Financial Institutions
The financial sector is undergoing fast-paced technological advancements, increased regulation and is subject to ever-closer investor and regulatory scrutiny. Disputes are increasingly technical, nuanced and multi-jurisdictional in nature. Our international reach, technical excellence and in depth knowledge of the financial and insurance sectors means we can handle the most complex and technically-demanding financial claims and policy coverage disputes. Our approach is swift and effective to contain disputes, minimise reputational damage and achieve the best commercial outcome for our clients.
Services
ContactsOverview
Our highly experienced team has handled some of the largest and most high profile claims brought against the financial services industry in recent years.
We advise and defend banks, hedge funds and other financial institutions, wealth managers, trustees and pension administrators and financial advisers against an array of financial claims including mis-selling, fraud, bribery and corruption, money laundering and tax avoidance schemes.
We specialise in regulatory investigations, including liaising with the Financial Ombudsman Service, Financial Conduct Authority, Serious Fraud Office, Prudential Regulation Authority, the Insolvency Service, and the Department of Justice and Securities and Exchange Commission in the US.
We also advise insurers and reinsurers on complex policy coverage issues including non-disclosures, policy exclusions, aggregation and policy response.
Our international reach means we can swiftly assemble experts in multiple jurisdictions to provide a coordinated response to international and cross-border disputes, and act as monitoring counsel in large international loss programmes.
We draft insurance policy wordings and advise on risk management, corporate governance, regulatory compliance as well as emerging risks such as artificial intelligence, ESG-related claims, cybercrime and data theft.
Featured experience
- Advising insurers of a leading retail bank in connection with FCA and PRA investigations relating to failings arising from the transfer of the bank’s data from one IT platform to another.
- Advising insurers of FTSE100 listed global investment manager in relation to underlying claim seeking £60m for alleged negligence in managing foreign exchange hedges.
- Advising London Market Insurers, insurers of a large Mexican bank, on the application of the BBB section of its FI policy in relation to a $30m fraudulent transfer to an unidentified third party who had manipulated data in the electronic payment system.
Related services
D&O and Financial Institutions
Our extensive experience from across the globe covers both financial institutions and commercial Director & Officers (D&O) matters.
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Directors and Officers
Our global D&O team has an established reputation advising insurers and reinsurers worldwide on all aspects of claims and issues affecting commercial entities and their directors and officers.
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Dispute Resolution
Our Dispute Resolution team has an established reputation for handling complex, high value commercial disputes and achieving successful and pragmatic solutions for our clients.
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Financial Institutions
Our global team has an established reputation advising insurers and reinsurers on all aspects of claims and issues affecting financial institutions.
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Offshore
Our experienced team of offshore experts provide commercially focused advice to insurer clients concerning the most complex claims in the offshore market.
Learn moreWhat our clients say
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”They provide advice in a clear and precise way, laying out all the implications, without all the legal jargon. They are extremely professional but also friendly and approachable. They make you feel like you are their most important client!
Legal 500 2022 edition, Insurance: Corporate and Regulatory, London
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”Able to concentrate enormous effort and resource to achieve the right result under a tight timescale.
Calm, thoughtful and strategic.
Very knowledgeable, supportive and understanding.
Legal 500 2022 edition, Insurance: Professional Liability, London
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”The team is very thorough and responsive.
Chambers & Partners 2022, Professional Negligence, London.
Financial Institutions key contacts
Who we are
Why choose DAC Beachcroft?
We’re a broad-based commercial firm serving a wide range of sectors with a strong heritage in insurance,
health and real estate. We combine excellent legal skills and cutting-edge delivery expertise to design
solutions that fit the needs of our clients – often involving clever uses of technology.
Insurance
DAC Beachcroft is recognised as a pre-eminent advisor to the insurance market, and we place a strong emphasis on the long-term relationships we build with you so that we can really add value to your business.
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Health and Social Care
DAC Beachcroft is regarded as market leaders in the provision of corporate, commercial and regulatory legal advice to healthcare providers.
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Real Estate
With 170 lawyers we are one of the largest Real Estate legal teams in the UK. Our extensive network gives us national, regional and local knowledge and access.
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Financial Services
We regularly advise product designers and manufacturers, trade bodies, and retailers, distributors and venture capitalists looking to invest in the financial services sector.
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Technology
As long-standing and trusted advisers in the technology sector, we deliver pragmatic and innovative solutions that empower you to make informed decisions about how best to maximise your success.
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Industry Specialisms
We combine our in-depth sector knowledge with astute commercial awareness and global reach.
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