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Damian Carolan

Partner

London

Carolan Damian
Damian Carolan

Partner

London

Damian 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 advises banks on regulatory reform, including changes to custody requirements, payment systems and the authorisation processes to open new branches and subsidiaries. Damian has also assisted industry associations with developing standard form documentation and submitting responses to consultations with regulators.

Damian is ranked as a leading individual for regulatory matters by Chambers & Partners and as a leading lawyer by IFLR1000 and is regularly quoted in the press on regulatory matters.

“One interviewee describes him as “both technically expert and user-friendly,” and notes: “He genuinely understands how financial institutions are put together and the regulatory environment in which they function.”” – Chambers UK 2018 – Financial Services: Non-contentious Regulatory. 

News & insights

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Publications: 03 AUGUST 2020

Brexit and its impact on the cleared derivatives markets: a primer

The UK left the EU on 31 January 2020 and is in a transitional period that ends on 31 December 2020. During this period, EU law continues to apply in and to the UK and UK financial services firms…

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Publications: 17 APRIL 2020

MiFID 2.5 (or 3) – What you need to know during 2020

As required by the existing framework, the MiFID II review has begun but what is not clear at this stage is whether it will be a complete re-write or simply MiFID 2.5.   

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Publications: 20 MARCH 2020

Covid–19 coronavirus: what should banks and other financial institutions focus on?

The Covid-19  pandemic presents an unprecedented challenge and will affect all walks of life.  The quantum of the impact is hard to determine at this stage although based on preliminary assessment and…

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Publications: 17 DECEMBER 2019

Dramatic December Election - Consequences for Financial Services Regulation

As the UK processes the result of December's general election and the political drama that entailed, we reflect on what it means for financial institutions’ Brexit plans.

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Office

London

Allen & Overy LLP
One Bishops Square
London
E1 6AD

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Qualifications

Professional

Admitted as solicitor, England and Wales, 1997