The firm has a wealth of experience in acting for banks, financial institutions, EMIs, PSPs, E-Wallets and other members of the payments chain.

Led by Tim Buckingham, the firm offers a broad range of services, from standard contractual documentation, disputes, third party supply contracts and, in particular, regulatory advice.

The financial services regulatory team has acted for over thirty institutions worldwide in applying for new licences, or updating licences to meet with the requirements of the ever changing regulatory landscape.

The team works closely with in house counsel, providing a mix of bandwidth and expertise to help meet the time led requirements of the business.

For smaller firms, the team often adopts an ‘of counsel’ role, acting as in house counsel to provide a seamless service. The essence of the division is to become part of the team for the institution, familiarising itself with the needs of the business and ensuring that advice is delivered in a timely and bespoke, user friendly fashion.

B&B does not believe that a law firm’s role should be simply to advise on the law. Increasingly clients are looking for a range of business advice to resolve the issues that they face.

B&B has therefore retained a number of consultants who are specialists in both risk and compliance, who compliment the legal work that is being delivered and who can, where required, assume roles such as acting CRO or MLRO.

Typically the firm can act on a retainer or fixed fee model, promoting cost certainty for your business. Experience includes;

• Acting for a leading bank in a case relating to the obligation to make payments to a merchant where the underlying transaction breached Card Scheme Rules, a case which laid the groundwork for the UK interpretation of the Payment Services Directive
• Acting for a number of European based institutions in their applications for a licence to continue to practice in the UK post Brexit, and for UK firms looking to continue to trade in Europe.
• Advising a number of European institutions on the implications if the UIGEA
• Drafting standard terms and conditions for a major institution
• Dealing with the implications of the collapse of Thomas Cook for a major European acquirer