Stuart Davis

  • Associate
  • Estuart.davis@lw.com
  • 99 Bishopsgate
  • London EC2M 3XF
  • United Kingdom
  • T +44.20.7710.1821
  •  
 

Profile

Stuart Davis is an associate in the London office of Latham & Watkins and a member of the Financial Institutions and Financial Regulatory Practices and the FinTech Industry Group. Mr. Davis has a wide range of experience advising broker-dealers, investment, retail and private banks, technology companies, market infrastructure providers, investment managers, hedge funds, and private equity funds on complex regulatory challenges.

Mr. Davis has considerable experience advising clients on the domestic and cross-border regulatory aspects of cutting-edge FinTech initiatives, including technology innovations in market infrastructure, tokenization, trading, clearing and settlement, lending (including crowdfunding), payments, and regulatory surveillance. Recently, Mr. Davis has advised a number of financial institutions on the impact of MAR and MiFID II on their businesses, and has assisted institutions on their FX remediation projects, market conduct issues, best execution compliance, CASS compliance, systems and controls, governance, regulatory reform, and the implications of Brexit for financial institutions.

Mr. Davis is recognized by the Legal 500 UK as a Next Generation Partner for FinTech, was named as a 2019 Rising Star by Law360 in its FinTech category and was honored by the Lawyer Magazine in the “Disruptors” section of its “Hot 100 2018,” an annual report identifying the UK’s “most daring, innovative and creative lawyers.” 

 

Experience

Mr. Davis’ recent highlights have included advising:

  • A consortium of leading financial institutions on their innovative blockchain settlement project*
  • A major financial market infrastructure provider on implications and opportunities of blockchain for its business*
  • A startup on the regulatory implications of developing a blockchain-based securities settlement system and on its successful application to the FCA’s Innovation Hub* 
  • A major CCP on the compatibility of its clearing structure with the FCA rules, including CASS and EMIR*
  • A technology company on its innovative best execution compliance tool under the new MiFID II framework*
  • A leading global investment bank with drafting its internal policies on blockchain and Bitcoin*
  • A peer-to-peer lending platform on technical aspects of its application to the FCA for Part IV permissions*
  • A broad range of clients on their implementation of post-financial crisis regulatory reform measures, including MiFID II, MAR, EMIR, CASS, AIFMD, Benchmark Regulation, consumer credit, payments and mortgage reform*
  • A number of international banks and broker-dealers on the impact of Brexit on their businesses and developing contingency plans for the potential restructuring of their EU operations*
  • A leading investment bank on its implementation of the PS14/9 changes to the CASS rules*
  • The group of banks and credit card issuers behind the CPP consumer redress scheme under section 404F(7) of FSMA for mis-sold insurance products. This was the largest consumer redress scheme of its kind involving over 7 million customers*
  • A leading private bank on redrafting and simplifying its suite of secured and unsecured wholesale and retail lending documentation, including a complex cross-currency lombard facility*

*Matter handled prior to joining Latham

 

Thought Leadership

  • Review of the EU Benchmarks Regulation -  October 17, 2019
  • ESMA’s Consultation Paper on the MAR Review -  October 11, 2019
  • Research Unbundling — FCA Finds Rules Working Well -  September 23, 2019
  • Key Emerging Regulatory Issues and Focus Areas for Institutional Asset Managers -  September 19, 2019
  • Latest UK Developments on the Regulation of Cryptoassets -  August 02, 2019
  • FCA Confirms SMCR Optimisations -  July 26, 2019
  • 10 Key Regulatory Focus Areas for UK/European Wholesale Markets in 2019 – Progress Report -  July 02, 2019
  • EU Kicks Off MAR Review -  May 16, 2019
  • FCA Fires Warning Shot to Brokers in Wholesale Markets -  April 30, 2019
  • UK’s Proposed “Online Harms” Compliance and Enforcement Regime Will Target Platforms -  April 10, 2019
  • Will Developments in the UK’s Regulation of Cryptoassets Bring Them Into The Mainstream? -  March 25, 2019
  • Will Regulatory Reform Make Cryptoassets the Next Buyout Boom for Private Equity?  -  March 13, 2019
  • MiFID II Costs and Charges — Room for Improvement -  March 01, 2019
  • Payment Systems Regulator Finalizes Scope of Card Acquiring Market Review  -  February 01, 2019
  • Brexit and Financial Services — FCA Issues Further Guidance for Firms -  February 01, 2019
  • Regulating Crypto-assets and ICOs? ESMA and EBA Consider the Benefits -  January 24, 2019
  • FCA Consults on Further Amendments to the SMCR -  January 23, 2019
  • Brexit and Financial Services — UK Equivalence Decisions -  January 21, 2019
  • European Commission Report on the Operation of the AIFMD -  January 15, 2019
  • Brexit and Financial Services — Temporary Permissions -  December 18, 2018
  • FCA Finalises Changes to its Financial Crime Guide -  December 14, 2018
  • FCA to Clarify Scope of the Client Dealing Function -  November 30, 2018
  • Brexit and Financial Services — Onshoring MiFID II -  November 05, 2018
  • UK Cryptoassets Taskforce Publishes its Final Report -  October 31, 2018
  • Regulation Driving Banking Transformation -  October 23, 2018
  • A New Sheriff in Town? UK MPs Call for Regulation of “Wild West” Crypto-assets  -  September 20, 2018
  • Private Equity and Blockchain: New Infrastructure or New Asset Class?  -  August 30, 2018
  • FCA to Create Global Financial Innovation Network -  August 08, 2018
  • Payment Systems Regulator to Review Card Acquiring Market on Competition Concerns -  August 01, 2018
  • First Details of Brexit Temporary Permissions Regime Published — Key Questions Answered -  July 27, 2018
  • Crypto Utopia -  July 17, 2018
  • Regulators Publish Final Rules on SMCR Extension -  July 04, 2018
  • UK Financial Services Regulators Warn Firms About Risks of Exposure to Crypto-assets  -  July 02, 2018
  • FCA Supports Guidelines on the Open Banking Fall-Back Provisions Exemption -  July 02, 2018
  • The MiFID II Inducements Regime -  May 08, 2018
  • New Kid on the Block – New UK Payment System Operator Takes Over  -  May 02, 2018
  • Cryptocurrencies and Prepaid Cards Face Closer AML Regulation in the EU -  May 01, 2018
  • Commission Publishes Study of EU Market in Retail Investment Products -  April 30, 2018
  • Opening Up Access to UK Payment Schemes -  April 20, 2018
  • Are Your Employees Trading Bitcoin? Addressing Cryptocurrencies in Compliance Policies -  April 13, 2018
  • FCA Statement on Cryptocurrency Derivatives  -  April 06, 2018
  • Next Steps in the Asset Management Market Study -  April 05, 2018
  • FCA Proposes New Guidance on Financial Crime Systems and Controls -  March 28, 2018
  • UK Government’s First FinTech Sector Strategy Launched at the International Fintech Conference -  March 23, 2018
  • Transforming Culture in Financial Services — The FCA Renews Its Approach -  March 16, 2018
  • FCA Sets Expectations on Algorithmic Trading -  February 27, 2018
  • BaFin Publishes Statement on ICO and Token Regulation -  February 27, 2018
  • Swiss Regulator Publishes ICO Guidelines  -  February 23, 2018
  • Global Ambitions for the FCA’s Sandbox -  February 20, 2018
  • What Next for Distributed Ledger Technology? -  December 21, 2017
  • FCA to Take a Closer Look at ICOs -  December 19, 2017
  • Payments Innovation and Competition in Retail Banking Services Stay High on FCA Agenda for 2018 -  December 08, 2017
  • UK Budgets for Fintech Growth -  November 24, 2017
  • ESMA Provides Further Clarity on Initial Coin Offerings in Europe  -  November 22, 2017
  • ECB Announces Support for Fintech Bank Applicants  -  November 20, 2017
  • ESMA Highlights EU Regulatory Rules Applicable to ICOs -  November 17, 2017
  • Regulatory Sandboxes — a Global Stocktake -  November 13, 2017
  • Europe as a Hub for Initial Coin Offerings?  -  November 07, 2017
  • Distributed Ledger Technology in the Financial Market Infrastructure  -  October 27, 2017
  • Coining It In: ICOs As the New Fundraising Paradigm? -  September 05, 2017
  • The (Potentially) Long Arm of the SMCR -  August 24, 2017
  • Bank of England Opens Up Access to Payment Schemes for FinTech Firms  -  July 25, 2017
  • MiFID II – Second Policy Statement and Further Consultation -  July 05, 2017
  • Up into the Clouds?  -  June 22, 2017
  • FCA Regulatory Sandbox Update: Successes in Round One, Application Window for Round Three Open  -  June 16, 2017
  • Banking on IT -  May 26, 2017
  • Bank of England Launches Blueprint on New RTGS Service -  May 16, 2017
  • European Parliament’s Committee on Economic and Monetary Affairs Publishes Fintech Report -  May 14, 2017
  • FCA Launches Discussion on Distributed Ledger Technology -  April 20, 2017
  • Significant Updates to ESMAs Q&A on MiFID II Market Structures -  April 07, 2017
  • FCA’s Latest Papers on the Implementation of MiFID II -  April 03, 2017
  • Blockchain – A New Era for the Energy Market?  -  March 23, 2017
Visit the London Financial Regulatory Portal – A comprehensive resource to help navigate regulatory reforms.
Bar Qualification
  • England and Wales (Solicitor)
Education
  • MA (Hons), University of Cambridge, 2011
  • BA (Hons) Law, University of Cambridge, 2007
Practices
  • Capital Markets
  • Emerging Companies
  • Banking
  • Financial Regulatory
  • Derivatives