FinTech collaboration with Queen Mary University
06 Mar 2017
International law firm Simmons & Simmons has agreed to the establishment of a joint Student Support programme specifically to work in the area of FinTech and Regulatory Technology (RegTech) with The Centre for Commercial Law Studies (CCLS), Queen Mary University.
The initiative will bring together cutting edge academic and professional expertise in this key area of modern financial law and market development. This will specifically include holding separate introductory and research finding presentation events. FinTech is expected to result in substantial disruption to many areas of traditional and legacy banking and financial services. The law and legal implications of these developments have not been subject to any dedicated meaningful examination at this time, with many difficult and complex issues remaining to be resolved.
It is hoped that this new academic and professional collaborative arrangement can assist correct this core learning and knowledge gap for the benefit and advantage of everyone involved.
Partner and head of the firm’s International FinTech Team, Angus McLean
, commented: “We are excited to be working together with CCLS and Professor Walker with his LLM students on this initiative. As technology continues to disrupt and enhance the financial services sector new legal and regulatory questions arise almost daily. The Student Support programme will allow us to assist Professor Walker and his colleagues’ students to examine all of the key areas that are of most academic and commercial interest to our clients and others in this fast moving space.”
The firm launched the first of its kind FinTech Fund
in May 2016 designed to help early stage FinTech businesses solve some of the difficult legal problems they often encounter at the infancy of their businesses. The firm announced the first four FinTech start-ups
designated to benefit from the Fund in November 2016.