Slaughter and May fields a financial regulation team adept in supporting a range of clients -- including insurance firms, investment groups, banks, payment service providers, and asset managers -- in the full array of non-contentious mandates. Co-head Jan Putnis advises a broad range of financial institutions on complex regulatory matters, corporate transactions, structural reforms, and post-Brexit business strategies, with particular expertise in governance, regulatory compliance, recovery and resolution regimes, and multijurisdictional corporate restructurings. Fellow co-head Nick Bonsall is skilled in complex prudential regulatory matters, capital efficiency transactions, financial institution reorganisations, and portfolio acquisitions and disposals, with a specialism in UK and EU solvency and governance regimes, supervisory and contentious regulatory issues, and Brexit-related restructuring. Adept in supporting fintech firms and challenger banks on transactional and advisory matters, David Shone frequently counsels on capital instrument structuring and group reorganisations, particularly for regulatory and strategic purposes. Kristina Locmele is a further key contact.
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Key clients

  • Aquis Exchange PLC (Aquis)
  • Aviva
  • Barclays PLC
  • Capital One Financial Corporation
  • Close Brothers
  • Direct Line Group
  • Euroclear
  • Legal & General
  • Monzo
  • MUFG Securities EMEA plc
  • Nationwide Building Society (Nationwide)
  • NewDay Cards Ltd (NewDay)

Work highlights

Advised Nationwide on its £2.9 billion acquisition of Virgin Money UK plc, involving the acquisition by a UK building society of a large, ring-fenced banking group.
Advisers to Santander on FCA review and advising Close Brothers on the litigation, in relation to the ongoing FCA review into motor finance commissions, and in respect of (the related) appeal by Close Brothers to the Supreme Court in the Johnson, Wrench and Hopcraft case.
Advising Barclays on the ring-fencing aspects of its £600 million acquisition of Tesco’s banking business, and continuing to provide advice on governance, disclosure and prudential matters.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Next Generation Partners

Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

David Shone

Leading associates

Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.

Kristina Locmele

Practice head

Jan Putnis; Nick Bonsall

Other key lawyers

David Shone; Kristina Locmele