Peter Bibby is a partner in the White Collar Defense & Government Investigations group in the London office.
Peter is a specialist financial regulatory lawyer with over twenty years of contentious regulatory enforcement experience. He was Head of Enforcement at the FSA and was responsible for writing the Statements of Principle and Code of Practice for Approved Persons. Whilst in private practice Peter has been recognized by both Chambers UK and the Legal 500 as one of the leading individuals in the area with an excellent breadth of knowledge. Peter's practice focusses on advising in relation to matters concerning the Financial Services and Markets Act 2000 and the rules of the Financial Conduct Authority and the Prudential Regulation Authority. He advises on all aspects of the regime with a particular emphasis on enforcement, from the initial identification of a potential problem, through the different stages of the investigation process, to the representation of clients in front of the regulators decision making committees and the external Tribunal.
Clients include fund managers, banks, insurance companies and other financial institutions together with individuals who are subject to financial regulation. He has also advised regulators in the UK and overseas in relation to the exercise of their powers in contentious regulatory matters and has been appointed as a skilled person under s166 of the Financial Services and Markets Act 2000.
— Acting for a major financial institution on a 3 year FSA investigation into the mis-selling of financial products, advising the Chief executive and the executive committee on the strategy for dealing with the FSA, including the appropriate remedial action to take in order to avoid disciplinary action. Securing a successful outcome whereby the case was dropped by the FSA with no disciplinary action.
Acting in relation to an FSA investigation into the handling of investment complaints. Settling the case on terms that were acceptable to the client whilst maintaining a positive relationship for it with the FSA. Designing the process for a past business review to be undertaken by external consultants and agreeing the terms with the FSA.
Acting for a hedge fund and its chief executive in relation to an investigation into alleged mismanagement of fund assets.
Acting for an overseas bank in relation to an investigation into alleged non-disclosure to the Regulator.
Acting for the Chief Executive of a private equity fund manager in relation to an investigation into secret profits.
Acting for the former chief executive of a major UK bank in relation to an investigation into the collapse of the bank during the financial crisis.
Acting for two senior executives in relation to an FSA investigation into the management and promotion of split capital Investment trusts.