• London

    T: +44 20 7655 5528
    F: +44 20 7655 5259

Barnabas W.B. Reynolds


Barnabas Reynolds is head of the global Financial Institutions Advisory & Financial Regulatory Group and is Global Co-Head of Financial Institutions for the firm. He advises the full range of financial market participants on their businesses in the London and European markets. His practice focuses on financial institution law and regulation and legal risk management, national and cross-border. From 2010 to 2014, he served as an elected member of the firm’s Policy Committee. Barnabas is recognised as a leading UK and EU financial regulatory lawyer by Chambers UK and Legal 500, is named as a Law360 MVP and is in The Lawyer Hot 100 list.

Barnabas advises on the implementation and impact of the EU/UK regulatory reforms arising out of the recent financial crisis and how local initiatives fit into the global regulatory architecture including on the impact and implementation of MiFID II, regulatory capital, recovery & resolution, ring-fencing, the EU single market program, Ukraine/Russia sanctions, anti-money laundering issues and shadow banking reforms. He has been actively involved in helping to shape, analyze and comment upon the global regulatory reforms and often serves as a panelist in reform-focused events held by institutions such as the Financial Times, Quadrilateral and Chatham House. Barnabas frequently writes on financial regulatory reform issues.  More recently Barney has been advising financial market participants on the potential impact of Brexit on their businesses.

Selected Experience

  • Abu Dhabi Global Market (ADGM) on its establishment as an international financial centre in the U.A.E.
  • Involved in all significant recent Greek bank recapitalisations, including:
    • Piraeus Bank, Greece’s second largest lender by assets, on its €4.9 billion recapitalization
    • Eurobank, the third largest bank in Greece by assets, on its €2 billion recapitalization
    • Bondholders on the recapitalization of the National Bank of Greece
  • ICE Inc. on the European regulatory aspects of its approximately $11 billion acquisition of NYSE Euronext, subsequent carve-out of LIFFE and spin-off of the Euronext continental cash equity markets
  • The underwriters, led by Morgan Stanley, Deutsche Bank and ABN AMRO, on the international aspects of ABN AMRO’s €3.8 billion IPO and listing of shares on the Amsterdam Stock Exchange - the largest-ever Dutch privatization and the largest-ever Dutch IPO to date
  • Various financial institutions, their boards and individual directors and executives on conducting internal investigations, implementing compliance programs, regulatory investigations and enforcement and regulatory risk

Selected Publications

  • Author of A Tempulate for Enhanced Equivalence: Creating a Lasting Relationship in Financial Services between the EU and the UK, POLITEIA, 10 July 2017
  • Author of A Blueprint for Brexit: The Future of Global Financial Services and Markets in the UK, POLITEIA, 2 November 2016
  • Co-editor of Sweet & Maxwell’s Journal of International Banking Law and Regulation
  • Contributing author of How to Leave the EU: What’s Best for Britain, Best for the EU?, New Direction / POLITEIA, 10 March 2017
  • Co-author of Shipowners’ Limitation of Liability, Kluwer Law, 2012
  • EU-managed control of euro clearing is not viable – FT.com, 15 May 2017
  • UK Safer For City’s Financial Sector than EU – POLITEIA, 3 May 2017
  • The Abu Dhabi Global Market – Legislative Framework, Approach and Methodology, JIBLR (with others)
  • What Next? The Shape of the UK-EU Financial Services Deal”, POLITEIA, 20 January 2017
  • Opportunities after Brexit: a Financial Free Zone Within the City”, JIBLR
  • “The UK’s natural advantages mean the City can continue its dominance post-Brexit”, The Telegraph, 23 November 2016
  • “Brexit: implications for the insurance and reinsurance industry”, JIBLR, (with Andreas Löhdefink, Thomas Donegan and Mak Judge)
  • “Brexit: Significant Opportunities for a Regulatory Reboot”, Banking Perspectives, Q3, 2016, The Clearing House (with Thomas Donegan)
  • “Brexit - Opportunity for a Reboot of Financial Regulation”, JIBLR (with Thomas Donegan)
  • “After Brexit…”, The Banker, August 2016
  • “Brexit: why wait and see is the best policy for the financial markets”, JIBLR
  • “Early Bank Recovery and Resolution Directive (BRRD) experiences: lessons learned from Greece”, JIBLR (with Ellie Teo)
  • “Americanisation of UK sanctions?”, IFLR (with James Campbell)
  • “The Effects of Trans-Atlantic Reform on Margin for Uncleared Swaps: Balancing the Risks and Benefits of Uncleared Swaps”, JIBLR (with Donna Parisi)
  • “Individual Accountability: Senior Managers and Beyond”, Banking Perspectives, Quarter 4 2015, The Clearing House (with Reena Agrawal Sahni)
  • “Margin for Error: Balancing the Risks and Benefits of Uncleared Swaps,” Banking Perspective, Quarter 4 2014, The Clearing House (with Donna Parisi)
  • “Is the Client Assets Regime on the Right Track? Transatlantic Perspectives on Client Assets
  • Post-Lehman,” JIBLR
  • “Client money trusts: time for a rethink?,” PLC Magazine
  • “Treating compliance fairly: is compliance being asked to achieve the impossible?,” Thomson Reuters
  • “Shipshape banks: Shipping has a lesson for bank resolution,” Financial World
  • “Shadow banking: are the shadows really the banks? - opinion,” IFLR
  • “Europe: Sewing on the shadows: a lawyer’s take on Peter Pan banking,” IFLR
  • “Whither financial centres? - a legal and regulatory perspective”
  • “MiFID II: A cure for all ills?,” IFLR (with Thomas Donegan and Anna Doyle)
  • “What’s broken with the UK’s client asset and money protections and how to fix it,” JIBLR (with Thomas Donegan, Azad Ali, Aatif Ahmad)
  • “It’s not just about “black swan” events’,” FT.com
  • “FSMA banking business transfers: choosing the right route,’’ PLC (with Thomas Donegan)
Connect With Us