Carmen Reynolds | White & Case LLP International Law Firm, Global Law Practice
Carmen Reynolds
Carmen Reynolds

Carmen Reynolds

Of Counsel, London

T +44 20 7532 1421



Carmen Reynolds has over 20 years of experience in private practice and is Of Counsel in the Regulatory Practice of the Firm's Capital Markets Group in London.

Her work relates to the regulation of banks, investment banks, investment managers and broker dealers and encompasses most aspects of bank, securities and derivatives regulation. More recently, she has worked primarily on UK and EU regulatory reform, keeping track of the myriad regulatory proposals and their implications for regulated businesses. Examples of recent focus include the various aspects of the proposals for Banking Union in the EU, the Vickers reforms, the UK's implementation of LIBOR regulation, the Financial Services Act of 2012, Basel III/CRD IV, MAD II, MIFID II/MIFIR, AIFMD and EMIR.

Carmen's work has involved advising on the day-to-day operation and structuring of financial institutions, from large international businesses to start-ups, along with the structuring of financial transactions and financial institution M&A, often with an international component to the work. Her practice has covered the scope of regulated activities and the financial promotion regime, prospectus directive and offering rules, transparency and listing rules, disclosure issues, conduct of business, regulatory capital, securitization retention rules, market abuse and insider dealing issues, implications of various wholesale capital markets market practices, e.g. stabilisation, pre-sounding and block trades, anti-money laundering legislation, regulatory capital, financial sector M&A, consumer credit, pass-porting, central booking structures and assisting clients with regulatory investigations and enforcement matters.

Carmen has experience in corporate and securities work, as well as financial regulation. In 1999 and 2000, Carmen was sent on secondment to the Treasury to work on the then Financial Services Bill as a policy adviser where she worked on all aspects of the Bill, but particularly on the regulatory perimeter, collective investment schemes and the establishment and operation of the then FSA. Latterly, Carmen led the regulatory team of a large UK firm and then the White & Case group in London for five years.

Carmen is a participant in various industry groups, including the Financial Markets Law Committee, AIMA's AIFMD operational requirements working group and market conduct working group and the Law Society's Company Law Committee regulatory sub-committee. She is ranked in Chambers UK (2013) as a key individual and mentioned for her “breadth of experience and skills” as well as recently being "recommended" by Legal 500 UK.

Bars and Courts

  • Solicitor of England and Wales


  • Guildford Law School
  • LLB, University of Exeter


  • English