International law firm Addleshaw Goddard has appointed Tess Kelly, former Bank of England deputy general counsel, to its financial services regulation team. 

Tess Kelly

Tess Kelly

As deputy general counsel, Kelly advised the governor and executive of the Bank of England and the Bank’s Prudential Regulation, Financial Policy and Monetary Policy Committees. Prior to her time at the Bank of England, she practised at Allen & Overy LLP and Slaughter and May.

Kelly has advised extensively on the implementation of the post-Brexit regulatory regime for clearing in the UK as well as the development of prudential regulation in relation to systemic payment systems. In the field of crypto-assets, she has expertise on the emerging regulatory regime for stablecoin and the proposal for a UK digital pound.

Rosanna Bryant, head of financial services regulation at Addleshaw Goddard, commented: 'We are extremely excited to welcome Tess to our Financial Services Regulation practice. Tess offers a unique and broad-ranging financial services regulatory and transactional expertise acquired from a decade at the Bank of England. Tess' arrival enhances our team's capability to continue to support our UK and international Financial Services client base on financial services regulatory requirements, particularly in the wholesale banking and financial markets space.'

Kelly added: 'I am delighted to be joining Addleshaw Goddard’s growing Financial Services Regulatory practice. It’s an exciting time to join the firm given its intention to grow its City profile and the continuing expansion of the firm’s international footprint. I look forward to using my experience and regulatory insights to support our clients during a period of significant change and innovation in the financial services sector.'

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