Tracey is a partner in the London office of Pallas Partners LLP. She is an experienced English solicitor whose practice focuses on financial services regulatory and corporate internal investigations and disputes.
Tracey has extensive experience acting on behalf of financial services and corporate clients in global regulatory investigations, representing both firms and individuals under investigation by the Financial Conduct Authority, the Prudential Regulation Authority, the Serious Fraud Office, and other global regulators and prosecutors. She has managed all manner of investigations, including allegations relating to issues arising out of the 2008 financial crisis, financial crime (in particular anti money-laundering, transaction monitoring and bribery), market abuse, cybersecurity and data loss/theft, tax-related and whistleblowing investigations. Tracey is adept at advising financial institutions and large corporates in all areas of crisis management.
Tracey has also led and successfully concluded significant value and high profile litigation disputes through dismissals, mediation, settlement and, where necessary, through trial.
Representative Matters
- Advising a global financial services company in investigations by the Serious Fraud Office
- Advising a leading international financial institution in relation to a whistleblowing investigation by multiple global regulators, including the FCA and PRA, into the bank and a senior executive
- Advising a global bank in relation to investigations commenced by the FCA into the firm’s systems and controls and regarding its cooperation with the regulators avoiding regulatory enforcement against the firm and senior individuals
- Leading investigations into IT Security, MCOB and FCA rule regulatory breaches for a large multinational, liaising as key contact with regulator, and bringing items to conclusion successfully without negative impact to business and individual employees
- Advising FTSE 50 and large corporates in response to Section 2 Notices served by the Serious Fraud Office, data requests from HMRC and other international authorities in relation to investigations into practices of its competitors
- Advising a bank and a multinational in relation to cyber and data loss issues and avoiding regulatory enforcement
Other Distinctions
Publications
February 2020 - Airbus Ground-breaking Regulatory Settlement, Lexology
April 2020 - Covid-19 Unlike To Excuse UK Financial Regulatory Violations, Law 360
April 2020 – Insights: The Financial Conduct Authority’s Business Plan: 2020/2021, Lexology
Speaking Engagements
- November 2016 – In-house Innovation & Change Management - Consero Corporate Compliance Conference
- June 2017 – Internal Investigations & Legal Privilege, The Lawyer, In-house Financial Services Conference 2017
- July 2017 – Litigation Management and Hot-spots in Disputes, Legal Business Commercial Litigation Summit
- July 2017 – The Future of Dispute Resolution, Global Pound Conference
- September 2018 – Cooperation with the Regulators, Forum on European Banking Enforcement
- November 2018 – Business & Gender Diversity: Are businesses ticking boxes? Legal Week Connect
- March 2019 – Equality & Diversity, Legal Practice Managers Association Annual Conference
- September 2019 – Leading Investigations: The view from in-house, Forum on European Banking Enforcement
- November 2019 – Scrutiny of Lawyers in Regulatory & Criminal Investigations, The Lawyer Managing Risk & Litigation Conference
- February 2020 – Driving A Change in Culture, Legal Business Financial Regulatory & Disputes Summit
Steering Committees
- Global Pound Conference, London 2017
- Forum on European Banking Enforcement 2018-2020 including Co-Chair 2019 and 2020
- Legal Business Financial Regulatory & Disputes Summit 2019 and 2020
Prior Experience
Head of Litigation Investigations & Enforcement UK and EME, Barclays
Executive Counsel, Litigation Centre of Excellence, General Electric
Associate, Herbert Smith
Judicial Assistant to the Court of Appeal, England & Wales