Barnabas (Barney) Reynolds is the Practice Group Leader of the firm’s Governance & Advisory practice. He heads up the global Financial Institutions Advisory & Financial Regulatory team and is also Global Head of our Financial Institutions industry Group. Barney is also a member of the firm's Executive Group.
Barney advises governments and all types of financial market participants on the London, European and global markets. He focuses on financial institution law, regulation and legal risk management, both domestically and cross-border. He is also immersed in the development of law, regulation and policy. He works with industry bodies, regulators and governments, and gives evidence before Parliamentary Committees. He has also helped set up new legal and regulatory regimes. Barney advises on the impact and implementation of developments such as MiFID II and other conduct of business changes, the EU IHC, governance expectations, regulatory capital, recovery & resolution and ring-fencing, sanctions and anti-money laundering, emerging eurozone regulation and "shadow" banking regulation.
Barney is advising many significant financial market participants on the potential impact of Brexit on their businesses. He has authored "A Blueprint for Brexit: the Future of Global Financial Services and Markets in the UK" and "A Template for Enhanced Equivalence: Creating a Lasting Relationship in Financial Services between the EU and the UK", published in November 2016 and July 2017 respectively. The Template forms the basis of the U.K. Government's proposed expanded equivalence model for trade in financial services between the U.K. and the EU post-Brexit. Barney has also authored "Free Trade in UK-EU Financial Services – How Best to Structure a Brexit Free Trade Deal", October 2018, in which he sets out how Enhanced Equivalence can be achieved through an all-encompassing Free Trade Deal, and proposes wording for a draft chapter. He has written numerous op-eds for leading newspapers and articles in legal publications from around the world on the implications of Brexit for financial services and other regulatory topics.