Competition policy

We are at the forefront of the UK financial services competition policy.  We have advised a main party to all of the major financial services competition investigations at the European and the UK level. We therefore have unparalleled understanding of the policy issues and processes around the investigations.

We support our clients by helping them define, argue and defend their case throughout the regulator’s investigation.

Our work covers all areas of competition investigations:

  • market investigations and sector inquiries;
  • mergers and acquisitions;
  • assessment of agreements and abuse of dominance;
  • state aid investigations;
  • regulatory risk and impact assessment; and
  • damages litigation.

Some of the notable cases we’ve worked on include:

  • Deutsche Boerse/London Stock Exchange Group merger (European Commission).
  • LIBOR and EURIBOR benchmark reference rates in interest rate derivatives contracts (European Commission).
  • Defined Contribution Workplace pensions market study (UK Competition and Markets Authority).
  • Credit default swaps (European Commission).
  • Digital comparison tools market study (UK Competition and Markets Authority).
  • Asset Management market study (UK Financial Conduct Authority).
  • Mortgages market study (UK Financial Conduct Authority).
  • Cash Savings market study (UK Financial Conduct Authority).
  • Credit Cards market study (UK Financial Conduct Authority).
  • Retail Banking market investigation (UK Competition and Markets Authority).
  • Private Motor Insurance market investigation (UK Competition and Markets Authority).
  • Mastercard interchange fees litigation (UK Competition Appeals Tribunal).