In an ever-changing, increasingly challenging and complex regulatory environment, the value of clear strategic guidance from seasoned experts cannot be overstated. The repercussions of an adverse regulatory finding or sanction can often prove to be immensely costly—both in economic and reputational terms, with terminal consequences for some.
Quinn Emanuel has extensive experience of providing trusted advice to financial institutions and corporates on ‘high-stakes’ regulatory / compliance issues of strategic significance. We have an outstanding track-record of assisting our clients in keeping the regulatory authorities at bay; and ensuring the optimal route to successful ‘closure’. Several past assignments have involved our appointment onto internal steering committees, charged with overseeing and directing containment and remediation programs.
Quinn Emanuel advises a broad spectrum of financial and other institutions on key regulatory / compliance matters. Clients include: institutional investment managers; international integrated investment banks; hedge funds; private equity houses; stockbroking firms; corporate finance boutiques; inter-dealer brokers; credit funds; sovereign wealth funds; consumer credit firms; clearing banks; and corporates. Our Financial Services and Regulatory group works closely alongside (and often in conjunction with) the White Collar and Corporate Investigations practice.
Much of our advice is provided at board and senior management level. Our practice specialises in tactical and strategic issue prevention, containment, and resolution (including internal reviews and investigations) - with a view to optimise the client’s position vis-a-vis the regulatory authorities. Typical assignments include:
We are accustomed to managing very substantial assignments; and possess extensive project management expertise and know-how.
Our unique and complementary blend of private practice, in-house and regulator-side experience and insight ensures that our advice is always underpinned by practical and commercial realities.
We maintain a concerted focus on our client’s needs and objectives, together with a keen sense of perspective and proportionality. We will play ‘Devil’s advocate’ and challenge, where appropriate - to ensure that all necessary angles have been considered. We think pragmatically and are not afraid to push boundaries. We will provide an opinion when requested to do so - and will not frustrate our clients by sitting on the fence. We deliver clear no-nonsense advice.
As a matter of course, we adopt a proactive mindset and approach to each assignment; ensuring that our client remains on the ‘front foot’ and at least one step ahead.
Areas of expertise include:
Our practice is led by David Berman. David spent several of his formative years working as a managing director at an international investment bank, where he held a number of complementary senior level roles in legal, compliance, and front office functions. David is one of very few senior financial services practitioners to have spent a significant proportion of his career working ‘client-side’ within a large financial institution. David is widely renowned for his ability to empathise and view matters through a client lens. Amongst many strategically critical regulatory assignments (whether of a preventative, containment, or remedial nature), David acted as a ‘skilled person’ (pursuant to section 166 of the Financial Services and Markets Act 2000) in relation to the largest and most complex independent mis-selling review ever mandated in the UK.
David is regarded as “incredibly knowledgeable and well respected in the area, thanks to his wealth of experience, excellent judgement and the way he brings a real energy to a team on large cases. He is very much in demand for his incisive, pragmatic and friendly approach.” (Chambers 2017)
David has recently authored widely-acclaimed books (published by Thomson Reuters) covering the topical subjects of senior individual accountability, risk mitigation, and culture.
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