Tony Katz is a partner in the Financial Institution Regulatory practice, and a member of its European Litigation Group. Mr Katz’ practice focuses on regulatory work (both advisory and contentious) for financial institutions and global investigations.
Mr Katz advises leading financial institutions, banks, funds, brokers, trading firms, payment services and other financial services firms on a range of advisory and contentious issues.
Mr Katz has extensive practical experience of UK and EU regulation (including FSMA, the associated statutory instruments and the FSA Handbook) and exchange requirements across the globe through considerable in-house and private practice experience and his experience at the Financial Services Authority.
Mr Katz has particular experience in the following areas: authorisations and permissions to conduct regulated activities; conduct of business; corporate governance (senior management and approved persons obligations); systems and controls; compliance manuals and managing conflicts of interest; treating customers fairly; research and financial promotions; anti-money laundering; market abuse issues; e-money and payment services; regulatory capital and liquidity issues; remuneration policies; training and competence requirements; high frequency trading; wholesale markets and trading issues; exchange requirements; training and preparation for regulatory/thematic visits/interviews; strategic advice and new business set-up.
Mr Katz has deep experience in contentious matters, including regulatory and exchange investigations in the UK, EU, the US and Asia.
Examples of his contentious regulatory work include:
- Advising one of the largest City mutual funds houses in relation to the industry-wide FSA investigation of “market timing” and “late trading practices”
- Advising a listed client in relation to an FSA investigation into insider dealing into the company’s shares
- Advising a leading brokers in relation to regulatory thematic visits
- Representing a leading trading firm in an exchange investigation
- Advising a UK trade body and leading its negotiations with the financial regulator in relation to conduct of business issues
Mr Katz has extensive experience in conducting cross-border internal investigations for clients in all types of industries, including the financial services, technology, life sciences and retail industries. Mr Katz conducts audit committee and other internal investigations, evaluates, establishes and implements corporate compliance programmes and advises specifically on the UK Bribery Act including advising on Section 7, Adequate Procedures defence and drafting adequate procedures for clients. These investigations involve numerous interviewees and extensive documentary and electronic document retrieval and analysis. His investigatory experience includes internal investigations of whistle-blower complaints, allegations of inappropriate behaviour and potential misconduct and mismanagement, allegations of the falsification of documents, corruption, bribery, fraudulent transactions and market abuse. Mr Katz’ recent investigations have involved allegations in the UK, Russia, across Europe and Africa.
Prior to joining Orrick in 2011, Mr Katz was Group Head of Compliance at the Liquid Capital Group, the global options market making firm. Mr Katz began his legal career in South Africa at Edward Nathan Sonnenbergs and then practised in London with Slaughter and May for six years. He served for four years at the Financial Services Authority, the regulator of the financial services industry in the United Kingdom, as a Manager in the Retail Policy and Conduct Risk Division.