Image of Barney Reynolds

Barnabas Reynolds

Partner

Email

barney.reynolds@aoshearman.com

Phone

+44 20 7655 5528

Offices

London

V-CARD
Barnabas (Barney) is Global Co-Head of Financial Services Regulatory and Financial Institutions Sector Lead. He is one of the world's leading financial institution practitioners.

Barney specialises in banking, investment banking, derivatives, fund management, financial markets and financial infrastructure, payments, fintech, crypto and digital assets, insurance and reinsurance law and regulation, and enforcement actions, AML and sanctions. He has particular expertise in UK and EU regulation, but also advises on navigating legal and regulatory systems worldwide. He has special familiarity with Abu Dhabi Global Market (ADGM), having set it up, and Dubai International Financial Centre (DIFC).

Barney is a leading thinker on how law and regulation affects commercial activities. He is often considered a pathfinder and provides strategic advice to financial services firms on how to plot the most efficient course through law and regulation in a domestic and cross-border context; on the use of legal reasoning to achieve legal and regulatory certainty; and in engaging productively with the regulators and government officials. He assists firms in planning for and managing emerging risks from legal and regulatory change. He advises C-suites and Boards on business issues through a legal and regulatory lens. He has helped numerous well-known clients with business transformation.

Barney advised the UK government and numerous businesses in the context of the legal and other implications of leaving the EU, and how to navigate them. He has conceived and established new legal systems in the Middle East and elsewhere. He is interviewed and published widely, regularly writing articles in national newspapers. He speaks at conferences on global developments and participates in for a of regulators with new ideas for the application and adjustment of regulation. He is frequently called to give evidence before Parliamentary Committees.

Experience

Representative matters

Highlights
  • Morgan Stanley, Citi, Bank of America, Wells Fargo and numerous hedge funds on the SVB and Credit Suisse situations.
  • The companies or creditors in all significant recent Greek bank recapitalisations, including Piraeus Bank on its EUR4.9 billion recapitalisation, Eurobank on its USD2bn recapitalisation and bondholders on the recapitalisation of the National Bank of Greece, having done many of the restructurings since BRRD, including advising the lower Tier 2 bondholders on the first ever creditor bail-in of a UK bank without taxpayer support in connection with The Co-operative Bank’s GBP1.5bn recapitalization plan. Awarded Most innovative law firm in finance law by the Financial Times Innovative Lawyers Awards, 2014 and Financial Regulation Team of the Year by (IFLR100 Europe Awards, 2014.
  • Intercontinental Exchange (ICE) in its establishment of ICE Clear Europe as the first new derivatives clearing house in London since 1880 and other transformative transactions such as the European regulatory aspects of its approximately USD11bn acquisition of NYSE Euronext, subsequent carve-out of LIFFE and spin-off of the Euronext continental cash equity markets.
  • Citi on its acquisition of ING’s Custody and Securities Services Business across Central and Eastern Europe. Awarded Financial Regulation Team of the Year by IFLR Europe Awards, 2014.
  • Day-to-day advisory work for, e.g., ABSA, ADGM, Attestor, Bank of America, Barclays, Blackstone, Bradesco, Canaccord, Citadele Bank, Citi, ClearToken, Coinbase, DBJ, DTCC, Evercore, Fairfax, First Eagle, Goldman Sachs, Hudson River Trading, ICE, Intuit, Itaú, J.P. Morgan, JBIC,   Jeffries, King Street, Mizuho, Morgan Stanley, Natixis, RBC, SGX, Sompo, SWIFT, Unicredit, Wells Fargo, Worldwide Payments, x-clear, ZKB.
Structuring and facilitating acquisitions and disposals of financial businesses.
  • ICE Inc. on its EUR275 million acquisition of a strategic stake in Euroclear plc from The Royal Bank of Scotland Group plc.
  • Members of management of Canaccord Genuity Group on their attempted takeover bid to acquire all of the issued and outstanding shares in Canaccord.
  • 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. Awarded “Financial Regulation Team of the Year” by IFLR Europe Awards, 2014.
  • Citi on its acquisition of ING’s Custody and Securities Services Business across Central and Eastern Europe. Awarded “Financial Regulation Team of the Year” (IFLR Europe Awards, 2014).
  • Establishment and sale of NewEdge.
  • J.P. Morgan sell-off of Post Office Bank.
Insolvency/Restructurings 
  • Temasek on claims over its investment in FTX. 
  • Morgan Stanley, Citi, Bank of America, Wells Fargo and numerous hedge funds on the SVB and Credit Suisse situations. 
  • Abu Dhabi investors on the acquisition (and subsequent disposal) of certain debt and equity interests in Barclays Bank plc.
  • Daiwa restructuring. 
  • Lower Tier 2 bondholders on the first ever creditor bail-in of a U.K. bank without taxpayer support in acquiring 70% of shares in The Co-operative Bank in connection with the bank’s £1.5 billion recapitalization plan. Awarded “Most innovative law firm in finance law” by Financial Times Innovative Lawyers Awards, 2014 and “Financial Regulation Team of the Year” by IFLR100 Europe Awards, 2014.
  • A consortium of subordinated bondholders on the Bank of Portugal’s decision to place Banco Espirito Santo (BES) into “resolution”.
  • The companies or creditors in all significant recent Greek bank recapitalisations, including Piraeus Bank on its EUR4.9bn recapitalisation, Eurobank on its EUR2bn recapitalisation and bondholders on the recapitalisation of the National Bank of Greece.
  • As part of a consortium, advising the Central Bank of Cyprus on the reduction of non-performing loans and other problem assets in the Cypriot banking system.
  • HSH Nordbank restructuring. 
  • Barclays and smaller firms on the recovery and resolution planning.
Legislative drafting, impact of new laws and regulations and legislative advice
  • Abu Dhabi Global Market on its establishment as an international financial center in the U.A.E, leading a team of over 50 lawyers drafting new laws and regulations for ADGM based on the common law method and U.K. regulation. Awarded “Financial Regulation Team of the Year” by IFLR Europe Awards, 2016; “Corporate Team of the Year” by Corporate Counsel Middle East Awards, 2016 and “Regulatory and Investigations Team of the Year” by British Legal Awards, 2016.
  • The Public Investment Fund on the establishment of NEOM.
  • The Public Investment Fund and The Red Sea Development Company on the establishment of The Red Sea Project.
  • The Royal Commission for Al-Ula on the establishment of a new special zone at Al-Ula. The new zone will focus on heritage and culture, as well as eco-tourism and adventure activities.
  • A special economic zone in Anaklia City, Georgia, on the development of its legal and regulatory framework. 
  • The Colombo International Financial City, on the development of a special financial zone in Colombo, Sri Lanka, that is expected to become an International Financial Centre.
  • The government of Ras al Khaimah on its companies registry and related legislative framework.
  • U.A.E. government on reforming its financial regulatory framework and drafting underlying legislation. Recognized as “Standout” regulatory team by FT Innovative Lawyers Awards, 2012 and awarded “Regulatory Team of the Year” by Legal Business Awards, 2012.
  • Numerous institutions and infrastructure providers on new laws and regulations in the U.K. and elsewhere.
Insurance
  • Blackstone on financing of insurance-related bailouts.
  • Fairfax takeover of Brit plc. Awarded “Financial Regulation Team of the Year” by IFLR Europe Awards, 2016.
  • Sompo on its USD6.3bn acquisition of insurer and reinsurer Endurance Specialty Holdings.
Derivatives regulation
  • Various hedge funds, banks, central banks, development banks and corporates on derivatives clearing, reporting and conduct of business requirements under the EMIR, encompassing the scope of the requirements, exemptions, extraterritorial issues, intragroup agreements, policies, negotiations with counterparties on new documentation and methods for compliance, including through adherence to the various ISDA protocols.
Compensation
  • Various financial institutions (including State Street and Wells Fargo) on various aspects of compliance with the U.K. FCA/PRA’s Remuneration Code.
Regulatory disputes, investigations, enforcement proceedings and litigation
  • A hedge fund on a market abuse investigation.
  • An algorithmic trading firm on an enforcement matter.
  • Citadele Bank, a Latvian Bank which had significant market exposures, on various ongoing regulatory matters, including producing a review of the existing shareholder and governance arrangements between Citadele Bank and its shareholders.
  • TBC Bank (U.K. listed; Tbilisi), a Georgia bank on regulatory issues.
  • The administrator and various banks on events arising from the manipulation of LIBOR and FX.
  • Data firm on investigation into usage of financial data.
  • Various financial institutions, their boards and individual directors and executives on conducting internal investigations, implementing compliance programs, regulatory investigations and enforcement and regulatory risk, including on issues related to insider dealing, market abuse, market manipulation, disclosure, confidentiality of information, anti-money laundering issues and sanctions compliance.
AML/sanctions/cyber
  • Various financial institutions on compliance with anti-money laundering, sanctions and cybersecurity compliance, e.g., Citi, SMBC, Unicredit, Danske.
  • The Cayman Islands and the UAE in removing themselves from the “blacklists” of FATF and the EU.
Establishing new financial institutions and infrastructure providers
  • Intercontinental Exchange on its partnership with Abu Dhabi National Oil Company and nine of the world’s largest energy traders to establish ICE Futures Abu Dhabi, a new exchange in Abu Dhabi Global Market hosting the world’s first Murban crude oil futures contracts.
  • ICE Clear in its establishment as the first new derivatives clearing house in London since 1880.
  • ICE on its establishment of a CDS central counterparty in Europe and the U.S. Awarded “Most Innovative work by a Law Firm” in the field of exchange-traded or centrally cleared derivatives by FOW 2009 and awarded “Structured Finance/Debt Capital Markets Team of the Year” by Legal Business, 2010.
  • ICE Clear Singapore and ICE Futures Singapore on establishing their clearing and exchange businesses in Singapore.
  • SIX x-clear in becoming the second (parallel) central counterparty for the London Stock Exchange. Recognized as “Standout” by FT Innovative Lawyers Awards 2009.
  • SIX x-clear on providing clearing services to a number of MTFs trading in equities and other products, including establishing various clearing arrangements.
  • The Depository Trust & Clearing Corporation (DTCC) on setting up of a new subsidiary, DTCC Derivatives Repository Ltd, a new global repository for OTC derivatives based in Europe. Recognized as “Standout” regulatory team by FT Innovative Lawyers Awards, 2011.
  • LMAX Limited on the establishment of a retail derivatives platform.
New funds, financial services and products
  • Various institutions on the development of new funds (e.g., Bank of America Merrill Lynch, Eurazeo), financial services and products (e.g., Morgan Stanley, Deutsche Bank, ADNOC, Coinbase, Alpha FX).
Outsourcings
  • Many of the main institutions on business process, IT and offshore outsourcings, including Citi to Amazon Web Services (cloud services), Citibank to J.P. Morgan (in relation to the U.K. Post Office’s “Universal Bank”), Deutsche Bank to State Street (back office services), CSFB to Bank of New York (back office services), Citibank to ABN AMRO (back office services), WestLB to Hewlett Packard (IT), Lloyd’s to Ins-Sure (a joint venture with Xchanging, in relation to LPSO and LCO), Winterthur to Citibank (fund administration).
U.K. and EU regulatory aspects of capital markets offerings
  • Proprietary capital raisings by banks, e.g., Natwest.
  • Goldman Sachs, Morgan Stanley, Bank of America, Citi, Barclays and others on capital markets issues, including restrictions, stabilisation, analysts’ research, ethical walls and corporate publicity.
  • The underwriters, led by Morgan Stanley, Deutsche Bank and ABN AMRO, on the international aspects of ABN AMRO’s EUR3.8bn IPO and listing of shares on the Amsterdam Stock Exchange—at the time this was the largest-ever Dutch privatisation and the largest-ever Dutch IPO to date.
  • The underwriters, led by RBS Securities, on The Royal Bank of Scotland’s USD2.65bn AT1 Offering.
  • The underwriters, led by RBS Securities, on The Royal Bank of Scotland’s $1.5 billion senior notes offering.
  • ICE, as selling shareholder, and Euronext N.V. on the €1.3 billion sale of Euronext’s ordinary shares through an initial public offering and pre-offering placement. Awarded “Equity Deal of the Year” by IFLR1000 European Awards, 2015.
Many firms around the world on Brexit-related adjustments
  • Bank of America, Barclays, Deutsche Bank, Credit Suisse, Barclays, Oppenheimer and smaller banks such as ABSA (which he set up in the U.K.) and Stifel.
FinTech, Digital Assets and Crypto
  • Coinbase, a cryptocurrency exchange platform operator, on regulatory matters including the structuring of various transactions to be entered into by Coinbase in the future.
  • ClearToken on structural and governance issues for its proposed digital central securities depository and central counterparty.
  • QPQ, an innovative FinTech, on ongoing U.K. and EU regulatory matters, as well as on its position in the FCA sandbox, its crypto asset AML registration and on its application to the FCA’s Green Fintech Challenge.
  • U.K. Government on CBDC and crypto.
  • A FinTech savings platform at proof of concept stage on structuring products in light of the U.K. and EU’s regulatory perimeter.
  • A savings app on Brexit-related issues.
  • A cryptocurrency bank in relation to launching activities in the U.K.
  • A large client intending to establish a cryptocurrency payments and derivatives trading platform.
  • Various banks and investment banks on digital asset and crypto products and services.

Pro bono

Advising investors in London Capital & Finance plc on mis-selling claims (“Highly Recommended”, FT European Innovative Lawyers Awards, 2023).

Published Work

  • Co-editor of Sweet & Maxwell’s Journal of International Banking Law and Regulation
  • Howe M. K.C. and Reynolds B., (2023) “The European Research Group's Legal Advisory Committee Review and Assessment of the ‘“The Windsor Framework’” London: The European Research Group 
  • Reynolds B. and Samuel R., (2023) “Regulatory Accountability for Financial Services” London: POLITEIA
  • Barnabas Reynolds (with others), (2023) “Mutual Enforcement: The Key to Restoring Government in Stormont”, London: Centre for Brexit Policy
  • Barnabas Reynolds, (2023) “Plain Sailing for the ECB? Look out for the rocks!”, London: POLITEIA
  • Reynolds B., (2022) “Financial Services Post-Brexit – Capturing the Full Benefits”, London: POLITEIA
  • Reynolds B., (2022) “Rules for the Regulators – Regulating Financial Services After Brexit, London: POLITEIA
  • John Bolton, Con Coughlin, Dr John Constable, Alexander Downer AC, The Rt Hon David Jones MP, Prof David Jones, Dr Timothy Less, Catherine McBride, Edgar Miller, Prof Patrick Minford, Prof Gwythian Prins, Prof Michael Rainsborough, Barnabas Reynolds, Matt Ridley, The Rt Hon Sir Iain Duncan Smith MP, Prof Robert Tombs and Nick Wood, (2022) “Defining Britain’s Post-Brexit Role in the World”, London: Centre for Brexit Policy
  • Reynolds B., (2022) “Moving on from EU Law – Good for the Economy, Good for Business!”, London: POLITEIA
  • Reynolds B., Donegan T. and Linch O., (2022) “The value of English common law for new "special zones": a case study of two contrasting examples”, London: Trusts & Trustees
  • Donegan T., Reynolds B. and Linch O., , (2021) “On the Existence of a Pan-European Reverse Solicitation Regime under MiFID II, and Its Importance Following Brexit”, London: JIBLR
  • Barnabas Reynolds, (2021) “Restoring UK Law - Freeing the UK’s Global Financial Market”, London: POLITEIA
  • Martin Howe QC, Barnabas Reynolds, David Collins, James Webber, (2021) “The Lawyers Advise: UK-EU Trade and Cooperation Agreement – Unfinished Business?”, London: POLITEIA
  • Iain Duncan Smith MP, David Jones MP, Edgar Miller, Owen Paterson MP, Barnabas Reynolds, Lord Trimble and Sammy Wilson, (2021) “Mutual Enforcement – Antidote to the Northern Ireland Protocol”, London: Centre for Brexit Policy
  • Barnabas Reynolds, (2021) “A Prize Worth Striving For”, London: POLITEIA
  • Edgar Miller, Barnabas Reynolds and Lord Trimble, (2021) “Correcting the damage caused by the Northern Ireland Protocol”, London: Centre for Brexit Policy 
  • Barnabas Reynolds, (2021) “Trade’s Winning Ways – The UK’s Financial Sector And The EU”, London: POLITEIA
  • David Collins, Martin Howe QC, Edgar Miller, Barnabas Reynolds and Sir Ian Duncan Smith, (2020) “The EU Deal Unmasked: Twelve Reasons Why the UK Will Fail to Get a Canada-Style Deal”, London: Centre for Brexit Policy
  • David Collins, Martin Howe QC, Hans Maessen, Edgar Miller, Barnabas Reynolds, Sammy Wilson and Nick Wood, (2020) “Using Negotiating Leverage to negotiate a Sovereignty-Compliant Exit from the Transition Period”, London: Centre for Brexit Policy
  • David Banks, Bill Cash, David Collins, Martin Howe QC, Robert Lyddon, Hans Maessen, Edgar Miller, Owen Paterson MP, Barnabas Reynolds, Lee Rotherham. Robert Tombs, Lord Trimble, James Webber and Sammy Wilson, (2020) “Replacing the Withdrawal Agreement: How to ensure the UK takes back control on exiting the transition period, London: Centre for Brexit Policy 
  • Roger Bootle, Michael Burrage, Martin Howe QC, Ruth Lea, John Longworth, Hans Maessen, Edgar Miller, Patrick Minford, Owen Paterson MP, Matthew Patten, Barnabas Reynolds, Shanker Singham and Nick Wood, (2020) “Brexit Delayed is Brexit Denied”, London: Centre for Brexit Policy 
  • Barnabas Reynolds, David Blake and Robert Lyddon, (2020) “Managing Euro Risk: Saving Investors from Systemic Risk, London: POLITEIA
  • Barnabas Reynolds, (2020) “Non, non, non, M. Barnier! The EU poses the risk to the financial system, not the UK”, London: POLITEIA
  • Barnabas Reynolds, (2019), “UK and EU Financial Services: the Legal Framework for Free Trade after Brexit”, London: POLITEIA
  • Barnabas Reynolds, (2019), “Best for the Future, Best for the Interim: Free Trade for the Future”, London: POLITEIA
  • Barnabas Reynolds and James Webber, (2019), “The Withdrawal Agreement, State Aid and UK Industry: How to Protect UK Competitiveness”, London: POLITEIA
  • Barnabas Reynolds, (2019) “Legal Framework at ADGM Boosts Abu Dhabi’s Competitiveness as a Financial Hub”, London: The National
  • Barnabas Reynolds, (2019) “Winning ways: EU trade – UK financial law”, London: POLITEIA
  • Barnabas Reynolds, (2019) “Two legal systems – two cultures? Common Law v European civil law”, London: POLITEIA
  • Barnabas Reynolds, (2019) “Flawed in law, flawed for the UK’s financial sector!”, London: POLITEIA
  • Barnabas Reynolds, (2018) “Free Trade in UK-EU Financial Services – How Best to Structure a Brexit Free Trade Deal”, London: POLITEIA
  • Barnabas Reynolds, (2018) “EU-UK Financial Services After Brexit: Enhanced Equivalence – A WinWin Proposition”, London: POLITEIA
  • Thomas Donegan, Barnabas Reynolds and Kolja Stehl (2018), “European Commission clarifies position on insurance contracts post-Brexit”, Lloyd's List Insurance Day
  • Barnabas Reynolds, (2018) “How to strike the financial services trade deal. What to watch for in the EU negotiations”, London: POLITEIA
  • Barnabas Reynolds, (2018) “Davos – more good news than bad?”, London: POLITEIA
  • Barnabas Reynolds and Thomas Donegan, (2017), “Continuity of Contracts and Business on a “Hard” Brexit: Human Rights and Reverse Solicitation to the Rescue!”, London: JIBLR
  • Barnabas Reynolds, (2017) “The Art of the No Deal: How Best to Navigate Brexit for Financial Services”, London: POLITEIA
  • Barnabas Reynolds, (2017) “A Template for Enhanced Equivalence: Creating a Lasting Relationship in Financial Services between the EU and the U.K.”, London: POLITEIA
  • Barnabas Reynolds, (2017) “The Abu Dhabi Global Market – Legislative Framework, Approach and Methodology”, London: JIBLR
  • Joanna Perkins, Jennifer Enwezor and Barnabas Reynolds, (2017) "Caulking the ship": weather-proofing the legal framework for clearing services”, London: B.J.I.B. & F.L.
  • Barnabas Reynolds, Thomas Donegan and Michael Scargill, (2017) “Proposals to strengthen European regulators launched”, London: Lloyd's List Insurance Day
  • Barnabas Reynolds, (2017) “Whatever the payment, whatever the politics, it the law that counts”, London: POLITEIA
  • Barnabas Reynolds, (2017) “UK safer for City’s financial sector than EU”, London: POLITEIA
  • Barnabas Reynolds, (2017) “Next steps for financial services”, London: POLITEIA
  • Barnabas Reynolds, (2017) “What next? The shape of the UK-EU financial services deal”, London: POLITEIA
  • Barnabas Reynolds and Ellerina Teo, (2016) “Early Bank Recovery and Resolution Directive (BRRD) experiences: Lessons learned from Greece”, London: JIBLR
  • Martin Howe QC, Patrick Minford and Barnabas Reynolds, (2017) “How to Leave the EU: What’s Best for Britain, Best for the EU?”, London: New Direction / POLITEIA
  • Barnabas Reynolds, (2017) “U.K. Safer For City’s Financial Sector than EU”, London: POLITEIA
  • Barnabas Reynolds, (2017) “What Next? The Shape of the U.K.-EU Financial Services Deal”, London: POLITEIA
  • Barnabas Reynolds, (2017) “Enhancing Equivalence”, London: IFLR
  • Barnabas Reynolds and James Comyn, (2017) “Opportunities after Brexit: a financial free zone within the City”, London: JIBLR
  • Barnabas Reynolds, (2016) “A Blueprint for Brexit: The Future of Global Financial Services and Markets in the UK”, London: POLITEIA
  • Barnabas Reynolds and Thomas Donegan (2016) “Brexit: Implications for the insurance and reinsurance industry”, London: JIBLR
  • Barnabas Reynolds and Thomas Donegan, (2016), “Brexit: Significant Opportunities for a Regulatory Reboot”, London: Banking Perspectives, Q3, 2016, The Clearing House
  • Barnabas Reynolds and Thomas Donegan, (2016), “Brexit - Opportunity for a Reboot of Financial Regulation”, London: JIBLR
  • Barnabas Reynolds, (2016), “Brexit: Why wait and see is the best policy for the financial markets”, London: JIBLR
  • Barnabas Reynolds and Donna Parisi, (2016) “The Effects of Trans-Atlantic Reform on Margin for Uncleared Swaps: Balancing the Risks and Benefits of Uncleared Swaps”, London: JIBLR 
  • Barnabas Reynolds and James Campbell, (2016) “Americanisation of UK sanctions?”, London: IFLR
  • Barnabas Reynolds and James Campbell, (2015-16) “The carrot and the stick”, London: IFLR
  • Barnabas Reynolds and Reena Agrawal Sahni, (2015) “Individual Accountability: Senior Managers and Beyond”, London: Banking Perspectives, Quarter 4 2015, The Clearing House
  • Barnabas Reynolds and Donna Parisi, (2014) “Margin for Error: Balancing the Risks and Benefits of Uncleared Swaps”, London: Banking Perspective, Quarter 4 2014, The Clearing House
  • Barnabas Reynolds, (2014) “Is the Client Assets Regime on the Right Track? Transatlantic Perspectives on Client Assets Post-Lehman”, London: JIBLR
  • Barnabas Reynolds, (2014), “Client money trusts: time for a rethink?”, London: PLC
  • Barnabas Reynolds, (2012) “Cross-border complexities”, London: Banker
  • Anna Doyle, Thomas Donegan and Barnabas Reynolds, (2012) “A cure for all ills”, London: IFLR
  • Barney Reynolds, (2012), Co-author of Shipowners’ Limitation of Liability, Kluwer Law Barnabas Reynolds, Geoff Goldman and Aatif Ahmad, (2011) “Follow the leader”, London: IFLR
  • Barnabas Reynolds, Thomas Donegan, Azad Ali and Aatif Ahmad, (2010) “What’s broken with the U.K.’s client asset and money protections and how to fix it”, London: JIBLR
  • Bradley Sabel and Barnabas Reynolds, (2008-09) “Make money from the credit crunch”, London: IFLR
  • Danforth Newcomb, Philip Urofsky, Barnabas W.B. Reynolds and Bradley K. Sabel, (2008) “US government action has implications for non-US banks”, London: E-Finance & Payments Law & Policy
  • Thomas Donegan and Barnabas Reynolds, (2006) “FSMA banking business transfers: choosing the right route”, London: PLC 
  • Barnabas Reynolds and Thomas Donegan, (2004) “The pros and cons of UK exchange recognition”, London: IFLR
  • Barnabas Reynolds, (2000) “Globalising jurisdictions and Internet legal services”, London: JIFM
  • Barnabas Reynolds and James Smethurst, (2000) “Internet financial services: is there a wholesale solution to a retail problem?”, London: JIFM
  • Barnabas Reynolds, (1999) “Investment banks and Chinese walls”, London: JIFM
  • Barnabas Reynolds, (1999) “The introduction of the euro: further thoughts on the discharge of payment obligations under English law in participating states and currencies from January 1, 1999 to December 31, 2001”, London: JIFM
  • Barnabas Reynolds, (1996) “Shareholders' class rights: a new approach”, London: JBL
  • Barnabas Reynolds, (1996) “Stowing, trimming and their effects on delivery, risk and property in sales "f.o.b.s.", "f.o.b.t." and f.o.b.s.t."”, London: LMCLQ
  • Barnabas Reynolds, (1993) “Natural law versus positivism: the fundamental conflict”, London: OJLS
  • Barnabas Reynolds, (1992) “Legal aid and inequality where it really matters”, London: NLJ

Speaking Engagements

 

  • Guest Speaker, Inside Central Bank Digital Currencies, Abu Dhabi Finance Week, November 2023  
  • Panel Moderator, Bank Capital and Solvency, FMLC Quadrilateral, November 2023 
  • Guest Speaker, Major Financial Regulatory Challenges Ahead - Global, Regional and National, Cumberland Lodge Financial Services Summit, November 2023 
  • Guest Speaker, Commencement of UK Financial Services and Markets Act 2023, ADGM Summit, September 2023 
  • Guest Speaker, Global Regulatory Climate from a US Lens, Barclays Annual M&A Summit, September 2023 
  • Guest Speaker, Preparing for FCA Cryptoassets Financial Promotions Rules, Innovate Finance Webinar, July 2023 
  • Chair, Innovation, Digitalisation & the Future of AI Regulation, S&S Breakfast Summit, June 2023 
  • Committee Witness, Navigating the Fundamentals of Digital Finance, Parliamentary APPG on Financial Technology, May 2023 
  • Committee Witness, Regulating After Brexit, House of Commons European Scrutiny Committee, May 2023 
  • Panel Moderator, Internationally Co-ordinated Regulation of Digital Assets, CityWeek, April 2023 
  • Panellist, Strengths, Weakness, Opportunities and Threats for the UK FinTech Sector, Innovate Finance Global Summit, April 2023 
  • Panel Moderator, How to Achieve Internationally Co-Ordinated Regulation of Digital Assets?, CityWeek, April 2023 
  • Guest Speaker, The Proposed New UK Regulatory Framework for FinTechs and Digital Assets, Fintech Week, April 2023 
  • Panellist, Ethical Issues for the Transactional Lawyer in Global Practice, 22nd Annual Institute on Securities Regulation in Europe, March 2023 
  • Webinar Guest Speaker, How CBDCs will Happen in the Major Global Currencies, Future of Finance, March 2023 
  • Guest Speaker, Digital Assets Regulations, WealthTech Breakfast Series, March 2023 
  • Panel Moderator, The Economic Realities of ESG, Global Success Partnership Davos Summit, January 2023 
  • Webinar Guest Speaker, Regulation Burden on Digital Asset Custodians, Future of Finance, December 2022 
  • Panellist, How Will Policymakers Optimise Standards Whilst Deregulating Financial Services?, FT Banking Summit, November 2022 
  • Panellist, Central Bank Digital Currencies and Stablecoins, S&S Digital Finance Summit, November 2022 
  • Guest Speaker, The outlook for the UK and Europe, Cumberland Lodge Financial Services Summit, November 2022 
  • Panellist, Future Global Operating Model in Europe and the UK, Global Banking Regulation Review Conference, October 2022 
  • Panellist, State of the Global, UK and US Markets - Weathering the Economic Storm, Global Law Firm Leaders' Conference, October 2022 
  • Panellist, Technological Advancements - A New Regulatory Approach for Managing Financial Risk, FMLC Autumn Quadrilateral, October 2022 
  • Guest Speaker, Crypto Assets Regulation - Hidden Risks, Vermeg FutureFit Annual Conference, September 2022 
  • Panellist, Regulatory Developments Across the EU and What it Means for Global Banking, BPI TCH Annual Conference, September 2022 
  • Panel Moderator, The Move from a European to a UK Approach to Regulation, The Future of Financial Services Regulation Summit, September 2022 
  • Guest Speaker, Cryptocurrencies Regulation, Future of Finance, July 2022 
  • Podcast Guest Speaker, Digital Assets Meet Regulation, Vermeg, May 2022 
  • Panellist, Crypto and CBDCs: Regulation Now and in the Future, UK Fintech Week, April 2022 
  • Guest Speaker, When are FinTechs Regulated, UK Fintech Week, April 2022 
  • Committee Witness, The Role of the Courts and the Interpretation of Retained EU Law, House of Commons European Scrutiny Committee, March 2022 
  • Summit Moderator, The Pandemic and the World Economy, Global Leadership Summit, January 2022 
  • Panellist, How Will Banking and Financial Markets Evolve Post-Brexit, FT Global Banking Summit, December 2021 
  • Panellist, The City in Global Britain, HJS Virtual Event Series, December 2021 
  • Guest Speaker, The City's Post-Brexit Future as a Financial Hub, FMLS21, November 2021 
  • Panellist, Financial Services Post-Brexit, Cumberland Lodge Financial Services Summit, November 2021 
  • Panellist, Crypto assets, Stable Coins and Digital Currencies - Going Mainstream?, CityWeek, June 2021 
  • Guest Speaker, Is Governance a Barrier to Fintech Growth, FinTech Magazine Podcast, June 2021 
  • Guest Speaker, Making the TCA work for the UK, Politeia, May 2021 
  • Panellist, Post-Pandemic Leadership for Financial Services: How Can We Prevent the Debt-Buildup from Causing the Next Crisis?, Salzburg Finance Forum, April 2021 
  • Panellist, Post-Brexit opportunities and threats, CSFI Podcast Series, April 2021

Leadership Positions And Professional Affiliations

  • Member, “Star Chamber”, which advised MPs on Brexit legal documentation and issues
  • Member, TheCityUK Advisory Council
  • Committee Member, Financial Markets Law Committee 
  • Member, FCA / PRA Lawyers’ Consultative Group
  • Member, Chatham House
  • Board member, Economists for Free Trade
  • Board member, Digital Economy Institute

Recognition

“Barney Reynolds has great institutional knowledge and experience.” “Barney is excellent and very responsive.”
Chambers UK, 2024
“Barney’s depth of knowledge in financial services and his understanding of the complex foreign policy matters is key to his tactical advice.”
Chambers UK, 2023

Awards

  • “Highly Recommended”, FT European Innovative Lawyers Awards, 2023
  • “Law Firm of the Year”, Peer2Peer Finance Awards, 2023

Qualifications

Admissions

England and Wales, 2007 (Practising Certificate)

England and Wales, 1993

Academic

LL.M., University of Cambridge, Queens’ College, 1990

M.A., University of Cambridge, Downing College, 1989

Languages

English
Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.