Contact details

Richard McGarry

T: +44 20 7809 2983 Email Richard | Vcard Office: London

Richard McGarry Associate

Contact details

Richard McGarry

Richard McGarry
Associate

T: +44 20 7809 2983 Email Richard | Vcard Office: London

Richard is an associate in the regulatory litigation group specialising in financial services regulation, corporate and white-collar crime. He acts for financial institutions, clients in the retail sector and individuals subject to regulatory enforcement and criminal investigations and proceedings.
  • Profile
  • Services
  • Sectors

Richard has experience in cases relating to insider dealing and market manipulation. In particular, he acts for a number of individuals connected to the multi-jurisdictional LIBOR and foreign exchange manipulation investigations conducted by the Financial Conduct Authority and the Serious Fraud Office. He also has experience of equivalent investigations in foreign jurisdictions including the US and Dubai.

​He acts for clients in relation to contentious financial services disputes. He also advises on corporate criminal liability.

  • Regulatory litigation
  • Corporate crime and directors' criminal liability

Foreign exchange

Representing individuals subject to regulatory and criminal investigations relating to allegations of manipulation of the foreign exchange market, specifically the foreign exchange spot and derivative markets.

LIBOR – market manipulation

Acting for individuals accused of manipulating LIBOR, involving coordinating advice from a number of jurisdictions including the US, Germany and Switzerland.

Market abuse

Acting for an individual in the course of defending allegations of market abuse. Richard has presented on this topic to both clients and members of the profession.

Individual directors

Advising both former and current directors of financial institutions seeking redress as a consequence of regulatory investigations and corporate takeovers. Matters often include advising on the tort of misfeasance in public office.

More: Regulatory litigation

Tesco – alleged false accounting

Advising a senior Tesco executive following allegations of manipulation of company accounts to make a misleading profit statement. Advised on SFO procedure and attended a compelled interview with the client.

LIBOR

Assisting with the representation a LIBOR submitter in investigations by the US Department of Justice and prosecution by the SFO in relation to allegations that submissions were dishonest.

LIBOR fraud allegations

Advising an alleged co-conspirator of Tom Hayes in connection with allegations of a conspiracy to defraud during the individual's time as a broker.

More: Corporate crime and directors' criminal liability
  • Banks and banking

Banks

Acting for banks under investigation by FCA Enforcement.

Individuals

Advising both current and former employees of banks under regulatory scrutiny and involvement in alleged criminal offences.

Senior Managers' Regime

Advising on the consequences of the introduction of the Senior Managers' Regime.

More: Banks and banking

Latest news & insights

19 Aug 2016

From Insights

HMRC raises the stakes for tax avoidance enablers

On 17 August, HMRC launched a consultation setting out proposals to impose punitive sanctions on those who design, promote and market tax avoidance schemes. We examine..

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01 Jun 2016

From Insights

Burden on compliance functions revealed – the real cost of the regulatory “perfect storm”

On 24 May 2015, the FCA published a report by consultancy firm John Howell on how banks have responded to rules intended to hold them accountable for money laundering ..

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09 Nov 2015

From Insights

Modern Slavery Act 2015 – s.54 in force and long-awaited guidance provided

Tony Woodcock and Richard McGarry comment on the Modern Slavery Act 2015

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07 Aug 2015

From Insights

Modern Slavery Act 2015

We discuss the Modern Slavery Act 2015.

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