and the US on its approach to corporate governance, compliance policies and procedures and reporting frameworks. In another matter, which concerns a client's worldwide operations, Shropshire is acting for a global corporate in an assessment of its corporate governance structure and practices, and the effectiveness of its compliance procedures. Shropshire is also assisting another global company with an internal investigation into its operations in Latin America. Vanessa Havard-Williams, who demonstrates 'first-class judgment', has expertise in human rights and sustainability issues, environmental and product safety, and crisis management, among other areas. Shropshire and Havard-Williams co-lead the practice with Satindar Dogra, who has more than 20 years of experience of fraud investigations and corporate crime. Richard Cumbley has expertise in global projects involving data security incidents, regulatory investigations and large-scale privacy-related litigation. Alexandra Beidas, who leads the incentives team, acts for 40 of the companies listed on the FTSE 100, and also advises a number of FTSE 250 companies. Other notable individuals include Tom Cassels, Harry Eddis and Michael Kent. Recently promoted partner Rachel Barrett and managing associate Lucy Blake are also highly recommended.

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London: TMT (technology, media and telecoms)

Fintech

Within: Leading individuals

Harry Eddis - Linklaters LLP

Within: Fintech

With global breadth, strength in depth and a formidable line in high-end financial services regulatory work, the 'superb' practice at Linklaters LLP adopts 'a multi-disciplinary approach' and 'truly bridges the gap between finance and technology'. Harry Eddis and capital markets expert Richard Hay are 'very impressive: they cut to the chase and are pleasant to deal with'. As well as handling more conventional fintech work, the department also advises clients on technology matters relating to structured finance and capital markets: together with Michael Kent, Eddis, who has 'deep financial regulatory knowledge across markets', advised Quantile Technologies on regulatory matters pertaining to its derivatives portfolio optimisation service. Eddis and Paul Lewis, who is 'a clear leader in smart contracts, derivatives and distributed ledger technology (DLT)', acted for Clearmatics Technology Solutions and UBS, leading a bank consortium, on the development of a new inter-bank payment system involving Utility Settlement Coins. Both partners have also been advising a multinational investment bank on establishing spot and derivatives trading services involving Bitcoin and Ether. At the start-up end, technology expert Julian Cunningham-Day, who heads the group alongside Eddis and corporate expert Fionnghuala Griggs, advised regtech company Market Axess on its client contracts and the establishment of a cloud-based European data store.

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