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 practiced as a barrister) she also brings in-house experience as legal counsel at UBS and at the Financial Services Authority in the United Kingdom (now the Financial Conduct Authority).
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. Lucy also offers significant experience in advising on fintech. 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. Throughout Lucy's career she has assisted clients with putting regulatory policies, procedures and compliance monitoring programmes in place, as well as advising on the regulatory aspects of transactional documentations and service provider agreements. She has a long track record of assisting clients with contentious financial regulatory matters and investigations and handling relationships with regulators. 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.
