Sidney Myers

Consultant, Financial Regulation

“He's somebody you'd want on your side having a go at the regulators; you feel comfortable with him on your side." (Client quote - Chambers 2013)
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Represented over 150 individuals during regulatory investigation interviews
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Biography

  • 36 years’ experience working in the UK and Hong Kong.
  • Primarily focused on regulatory investigations which span across multiple jurisdictions including the UK, Hong Kong, Japan, Switzerland, France, Italy, India, Cyprus, Ireland and the United States. 
  • Specialising in contentious regulatory work helping clients understand their regulatory responsibilities; advising senior managers in authorised firms. Extensive experience of assisting clients with internal investigations, s.166 skilled person reviews and related reputational issues.
  • Investigations range from: suspected LIBOR and foreign exchange manipulation, ‘rogue trader’ fraud, insider dealing, market abuse, information security, anti-money laundering procedures, structured retail products, Payment Protection Insurance, transaction reporting, client asset and client money rules, and mortgage lending and administration. 
  • Has also advised financial institutions on investigations involving a range of overseas regulators including the U.S. Department of Justice, CFTC, SEC, FBI, Japanese Financial Supervisory Agency, the Hong Kong Stock Exchange, the Securities and Exchange Board of India and the Autorité des marchés financiers in France.
  • Clients include: FCA authorised firms and dual regulated firms, including retail banks and investment banks, building societies, asset managers, insurers, intermediary adviser networks, stockbrokers, mortgage lenders, commodity traders and hedge funds, as well as directors and senior managers of authorised firms.
  • Recognised as 'Sole Star' in Individual Contentious Regulatory by Chambers 2010-2016.
  • Short-listed for Chambers 2013 Top 100 Business Lawyers in the UK 
  • Recognised as a 'Senior Statesman’ for  Financial Services: Contentious Regulatory, by Chambers 2018; as well as being consistently ranked in Legal 500.
  • A member of the FCA’s Lawyers Consultative Group and the Advisory Board of the Financial Services Lawyers Association.
  • Sidney is also a CEDR accredited mediator.

Contributing author to the Financial Regulation: Emerging Themes in 2018 publication – an extensive collection of articles on key topics including competition, individual accountability, financial crime, data protection, MiFID II and much more.

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Examples of Work

Sidney Myers examples of work Sidney Myers examples of work

FCA/PRA investigation

Represented a former Managing Director of a UK bank investigated by the FCA and the PRA following concerns about the bank’s management decision-making, governance and accounting practices. My client did not face any disciplinary action.

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Internal review after an FCA Enforcement Action

Represented six members of the sales team of a leading UK bank fined by the FCA for attempted manipulation of the Foreign Exchange market. Prepared them for interview by lawyers appointed by the bank and, in one case, by the US Department of Justice.

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Attempted manipulation of LIBOR

Represented a senior banker investigated by the FSA over his role in the attempted manipulation of LIBOR by the bank. The FSA agreed to drop the investigation following representations on behalf of my client.

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Compliance with the Client Assets sourcebook

Represented the CEO of an investment manager investigated by the FSA following concerns about the firm’s compliance with the Client Assets sourcebook (CASS). No disciplinary action was taken against my client.

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Bribery and corruption investigations

Advising the UK subsidiary of an overseas bank in relation to an investigation by the NCA into suspected corruption involving a staff member.

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Career Timeline

Sidney Myers career timeline
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