Kristina MacPherson

Associate

Kristina MacPherson

Associate

Email Kristina

+44 (0)20 7457 3036

London

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Services

Sectors

Kristina is an associate in the banking and finance team, specialising in financial services regulation. Her experience spans supporting financial services clients in meeting their FCA, PRA, and cross-border and associated regulatory obligations.

She has advised banks, insurers, asset managers, wealth firms, fintechs, and other regulated entities in how to best meet their regulatory obligations. Kristina understands the need to take a risk-based approach, considering the application of regulatory regimes to the unique circumstances of each client. She employs her knowledge and analysis of regulatory obligations with the goal of translating these into robust and commercially pragmatic solutions for boards and senior executives.

I act as a trusted advisor to clients, ensuring that I understand the key priorities of my stakeholders and provide advice that enables them to meet their goals in a compliant and commercially efficient manner. Clients appreciate my creative but practical approach to a complex and ever-evolving area.

Kristina MacPherson, Associate

Kristina works with clients throughout their growth journey, from applications for UK authorisation and advising on specific regulatory matters, to supporting with regulatory strategy and engagement. While a regulatory generalist with wide-ranging experience, Kristina’s key areas include governance, section 166 reviews, financial crime, product governance and the Consumer Duty, as well as compliance management.

Recent work highlights

Asset manager FCA authorisation

Leading the successful FCA authorisation for a new UK asset manager, including drafting the regulatory business plan, preparing SMFs for interviews, and holding the pen on application documents.

Board effectiveness review

Undertaking a review required by the PRA on behalf of a FTSE250 insurer following decisions made pertaining to business interruption insurance.

Approach to conflicts of interest

Following skilled person findings, advising a global fintech on its conflicts management approach across entities and levels of seniority, through to implementation.

Consumer Duty implementation

Advising an asset manager on the scope of its Consumer Duty obligations, including advice on product governance and ongoing monitoring obligations with its distribution partners.

Section 166 on financial crime (skilled person-side)

Acting as the skilled person at a bank on issues across its financial crime framework, including CDD, sanctions, transaction monitoring, payment screening, governance, and trade finance relationships.

Global governance reorganisation

Working with an international insurer following restructuring to reduce governance burden while enhancing efficacy of risk management in line with global regulatory requirements.

Section 166 on product governance

Supporting a structured products issuer in remediation and approach to a section 166, culminating in a report with no material findings.

Organisational consolidation

Advising a consumer credit firm on consolidation of acquired entities to reduce regulatory burdens and related costs, including cancellation of permissions and interactions with the FCA.

Permissions for investment firm

Analysing the permissions required for an investment firm, determining which activities aligned to the operating model and growth plans, as per the Regulated Activities Order.

Review of sanctions management

Following disclosure to the FCA, leading the review of the sanctions management framework of a global platform provider across policies, procedures, technology, and remedial screening.

Section 166 on financial crime (firm-side)

Acting for a custodian subject to a section 166 on its management of the skilled person and FCA, alongside advice and delivery of enhancements and remediation activity.

Change in control

Leading the regulatory due diligence and subsequent application to the FCA for a home finance provider acquiring a book of business, including drafting of the regulatory business plan and interview preparation of SMFs.

Section 166 on product governance

Supporting a structured products issuer in remediation and approach to a section 166, culminating in a report with no material findings.

Organisational consolidation

Advising a consumer credit firm on consolidation of acquired entities to reduce regulatory burdens and related costs, including cancellation of permissions and interactions with the FCA.

Permissions for investment firm

Analysing the permissions required for an investment firm, determining which activities aligned to the operating model and growth plans, as per the Regulated Activities Order.

Review of sanctions management

Following disclosure to the FCA, leading the review of the sanctions management framework of a global platform provider across policies, procedures, technology, and remedial screening.

Section 166 on financial crime (firm-side)

Acting for a custodian subject to a section 166 on its management of the skilled person and FCA, alongside advice and delivery of enhancements and remediation activity.

Change in control

Leading the regulatory due diligence and subsequent application to the FCA for a home finance provider acquiring a book of business, including drafting of the regulatory business plan and interview preparation of SMFs.

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