Lucy Frew is a partner based in Walkers' Cayman Islands office and heads the Global Regulatory & Risk Advisory Group. She joined in 2016 and brings more than 18 years' experience as a specialist financial regulatory and risk management advisory lawyer. As well as having advised financial institutions in private practice in international law firms in London since 2001 (prior to which she practised as a barrister) Lucy also has in-house experience as legal counsel at UBS and in the Enforcement Division at the Financial Conduct Authority in the United Kingdom.
Lucy and her team assist clients with all aspects of inspection preparation, remediation and compliance programmes in areas. They also advise on risk management, including helping financial sector to identify areas of risk or sensitivity, performing regulatory audits and mock inspections, with practical recommendations for improvement and help with implementation; providing training; minimising and mitigating litigation risk; insurance coverage; and public relations issues.
Lucy's clients are financial institutions across the international and domestic spectrum, including a range of banks, investment funds, administrators, investment managers, advisers, broker-dealers, arrangers, trading venues and insurance and reinsurance sector clients. She also has significant experience in advising on FinTech and virtual assets.
Typical matters range from strategic advice, regulatory gap analysis and regulatory impact assessments to the full range of financial regulatory applications and notifications, as well as day-to-day financial regulatory compliance, anti-money laundering and terrorist financing requirements, international sanctions, CRS and FATCA, economic substance, beneficial ownership marketing of investment products and services, confidential information and data protection, outsourcing, business continuity and disaster recovery, regulatory capital requirements, corporate governance, investigations, disputes and risk management.
Most of Lucy’s matters have a cross-border element and she frequently advises clients on extra-territorial regulatory impact, for example BEPS, AIFMD, MiFID II and GDPR considerations for non-EU entities or reflecting Cayman Islands regulatory requirements in the context of global policies and procedures.
