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Regulatory Investigations

Friday, 20 July 2018

Our Regulatory Investigations group, comprising members of our Financial Services and Markets and Dispute Resolution teams, is made up of leading experts in regulatory investigations, enforcement action and disciplinary proceedings.


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Financial Services & Markets

Jane Tuckley

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+44 (0)20 7295 3238

Jane qualified as a solicitor in 1988 and became a partner in the firm's Financial Services and Markets Department in 1997.

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Dispute Resolution

Stephen Paget-Brown

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+44 (0)20 7295 3223

Stephen is a senior lawyer with broad international and domestic commercial litigation experience.

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In the aftermath of the financial crisis, focus on the activities of banks and corporations, as well as the individuals within these organisations, increased significantly.  The role of government regulators has become much more prominent and therefore the need to understand the complex issues arising in the ever-changing regulatory landscape is now vital.

Cross-department specialists: the members of our Group are drawn from specialists from within our Financial Services and Markets and Dispute Resolution teams. This enables us to offer the right skillset and expertise to our clients in an area which requires both a deep knowledge of the laws and regulations which underpin the workings of the markets as well as experience and expertise in banking and financial services litigation and dealing with regulators.

Breadth of practice:  we have extensive experience of representing banks, brokers, fund managers, listed companies and individuals in many different kinds of investigations including those by the FCA, SFO, UKLA, HMRC, and the London Stock Exchange, as well as a variety of UK and non-UK regulators, including the US Department of Justice, SEC, EU Commission and other regulators and equivalent bodies around the world.  We also conduct extensive and challenging internal corporate investigations on behalf of clients which are often multi-jurisdictional in nature and cover issues such as bribery, money-laundering and fraud.  

First hand experience: in addition to the wealth of experience in advising clients, we have a long-running programme of direct immersion within institutions and regulators themselves which provides our Regulatory Investigations Group with first-hand, market-leading experience. This includes:

  • Dispute resolution partner, Toby Robinson, heading up RBS' contentious regulatory function for six months during one of the most turbulent periods in the bank's history.
  • Financial Services consultant, Richard Everett, acting as the first head of the RDC’s legal unit prior to joining the firm.
  • Dispute resolution senior counsel, Sam Cottman, completing a 10 month secondment at the SFO conducting some of the highest profile suspect interviews in recent years.
  • Revolving associate placements at major banking institutions, including the Bank of England and Nomura.
  • All of our Financial Services and Markets partners sitting on industry expert groups, many of which are convened by the FCA.

"[Travers Smith are] practical and efficient…intellectually first rate…impressive [and] well respected by regulators".

Legal 500

Representative instructions: most of the matters on which we advise are successfully concluded without publicity.  Suffice to say, our established relationships with major institutions in the industry have served us well and continue to provide a varied and extensive range of instructions.  We are also trusted by other City law firms who refer work to us on a regular basis, to act on the most sensitive matters and to report to and deal with Board members and senior employees.

Our experience includes acting for institutions, as well as senior executives and traders from large financial institutions, in relation to numerous FCA enforcement cases, including in connection with the well-publicised LIBOR investigations, anti-money laundering and market abuse, as well as mis-selling cases.  

We also advised the Oversight Committee of the Bank of England (together with Lord Grabiner QC) in connection with its investigation into the role of Bank officials in relation to conduct issues in the foreign exchange market.