Expertise

Tess is a Partner in our Financial Regulation team based in our London office. She focuses on advising banks, building societies and other financial services clients on prudential regulation, the implications of regulatory change and provides regulatory support in relation to strategic transactions.

Tess spent over ten years at the Bank of England, most recently as Deputy General Counsel, where she advised Governors and various senior committees on the prudential regulation of banks, building societies and financial market infrastructure. She has extensive experience in liaising with regulators, policy development and regulatory reform in financial services. 

In relation to banks and building societies, Tess has experience advising on the UK’s prudential capital and liquidity regimes, stress testing, operational resilience, governance and risk management, access to central bank liquidity and the UK and EU recovery and resolution regimes for firms in financial difficulties, including restructuring. She advised extensively on the implementation of the post-Brexit regulatory regime for clearing in the UK as well as the development of prudential regulation in relation to systemic payment systems. In the field of crypto-assets, she has expertise on the emerging regulatory regime for stablecoin and the proposal for a UK digital pound.