Expertise

Tess is a Partner in our Financial Regulation team based in our London office. She provides strategic and practical advice to banks, mutuals, investment firms and financial market infrastructure firms on existing and developing financial services regulation and regulatory processes, drawing on her extensive understanding of the UK regulators and expertise in regulatory change. 

Tess’ particular focus is on prudential and wholesale regulation, including in the digital assets sphere. She regularly advises on the UK’s capital and liquidity regimes, operational resilience, governance, ring-fencing perimeter, resolution, EMIR, MiFID including in relation to the structuring of M&A, finance and derivative transactions for a variety of financial services firms. 

Tess spent over ten years at the Bank of England, including as Deputy General Counsel, where she advised Governors and various executive committees on the prudential regulation of banks, mutuals and financial market infrastructure, including in distressed scenarios such as the resolution sale of Silicon Valley Bank UK. Tess has worked on many of the UK's significant regulatory reform projects including the development of the UK’s capital and MREL frameworks, the resolution regime and the establishment of the Resolvability Assessment Framework, the operational resilience framework, the implementation of the post-Brexit regulatory regime for clearing and the emerging regulatory regime for stablecoin and the proposal for a UK digital pound. 

Tess has significant experience in liaising with regulators, policy development and regulatory reform in financial services and brings a practical 'in-house' mindset to her advisory work. Tess is a member of TheCityUK's Long-term Competitiveness Group and a number of the Financial Markets Law Committee Forums. She previously worked in the Finance teams of two magic circle law firms.