John Budd

I have significant experience of licensing matters and conduct of business rules. I regularly liaise with the FCA and PRA on behalf of clients and support the financial regulatory aspects of corporate transactions.

I am listed as a "rising star" for financial services (non-contentious) by IFLR1000 and an "associate to watch" in Chambers and Partners UK for payments law.

My recent work highlights include advising (including prior to joining Fieldfisher):

• CAB Payments on its IPO, the first by a bank holding company in the UK since 2017;
• a fintech client with implementation of the Consumer Duty;
• a mortgage servicer in relation to the Senior Managers Regime and FCA outsourcing rules;
• an investment bank with the launch of a cash pooling product in 25+ jurisdictions;
• a cryptoasset firm on an interest-bearing product, including analysis of regulated activities and financial promotion rules;
• a universal bank on its preparations for resolution;
• a fintech client in relation to certain AML breaches, including disclosure to the FCA; and
• a syndicate of banks on their participation in the New Payments Architecture.

Before returning to private practice at a leading international firm, I worked at the Bank of England. I draw on this experience at a regulator when advising clients to cut through complexity and achieve practical solutions.