Damian is head of A&O’s UK Financial Services regulatory practice. He advises financial institutions on national and international regulations, with a particular focus on derivatives and securities regulation and the development of new markets and clearing settlement systems.
He regularly advises banks on regulatory reform, including changes to custody requirements, payment systems and the authorisation processes to open new branches and subsidiaries. Damian has assisted industry associations with developing standard form documentation and submitting responses to consultations with regulators. He is also a leading legal and regulatory expert in financial market infrastructure and has been involved in a variety of innovative bank and infrastructure projects as digital assets and distributed ledger technology become an ever more important part of the financial landscape.
Damian is ranked as a leading individual for regulatory matters by Legal 500, Chambers & Partners and as a leading lawyer by IFLR1000 and is regularly quoted in the press on regulatory matters.
"Damian is agile and quick-thinking with a very practical and commercial approach. A good communicator." – Chambers UK 2021 – Financial Services: Non-contentious Regulatory.
“Damian Carolan is a good leader who always brings new perspectives or ideas to technical issues." – Legal 500 UK, Financial Services Non-contentious regulatory 2022
Capital Requirements Regulation
One Bishops Square
Publications: 25 September 2023
Since the beginning of the Brexit transition period, developments in both the UK and EU have impacted the MiFID rules in various ways.
Publications: 15 September 2023
Publications: 11 August 2023