Lucy Frew
Partner
Cayman Islands
Lucy heads up our Global Regulatory & Risk Advisory Group.
She joined in 2016 and has more than 20 years’ experience as a specialist financial regulatory and risk management lawyer.
Lucy helps clients with all aspects of financial regulation and risk management, including contentious, as well as advisory, matters. These include:
Lucy is an expert at helping clients put regulatory policies, procedures and compliance monitoring programmes in place. She also advises on the regulatory aspects of transactional documentations and service provider agreements. She has a long track record of helping with contentious financial regulatory matters and investigations, and handling relationships with regulators. She has also advised on fintech and virtual assets since 2013.
Lucy helps clients with all aspects of financial regulation and risk management, including contentious, as well as advisory, matters. These include:
- inspections, investigations and regulatory audits
- remediation
- compliance training
- minimising regulatory and litigation risk
- public relations issues
- anti-money laundering
- sanctions and asset freezes
- tax transparency
- data protection (including breaches)
- corporate governance
- cross-border structuring and business marketing.
Lucy is an expert at helping clients put regulatory policies, procedures and compliance monitoring programmes in place. She also advises on the regulatory aspects of transactional documentations and service provider agreements. She has a long track record of helping with contentious financial regulatory matters and investigations, and handling relationships with regulators. She has also advised on fintech and virtual assets since 2013.
Great knowledge about complex topics and ability to boil down to current situation and related remediation.
Experience and recent work
Previously, Lucy headed the financial regulatory practice at a firm in London. She has advised financial institutions in private practice at international law firms in London since 2001, prior to which she practised as barrister at the independent bar in London, and has in-house experience as legal counsel at UBS. She was also seconded to the UK Financial Conduct Authority.
Qualifications
Admitted in:
- Cayman Islands
- British Virgin Islands
- England and Wales
Education:
- LLB (Hons) in Law, King's College, University of London, UK
- Called to the Bar November 1998, Honourable Society of the Middle Temple, UK
- Bar Vocational Course, Inns of Court School of Law, UK
- Admitted to the Roll of Solicitors, UK
Lucy serves on many boards and committees with a focus on regulation, risk management, corporate governance, beneficial ownership, remuneration, financial crime and cyberattack prevention, data protection, international transparency, investment funds, FinTech and Cayman Finance's Innovation Lab. She has been particularly active in many industry working groups in relation to market ethics guidance, AIFMD, MiFID II/MiFIR and MAR, including AIMA and Cayman Finance.
Lucy currently sits on:
- AIMA Digital Assets Working Group
- AIMA Executive Committee and Co-Head of AIMA Legal & Regulatory Committee
- Beneficial Ownership Communication and PR Working Group
- Capital Markets Committee
- Cayman Finance Legislative and Regulatory Committee
- Consulting Editorial Board of Lexis Nexis Financial Service
- Digital AML/KYC Committee (formerly FinTech Global KYC Standards Working Group)
- Digital Funding and Investing Committee
- Innovation Lab (formerly FinTech Innovation Lab WG)
- International Transparency Committee (Beneficial Ownership)
- Investment Funds – Funds Legislative Working Group
- Investment Funds – Funds Regulatory Working Group
- LRC AML/CFT Working Group
- LRC Data Protection Working Group
- Smart FinTech Regulations Committee
In addition, Lucy regularly writes a column for PLC and is also a member of 100 Women in Finance.
Lucy completed a term of just under four years as an elected member of the City of London Corporation, which runs the City of London financial district and promotes the financial industry.
2023 Chambers Global - Spotlight Table - Financial Services: Regulatory
2023 Legal 500 - Leading Individual - Regulatory & Compliance
2022 Chambers Global - Notable Practitioner - Financial Services: Regulatory
2022 Legal 500 - Leading Individual - Regulatory & Compliance - Her 'timeliness and responsiveness is particularly notable.’
2022 Who's Who Legal - Recommended Lawyer - Private Funds: "At Walkers, Lucy Frew is a go-to lawyer for domestic and international financial institutions engaged in private funds, fintech and virtual assets."
2021 Legal 500 - Leading Individual - Regulatory & Compliance
2021 Legal 500 - Recommended Lawyer - Investment Funds - 'Great knowledge about complex topics and ability to boil down to current situation and related remediation.’
2020 Legal 500 - Recommended Lawyer - Insurance/Reinsurance
2021 Who's Who Legal - Recommended Lawyer - Private Funds: "Lucy Frew with Walkers has amassed more than 20 years of financial regulatory experience and is revered among domestic and international banks, investment funds and managers."
2019 Who's Who Legal - Recommended Lawyer - Private Funds
2018 Who's Who Legal - Thought Leader - Private Funds: Regulatory - "Lucy Frew at Walkers is recognised for her 'huge amount of regulatory and compliance experience'. One respondent says, 'She is knowledgeable and experienced in the funds area, I would have no hesitation in referring work to her or recommending her'.”
2018 Legal 500 - Recommended Lawyer - Banking, Finance & Capital Markets
2018 Legal 500 - Recommended Lawyer - Corporate & Commercial
Team Members
Other team members with related expertise
