Eleanor Wagg

Associate, Herbert Smith Freehills Kramer

Eleanor is an Associate who advises corporate clients on a range of non-contentious financial services regulatory matters. Her work includes advising on perimeter issues, change in control applications, and compliance with the Money Laundering Regulations (MLRs).

She supports clients in navigating regulatory frameworks and engaging with UK regulators, including the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). Eleanor also assists with the regulatory aspects of corporate transactions, as well as ongoing compliance and risk management for regulated firms.

Contributed to

1

Special resolution regime for central counterparties

Practice Notes

This Practice Note, produced in partnership with Kelesi Blundell, Dr Ioannis Asimakopoulos and Eleanor Wagg of Herbert Smith Freehills Kramer LLP, looks at the special resolution regime created for central counterparties by the Financial Services and Markets Act 2023. In particular, it considers the eight stabilisation options, the Bank of England (BoE)’s powers pre-resolution, the BoE’s power to appoint a temporary manager, the special resolution objectives, the conditions for exercise of the stabilisation power, valuations, share transfer instruments, property transfer instruments and resolution instruments.

Restructuring & Insolvency