Rosemarie Paul specializes in UK financial regulatory matters, with a particular focus on regulatory investigations and enforcement proceedings involving the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).
Rosemarie joined Ropes & Gray’s Litigation and Enforcement practice in 2018 from the London office of another international firm. Prior to joining private practice in 2012 she was a member of the Enforcement and Financial Crime Department at the Financial Services Authority (FSA), where she provided legal advice to the investigatory teams within the Enforcement Division, led cases through Decision Committee and Upper Tribunal hearings and advised on applications for authorization and Approved Persons.
Rosemarie has a detailed understanding of the regulators’ supervisory process. She assists clients in anticipating and addressing issues that arise under the UK regulatory framework and is able to identify how the FCA and PRA regulatory requirements will affect her clients. She is also experienced in cross border investigations.
Rosemarie provides assistance to her clients in a number of areas, including:
- FCA/PRA investigations and enforcement
- Regulatory Decisions Committee Hearings
- Upper Tribunal Hearings
- FCA thematic reviews
- information requests
- cross border investigations
During her time at the FSA, Rosemarie advised on evidential case reviews and settlements and was involved in interviewing applicants for FSA Approval, regulatory proceedings taken against senior SIFs at high impact institutions, analysis and advice on CASS issues and preparing and presenting cases before the Regulatory Transactions Committee, the Regulatory Decisions Committee and the Upper Tribunal.
Her first-hand experience at the FSA gives her an excellent insight into the way enforcement proceedings are conducted. Thus, she is able to provide clients with practical, realistic and effective advice in dealing with and managing regulatory investigations. Because of her background at the FSA, she is able to help her clients interact positively with the regulators, facilitating greater cooperation and a positive relationship. Legal 500 praises Rosemarie for her “impressive work ethic, her attention to detail and ability to see the big picture beyond the detail.” Legal 500 also praises Ms. Paul for her “genuine interest behind the FCA’s "behavioural economics focus" and has read around this.”
Chambers UK describes Rosemarie as a "powerful lawyer" who is "very smart and a very good advocate," as well as being "very knowledgeable about the regulations." She is also noted as "pragmatic, very sharp and patient. She has a great manner with clients and she is empathetic but no-nonsense, which is a terrific combination."
Rosemarie is actively involved in pro bono projects with Lawyers without Borders, and she was part of the LWOB teaching faculty that conducted an advocacy training programme in Kenya for prosecutors, magistrates and Wildlife Service officers and has also been involved in LWOB educational programmes about human trafficking in Africa.
- Quoted, “ICO’s call for views on expanded powers keeps experts guessing,” Global Investigations Review (November 20, 2019)
- Quoted, “Are asset managers ready to take responsibility?,” Financial Times (September 21, 2019)
- Co-author, “Cyber Trends and Investigations in the European Union: A Practitioner’s Perspective,” The Guide to Cyber Investigations, first edition (2019)
- Co-author, “New FCA Regime Will Emphasize Individual Accountability,” Law360 (June 14, 2019)
- Quoted, “Esma pushes for crypto asset regulation,” Ignites Europe (January 10, 2019)
- Quoted, “Develop security-centric culture, UK financial watchdog tells banks,” Global Data Review (December 18, 2018)
- Quoted, “Coinbase CEO: crypto-specific regulation is necessary,” International Financial Law Review (November 30, 2018)
DisclaimerRopes & Gray International LLP is a limited liability partnership registered in Delaware, United States of America and is a recognised body regulated by the Solicitors Regulation Authority (with registered number 52100).
- Bachelor of Laws, University of Waikato, 1996