WELCOME TO CHARLES RUSSELL SPEECHLYS.
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Alongside our advice on debt and international finance we also advise our lender clients on regulatory reform, compliance and data security issues.
Our clients includes retail banks, investment banks, private banks and alternative lenders, such as debt platforms. Our presence in the Middle East means that we can offer locally based businesses particular expertise ensuring compliance with Sharia principles.
We advise retail and investment banks on all aspects of their core activities such as debt finance and regulatory issues. We are also regularly called on to advise on other functional areas which are critical to the banks’ business and which require a deep understanding of the sector and its specific compliance issues, for example in the area of cyber security, data protection and data centres.
Non-bank lenders represent a significant sector of the banking market and one in which we have established a track record. We understand the lending proposition that such platforms offer to the market and the different business drivers that such platforms face. We have advised non-bank lenders on all aspects of their core activities such as fund formation, debt finance and regulatory advice. We also provide solutions to them in other critical areas of their business such as IT, intellectual property, commercial contracts and employment. Our breadth and depth of experience in this sector enables us to offer commercial advice which combines the needs of the platform and the demands of its clients.
We have particular expertise in the private banking sector and advise both UK based private banks and overseas firms which wish to provide private banking services in the UK market. Our work includes advising on all aspects of debt finance. We also provide advice on the impact of UK and EU regulatory requirements to Private Banks including on consumer credit and on the structuring and documentation of their bank account services. With one of the country’s leading Private Wealth practices we understand the needs of high net worth banking clients and so are able to bring this perspective to our work in the private banking sector and offer commercial and pragmatic advice.
Advised a major financial institution on its data centre agreements, both in the UK and USA, with key service providers. This encompassed the negotiation of full service agreements for collocated data centre agreements, the fit out and operation.
Advised a Swiss private bank in relation to its application to the FSA to obtain a deposit taking licence for its UK subsidiary. Our work on this matter included: reviewing and suggesting amendments to the regulatory business plan; assisting with the completion of the FCA application documents and assisting with responses to FSA’s follow-up questions; drafting the bank’s terms of business and other client documents, including lending documentation; advising on the impact of the FCA’s remuneration code on the subsidiary and the parent company; drafting the bank’s compliance manual and compliance procedures; and providing training to the bank’s UK compliance team and relationship managers regarding UK regulations.
Providing ongoing advice to investment banks in relation to providing direct electronic access to execution venues (DMA and sponsored access) and providing white labelled services to third party brokerages.
Advised an international retail bank on its strategically important framework agreements with a leading provider of information security solutions. The contracts involve a renegotiation of framework licence and professional services agreements in preparation for a series of key projects.
Advised a private bank on its offering to the family office market including advice on bespoke investment strategies and policies and the structuring and establishment of private investment vehicles (open and closed ended) for families and collections of families.
Advised a private bank in relation to the launch of the UK’s first combined credit and debit card and drafting the terms and conditions and pre-contract disclosure materials for the card.
Advised a major retail bank on the sale and leaseback of a portfolio of 62 substantial operational properties across the UK.
Ongoing advice to private banks on the impact of regulatory changes to their UK activities including, the impact of the changes to the Consumer Credit Act 1974 and the FCA’s Mortgage Conduct of Business Rules, the impact of the FCA’s BCOBs rules and the Payment Services Directive on their current and deposit account terms and conditions, as well as on the changes brought about by the Consumer Credit regime and Mortgage Market Review.
Acted for the Bank of England on its regional agency relocation programme.