Liam is a financial services lawyer and has worked in the sector for over 6 years. Liam previously advised financial services firms on their risk and compliance frameworks before qualifying as a solicitor. He enjoys the challenge of untangling complex legal and regulatory issues and explaining them in a straight-forward manner which make commercial and practical sense.
Liam has substantial experience in advising on a breadth of legal, regulatory and governance issues across the consumer credit, retail banking, mortgages, payment services and insurance distribution markets. He has a thorough understanding of the Financial Services and Markets Act 2000, the Consumer Credit Act 1974, the Payment Services Regulations 2017, E-Money Regulations 2011, and the Financial Conduct Authority's Handbook of rules and guidance.
Notable work Liam has been involved in during his career include:
- undertaking a shadow "section 166" exercise on one the largest consumer finance lenders in the UK;
- implementing the Senior Managers & Certification regime and the impact of the regime on an equity mortgage firm's governance, reporting structure and board model;
- advising on the Financial Conduct Authority's authorisation process for a major FinTech in its project to begin offer regulated consumer credit loans to customers; and
- supporting a major lender's investment into a FinTech mortgage broker.
He also specialises in providing discrete advice in corporate transactions involving firms regulated by the Financial Conduct Authority as well as typical day-to-day legal queries such as drafting agreements for regulated products and providing advice on the regulatory perimeter.
Liam joined Shoosmiths in October 2022 having previously worked at Addleshaw Goddard and Walker Morris.