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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, including being named as a Law360 MVP and being included 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.

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

  • “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 Perspective, 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 (November 2014) (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 and Azad Ali)
  • Co-editor of Sweet & Maxwell’s Journal of International Banking Law and Regulation
  • Co-author of Shipowners’ Limitation of Liability, Kluwer Law, 2012
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