Financial Services
Key strengths
Brodies has an unrivalled market position in Scotland for advising clients in the financial services sector. Our advice covers insurance, funds, regulatory and compliance and retail banking.
Expertise
Our financial services team comprises over 20 lawyers, 10 of whom are partners. We have pulled together expertise from Banking & Financial Services, Corporate, Tax, Litigation and Outsourcing to deliver the full range of services to our financial services sector clients.
We operate across the United Kingdom and we regularly receive instructions of a type which previously were restricted to major London city practices. Our team offers full English and Scots law capability, an unrivalled level of in-house experience and a real working knowledge of the regulatory framework.
What we can do for you
We can provide an outsourced regulatory compliance and legal support function as well as supporting established functions within your organisation drawing on experience across the industry (the team has in excess of 50 years in-house experience unrivalled by our competitors). Cutting edge advice regarding systems and controls, front and back office risk management and supporting procedures manuals (including those designed to ensure in-house legal function role is recognised and responsibilities clearly identified for BASEL II, FSA and other regulatory requirements). We provide helpline functions to a number of clients making our wealth of expertise available at the end of the phone. Assistance in strategic planning of upcoming regulatory developments which impact on clients within our large financial institution client base. The team has developed a dedicated service in helping clients monitor new legislation, case law and regulatory developments and engage meaningfully in consultation processes in relation to FSA, Treasury and other regulatory consultation papers and governmental proposals, including from the Scottish Parliament.
Did you know?
Brodies acted as principal adviser on 2 of the 4 major bank deposit book transfers under the Banking (Special Provisions) Act 2008; more than any other law firm and the only firm in Scotland to have this expertise and experience.
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