David Rundle
David represents individuals and firms facing regulatory enforcement and criminal investigations, with a particular focus on the financial services sector.
His depth of experience across both areas, including his time with the FCA’s Enforcement Division, gives him a rare perspective in cases which straddle the regulator’s remit and financial crime issues. He has represented clients under investigation for market manipulation, insider dealing and money laundering failings, where both criminal prosecution and regulatory enforcement were potential outcomes. His experience, which spans both FCA and PRA investigations, also extends to systems and controls, miss-selling cases and failures to be open and cooperative.
Outside of financial services, he has acted for clients in several of the major SFO investigations in recent years, including Serco and Petrofac, several of which were cross-border investigations, involving agencies across multiple jurisdictions.
Across all areas of his practice he has particular experience representing senior individuals in high profile cases, where their reputations, livelihoods and sometimes liberty is in jeopardy, including Senior Management Function holders under investigation for failings alleged to have occurred within their specified areas of responsibilities under the SMCR.
He has been called to the English Bar and is admitted to the New York Bar.
Practice Area
Panel
- Contributing Author
Qualified Year
- 2008
Experience
- WilmerHale (2014 - 2023)
Qualification
- Law with Australian Law (LLB) (2005)
Education
- Nottingham University (2001-2005)
1 Contributions by David Rundle
PRACTICE NOTES
FCA cooperation with overseas regulators: practical guidance on cross-border information requests and investigations—FSMA powers, MoUs, interviews, confidentiality, and co-ordinating parallel UK and foreign proceedings
This Practice Note explores international regulatory cooperation with an emphasis on cross-border regulatory investigations. It outlines the Financial Conduct Authority’s (FCA) statutory obligation to collaborate with overseas authorities and the supervisory and investigatory powers it may deploy to support those authorities’ inquiries. It also explains how cross-border investigations operate in practice and offers practical guidance for individuals responding to an overseas regulator’s information request or engaged in concurrent cross-border investigations...
Key points
The FCA is legally required to cooperate with overseas regulators; this can range from supplying requested information to using its own investigatory powers on an overseas authority’s behalf
The FCA retains discretion over the scope of its cooperation and is subject to defined limits on the assistance it may provide
Early, proactive and inquisitive engagement can benefit recipients of information requests and those who are the subject of investigations
Where domestic and overseas investigations run in parallel, careful coordination of information, steps taken and eventual outcomes with both UK and foreign regulators is essential
Matters most likely to prompt cross-border regulatory cooperation typically involve financial crime and as...
Financial Services
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