Thomas Donegan is a partner in the Financial Institutions Advisory & Financial Regulatory practice. Thomas has a broad financial regulatory practice, advising financial institutions, including banks, brokers, exchanges, clearing houses, fund managers, insurers, corporates and other end-users. His work includes advising on legal and regulatory issues arising in clients’ businesses, structuring, regulatory authorizations and licensing, change of control, compliance policies and procedures, client agreements and terms of business, incident management, investigations, enforcement and financial services disputes work.
Thomas has practiced as a specialist financial regulatory lawyer at Shearman & Sterling for 20 years.
Thomas’ clients have included most of the world's major banks including Bank of America Merrill Lynch, Citibank, JPMorgan, Goldman Sachs, HSBC, Morgan Stanley and ZKB, some of the major UK banks. Latin America banks and associations such as Bradesco, Itaú, Banco de Chile, Banco do Brasil and Asobancaria. He also advises market infrastructure providers such as ICE and historically the CME group and Eurex, as well as participants in such markets. His brokerage clients include Oppenheimer and he advises insurers such as Fairfax and Lloyd’s of London participants.
His recent work includes advising clients on dealing with the implementation and impact of the EU/UK regulatory reforms (e.g. EMIR, MiFID II, capital, recovery & resolution, governance, ring-fencing, anti-money laundering issues and shadow banking reforms) and more recently the challenges of Brexit. Thomas was among the team which advised the Abu Dhabi Global Market in the drafting of the laws for its financial centre; he also advises on ADGM and DIFC regulatory matters. He practices contentious regulatory work, recently advising a group of investors who lost their savings to London Capital & Finance plc on securing government compensation and successfully challenging the FCA’s decision on ex gratia compensation.