Financial Services
We think legal services to the finance sector needs a bit of a shake-up.
That’s why we do things differently — using our in-depth knowledge of your regulated world, to think creatively. We are tech focused, accessible and responsive. We give commercially minded, pragmatic advice.
Our clients include banks, payment services and e-money institutions, mortgage providers, insurers, brokers, MGAs, credit institutions and pension providers — as well as cryptoasset firms, IFAs, wealth managers and placing agents.
We have particular expertise and experience in financial services regulation, financial disputes, insurance law, FinTech and Insurtech. But that’s not all we do.
We often team up with commercial, debt finance, corporate, and employment lawyers from across our firm, who all have a particular interest in the financial services sector. We work collaboratively with our clients to provide them with the comprehensive legal advice they need.
So, whatever the challenge, we’ve got your back. And thanks to our global connections, we can support your ambitions anywhere in the world.
Get to know us
Meet the team
Our Financial Services team is led by Rachel Hillier, Partner.
Our lawyers are specialists in their fields, providing commercially driven, clear advice that helps you stay compliant and confident you’re doing the right thing.
Hear from Liza Kellett, Trust Leeds
Following a lengthy application process, our Financial Services Regulation team were able to help Trust Leeds submit their application to the FCA, so they could provide consumer credit lending to those that wouldn’t be able to access it from high street banks.
The successful approval of their application by the FCA has allowed Trust Leeds to provide small, ethical, personal loans for business purposes to enterprising people in West Yorkshire who are facing money or credit problems.
Having gone through the process side by side with Liza, the team at Capital Law are here to help if you and your business are thinking about providing lending services and need support in obtaining approval from the FCA.
Insights
Expectations around new Consumer Duty reforms
The Consumer Duty came into force on 31st July 2023 and is centred around the new principle, which is Principle 12. A new Duty for ‘firms to deliver good outcomes for retail customers’.
It’s an important milestone for the FCA – for their business and statutory plan. The Principle is made up of three cross-cutting rules and these are the anchor to the Principle. Firms have to apply those three cross-cutting rules to four different outcomes.
Sarah Drew & Rachel Hillier consider the newly implemented Consumer Duty and what they think you can expect to see from the FCA over the next 12-24 months. They cover the background to Consumer Duty and some expectations for firms now that it is in force.
