Contact details

Ellen Gallagher

T: +44 20 7809 2008 M: +44 7881 314 909 Email Ellen | Vcard Office: London

Awards

Litigation and Regulatory Team of the Year 2012

Litigation and Regulatory Team of the Year 2012

Ellen Gallagher Associate

Contact details

Ellen Gallagher

Ellen Gallagher
Associate

T: +44 20 7809 2008 M: +44 7881 314 909 Email Ellen | Vcard Office: London

Ellen is a regulatory and criminal litigator specialising in the financial services sector. She has experience of representing both individuals and institutions in high profile investigations and has acted in connection with fraud prosecutions, market abuse investigations and FCA enforcement proceedings. Ellen's work frequently involves cross-border issues.
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Ellen has acted in connection with some of the most high profile regulatory and criminal investigations in the financial services sector in recent years, including several multi-jurisdictional LIBOR investigations and allegations of manipulation of the foreign exchange market.

She has a range of experience in relation to FCA proceedings including: acting for an investment bank in a market abuse investigation; representing the former CEO of the investment arm of a global bank facing allegations of knowing concern in systems and controls failings relating to FX manipulation; and representing a senior trader in relation to allegations of manipulation of the gilts market. Criminal work has included acting for a broker suspected of conspiracy to defraud in a major SFO investigation relating to the manipulation of Yen LIBOR. She has also acted for clients in relation to investigations by authorities in a number of other jurisdictions, including the US Department of Justice and FBI and the Australian Securities and Investments Commission.

Other work has included: advising international trading companies and financial services firms in relation to bribery and corruption; advising a professional standards body in relation to disciplinary procedures; advising on corporate governance and systems and controls; acting for a financial services firm in connection with a criminal fraud investigation; and advising on consumer credit regulation.

Ellen writes regularly for industry publications on regulatory matters.

  • Regulatory litigation
  • Corporate crime and directors' criminal liability
  • Regulatory compliance

Foreign exchange investigation – systems and controls failures

Acting for the CEO of a multi-national bank under investigation for alleged systemic failings on the FX trading desks contributing to large scale fraudulent activity by traders.

Trans-Atlantic Libor investigation

Acting for the former principal US Dollar Libor submitter at Barclays in connection with enforcement proceedings by the FSA and investigations by the United States Department of Justice and CFTC in relation to allegations of manipulation of the US Dollar Libor rate.

Stage 2 investigation by Complaints Commissioner

Acting for an authorised firm in connection with a Stage 2 investigation by the Complaints Commissioner in which all five of the client's complaints against the FSA were upheld and an apology to the client from the FSA was secured.

RBS – regulatory aspects of corporate restructuring

Advising RBS and staff in regard to an internal investigation and an inquiry conducted by a skilled person under section 166 of FSMA 2000 into an allegation of driving small businesses into insolvency.

More: Regulatory litigation

Libor – criminal investigations

Acting for a number of individuals in relation to Serious Fraud Office investigations and prosecutions for conspiracy to defraud relating to alleged manipulation of Yen and US Dollar Libor rates.

Criminal fraud investigation – brokerage firm

Acting for a brokerage firm assisting the Serious Fraud Office in connection with a criminal fraud investigation.

International criminal investigation – online betting brokerage

Advising a company providing online betting brokerage services in relation to a request for assistance by a European prosecutor in connection with a criminal investigation.

More: Corporate crime and directors' criminal liability

Bribery and corruption

Advising a financial services firm in relation to Bribery Act 2010 and corporate corruption issues.

Consumer credit

Advising in relation to transactions to ensure proper management of consumer credit issues.

Consumer redress

Advising the world's largest loyalty programme business in regard to product design and sales of insurance add-on products.

Trade licensing

Advising a wholesaler in connection with alcohol licensing matters.

Market conduct and conduct of business

Advising a multi-national investment bank in relation to the regulatory aspects of a civil claim arising out of the de-pegging of the Swiss Franc in January 2015.

More: Regulatory compliance

  • Banks and banking
  • International trade

Foreign exchange investigation – systems and controls failures

Acting for the CEO of a multi-national bank under investigation for alleged systemic failings on the FX trading desks contributing to large scale fraudulent activity by traders.

Libor – trans-Atlantic investigation

Acting for the former principal US Dollar Libor submitter at Barclays in connection with enforcement proceedings by the FCA in relation to allegations of manipulation of the US Dollar Libor rate.

Libor – criminal investigations

Acting for a number of individuals in relation to Serious Fraud Office investigations and prosecutions for conspiracy to defraud relating to alleged manipulation of Yen and US Dollar Libor rates.

RBS – regulatory aspects of corporate restructuring

Advising RBS and staff in regard to an internal investigation and an inquiry conducted by a skilled person under section 166 of FSMA 2000 into an allegation of driving small businesses into insolvency.

Market conduct and conduct of business

Advising a multi-national investment bank in relation to the regulatory aspects of a civil claim relating arising out of the de-pegging of the Swiss Franc in January 2015.

More: Banks and banking

Bribery and corruption

Advising an international trading company in relation to Bribery Act 2010 and corporate corruption issues.

International criminal investigation – online betting brokerage

Advising a company providing online betting brokerage services in relation to a request for assistance by a European prosecutor in connection with a criminal investigation.

Consumer credit

Advising in relation to transactions and to ensure proper management of consumer credit issues.

More: International trade

Awards

Litigation and Regulatory Team of the Year 2012

Litigation and Regulatory Team of the Year 2012

Latest news & insights

29 Nov 2016

From Insights

FCA Remediation and Redress Schemes – recent developments webcast

We take a look at recent developments in the FCA's approach to remediation and consumer redress schemes.

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03 May 2016

From Insights

FCA consults on proposed amendments to enforcement procedures

The FCA and the PRA have together opened a consultation on a number of proposed changes to the current enforcement decision-making process and consequent proposed amen..

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01 Dec 2015

From Insights

FCA consults on 2 year time limit and new rules for PPI complaints

The FCA last week published a consultation paper (CP15/39) on its proposed changes to the rules for complaints relating to PPI products.

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02 Jan 2014

From Insights

Media coverage: inCOMPLIANCE

Ellen Gallagher and Alex Irvine take a look at the changing landscape for those occupying the highest ranks of the industry.

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08 Oct 2013

From Insights

Consumer Credit Regulation – the new regime

Consumer credit firms are preparing for the Financial Conduct Authority ("FCA") to take over regulation of the industry from the Office of Fair Trading ("OFT") in 2014..

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