Lucy Frew is a partner based in Walkers' Cayman Islands office and heads the Global Regulatory & Risk Advisory Group and Co-Heads the Global FinTech Group. She joined in 2016 and brings more than 18 years' experience as a specialist financial regulatory and risk management advisory lawyer. As well as having advised financial institutions in private practice in international law firms in London since 2001 (prior to which she practiced as a barrister) Lucy also has in-house experience as legal counsel at UBS and at the Financial Services Authority in the United Kingdom (now the Financial Conduct Authority).
Lucy's clients are financial institutions across the international and domestic spectrum, including a range of banks, investment funds, administrators, investment managers, advisers, broker-dealers, arrangers, trading venues and insurance and reinsurance sector clients. She also has significant experience in advising on FinTech and virtual assets. Typical matters range from strategic advice, regulatory gap analysis and regulatory impact assessments to the full range of financial regulatory applications and notifications, as well as day-to-day financial regulatory compliance, anti-money laundering and terrorist financing requirements, international sanctions, CRS and FATCA, economic substance, beneficial ownership, marketing of investment products and services, confidential information and data protection, outsourcing, business continuity and disaster recovery, regulatory capital requirements, corporate governance, investigations, disputes and risk management.
Lucy has deep experience of FinTech and virtual assets regulation, having specialized in this area since 2013. She has advised custodians, exchanges, liquidity providers and funds in the virtual asset space, payment services providers, peer-to peer lending and crowdfunding platforms, robo-advisers, algorithmic funds, token issuers, providers of trading technology infrastructure, apps and regtech solutions. She has significant experience of advising these businesses on anti-money laundering, data protection, cybersecurity and tax related reporting and substance requirements. Most of Lucy's work is for international clients and these range from household names to start-ups.
Most of Lucy’s matters have a cross-border element and she frequently advises clients on extra-territorial regulatory impact, for example BEPS, AIFMD, MiFID II and GDPR considerations for non-EU entities or reflecting Cayman Islands regulatory requirements in the context of global policies and procedures.