Regulatory Investigations

The consequent reputational and financial consequences for a business are serious. Appropriate handling of regulatory investigations is therefore a top priority for international financial institutions and corporates.

The world’s leading companies and financial institutions depend on Linklaters’ experience of handling significant global regulatory investigations. Working closely with the firm’s pre-eminent Financial Markets Group in identifying questions of legal and regulatory risk, Linklaters’ litigators investigate the most complex issues and advise clients when they face regulatory action. The firm’s global presence allows it to conduct investigations and to harmonise the response to regulatory investigation across all jurisdictions.

Linklaters has a long-standing track record of dealing with regulators throughout an investigation and in any subsequent disciplinary action or third party proceedings. The team assists clients to identify and respond to relevant regulatory issues at the earliest possible stage, so that regulators do not take action where none is necessary. When action is taken, Linklaters ensures that the action taken is proportionate, while aiming for an early settlement of proceedings.

The firm regularly acts for financial institutions in dealing with market abuse allegations from multiple regulators across Europe. Linklaters’ global team also advises third parties which have become involved in a regulatory investigation into another entity.

"Linklaters litigation disputes team investigates the most complex issues and advises clients when they face regulatory action.”

Our recent experience includes advising:
  • a European financial institution on an FCA enforcement action concerning FCA Handbook breaches
  • an alternative asset manager on issues identified in an ARROW risk mitigation plan on conduct of business issues
  • a major UK financial institution on a section 166 skilled persons report and enforcement proceedings around the mis-selling and execution of bonds sales
  • a global fund management company on a wide-ranging review of its regulatory structures
  • an asset manager on the effectiveness and appropriateness of the firm’s corporate governance model in an enforcement context
  • a major European Bank on a section 166 issued in relation to management and controls issues and compliance failings
  • a bank in London on an SFO enquiry prompted by a request for legal assistance made by Italian regulators