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Piers Reynolds

Partner, Freshfields Bruckhaus Deringer

London, United Kingdom

http://www.freshfields.com

piers.reynolds@freshfields.com

About me

Freshfields' Financial Institutions Disputes Group has over 200 partners and associates across the UK, the US, Asia and Europe. The group advises a wide spectrum of financial institutions, including global investment banks, commercial and retail banks, asset managers, insurers, reinsurers and intermediaries. The group’s work covers a wide range of regulatory investigations, encompassing the wholesale and retail markets, as well as high profile, and often technically complex, litigation, arbitration and alternative dispute resolution.

As a member of the Financial Institutions Disputes Group, I have extensive experience in finance litigation and regulatory investigations, acting for investment, private, and retail banks, as well as insurers and other financial institutions. A large proportion of my practice is acting for Wealth Managers - advising on investigations, disputes, and regulatory risk (for example, systems and controls, conduct of business, and AML risks).

I have spent time on secondment to the Litigation team at Citi, and to the Group Regulatory team at Lloyds Banking Group, as well as working in-house as Head of Litigation at UBS Wealth Management in the UK.

I speak regularly at conferences and seminars on regulatory and finance litigation issues.

New Challenges for tackling Authorised Push Payment Fraud

Sep 06, 2023

New Challenges for tackling Authorised Push Payment Fraud

By Laura Feldman Piers Reynolds Claudia Carroll

The Payment Systems Regulator (PSR) has recently announced significant changes to the mandatory reimbursement regime for Authorised Push...

The UK FCA’s latest Financial Lives Survey spotlights the rise in vulnerable customers

May 25, 2023

The UK FCA’s latest Financial Lives Survey spotlights the rise in vulnerable customers

By Piers Reynolds Emilio Salice Shania Bhageerutty +1 more...

The FCA’s focus on vulnerable customers is longstanding. In the aftermath of the Covid-19 pandemic, the ongoing cost of living crisis,...

Are UK retail banks capitalising on customer inertia on savings rates? The FCA makes its approach known in advance of the consumer duty

May 11, 2023

Are UK retail banks capitalising on customer inertia on savings rates? The FCA makes its approach known in advance of the consumer duty

By Piers Reynolds Emilio Salice Shania Bhageerutty

Although the FCA’s new Consumer Duty is not yet in force, the regulatory environment is already shifting. For example, the FCA has stated...

Retail Financial Services: Five Key Themes on the FCA’s Agenda

Jan 10, 2023

Retail Financial Services: Five Key Themes on the FCA’s Agenda

By Piers Reynolds Emilio Salice Rebecca Freedman +1 more...

The issue front and centre of the Financial Conduct Authority’s (FCA) 2022 Annual Public Meeting was the cost of living crisis. At that...

New Consumer Duty to be introduced to shift mindset of UK financial services firms

Dec 15, 2021

New Consumer Duty to be introduced to shift mindset of UK financial services firms

By Anthea Bowater Piers Reynolds Christine Simpson

In May this year we reported on the Financial Conduct Authority’s (FCA’s) initial proposals for a Consumer Duty for financial services...

The proposed Consumer Duty for UK financial services firms – a paradigm shift?

May 25, 2021

The proposed Consumer Duty for UK financial services firms – a paradigm shift?

By Piers Reynolds Anthea Bowater Christine Simpson

The Financial Conduct Authority (FCA) has just published its Consultation Paper on a proposed Consumer Duty for financial services firms...

The FCA’s focus on vulnerable customers during and beyond COVID-19

Apr 08, 2021

The FCA’s focus on vulnerable customers during and beyond COVID-19

By Piers Reynolds Emilio Salice Nilsu Acikada

In recent years, the UK’s Financial Conduct Authority has in many cases viewed financial regulatory issues by looking at the...

COVID-19 and lending to SMEs: the disputes landscape in the UK

Jun 08, 2020

COVID-19 and lending to SMEs: the disputes landscape in the UK

By Piers Reynolds Emma Probyn

The 2008 financial crisis and ensuing economic downturn was felt acutely by small and medium-sized enterprises (so-called SMEs), and led...

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