Ferdisha Snagg’s practice focuses on financial services law and regulation.

Ferdisha has a wide range of non-contentious experience advising banks, investment banks, asset managers, and market infrastructures. She regularly advises on a variety of financial services and regulatory issues including financial markets regulation, financial collateral and financial market infrastructure regulation, and banking regulation.

She has written and presented extensively on legal and regulatory issues surrounding distributed ledger technology and cryptoassets.

Prior to joining Cleary, Ferdisha was an associate at another major London law firm. She has also spent time on secondment at three global investment banks and a central bank.

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Notable Experience

Previous Experience

  • Global financial institutions on the implementation of EU financial markets and derivatives regulations.

  • Global banks on Basel III requirements and bank restructuring regulation.

  • Numerous institutions on the implications of Brexit.

  • Global banks on securities financing and financial collateral arrangements.

  • Global banks on hedge fund lending and securities depositary requirements.

  • Financial markets infrastructure on new products and rule changes.

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Selected Activities

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  • Faculty; Financial Institutions, Markets, and Transactions Training Series; 2023

Publications

“The Treatment of Stablecoins Under the UK’s Financial Collateral Arrangements Regulations,” Journal of International Banking Law and Regulation, (June 2024)

“FCA publishes feedback statement on data asymmetry between Big Tech  and financial services firms,” Cleary Antitrust Watch blog, with Paul Gilbert, Gareth Kristensen, Andreas Wildner, and Noah D’Aeth (April 2024)

“European Supervisory Authorities Publish Report on BigTech firms in EU Financial Services,” Cleary Antitrust Watch blog, with Paul Gilbert, Gareth Kristensen, Angela Dunning, and Andreas Wildner (February 2024)

“Quantum Computing and the Financial Sector: World Economic Forum Lays Out Roadmap Towards Quantum Security,” Cleary Gottlieb Alert Memo, with Andreas Wildner (January 2024)

“FCA see input on data asymmetry between Big Tech and financial services firms,” Cleary Antitrust Watch blog, with Paul Gilbert, Gareth Kristensen, and Andreas Wildner (December 2023)

“What Is in a Name? The Regulators Seek to Have the Final Word on the Meaning of Trading Venue Ender MiFID,” Butterworths Journal of International Banking and Financial Law, with Andreas Wildner (November 2023)

“Sustainable Finance Consultations May Signal Key Changes,” Law360, with Andreas Wildner (November 16, 2023)

“G7 Leaders Publish AI Code of Conduct: A Common Thread in the Patchwork of Emerging AI Regulations Globally?” Cleary Gottlieb Alert Memo, with Henry Mostyn, Gareth Kristensen, Prudence Buckland, and Andreas Wildner (November 1, 2023)

“FCA Engagement Signals New Direction in ESG Disclosures,” Law360, with Andreas Wildner (October 30, 2023)

“Artificial Intelligence in the Financial Services Sector: UK Regulators Publish Feedback Statement,” Cleary Gottlieb Alert Memo, with Andreas Wildner (October 2023)

“Open Banking and Open Finance: Outlook for ASPSPs and Data Holders,” Financier Worldwide (September 2023)

“Sustainable Finance: An Evolving Landscape for Article 9 Products,” PLC Magazine, with George Bumpus and Andreas Wildner (September 1, 2023)

“The New Accountability Landscape For Financial Regulators,” Law360, with James Brady-Banzet and Andreas Wildner (August 14, 2023)

“Big Tech and Retail Financial Services: FCA’s Latest Insights and Policy Initiatives,” Cleary Antitrust Watch blog, with Paul Gilbert, Tom Swayne, and Andreas Wildner (August 9, 2023)

“Comparing EU And UK Proposals To Regulate ESG Ratings,” Law360 (July 2023)

“Reforming the UK’s e-Money and Payment Services Safeguarded Funds Regimes: Better Safe Than Sorry,” Butterworths Journal of International Banking and Financial Law (May 2023)

“A MiCAR for the UK? Or Something Else Altogether?,” Butterworths Journal of International Banking and Financial Law (April 2023)

“Questions Raised by UK Plan for ESG Ratings Providers,” Law360 (April 2023)

“Recent Insights From the UK Government on the Future of UK Payment Services – Signs of Regulatory Divergence?,” Financier Worldwide (May 2023)

“First Steps Towards UK Regulation of ESG Ratings Providers: HM Treasury Consults,” Cleary Gottlieb Alert Memo, with Clara Cibrario Assereto and Andreas Wildner (April 2023)

“Crypto-Asset Consultation Sets Out Direction Of Travel For UK,” Law360 (March 2023)

“English Court of Appeal: Cryptoasset Network Software Developers May Owe Fiduciary Duties to Token Holders,” Cleary Gottlieb Alert Memo, with Sunil Gadhia (February 2023)

“The EU’s Payment Services Directive: Following a Road Well-Travelled,” Financier Worldwide (October 2022)

“SFDR and Investor Demand Put ESG in Focus,” Cleary Gottlieb Alert Memo, with Michael J. Preston, Gabriele Antonazzo, Michael James, Sophie Smith (March 2022) 

“A Global Overview of Sustainability Disclosure Rules for the Asset Management Industry,” Cleary Gottlieb Alert Memo, with Chris Macbeth, Yulia A. Solomakhina, Helena K. Grannis, Robert K. Williams, Maurits Dolmans, Clara Cibrario Assereto, Daisy Yan, Yiming Sun and George Taylor (January 2022)

“UK’s FCA Extends Climate-related Disclosures to Standard Listed Issuers, Including GDR Issuers,” Cleary M&A and Corporate Governance Watch blog, with David I. Gottlieb, and Dan Tierney (January 2022)

“Why Intermediated Securities Should Be Brought Within Scope of the Expanded Dormant Assets Legislation,” with Gee Kim (November 2021)

“Private Equity Must Prepare for Higher Sustainability Standards,” with Michael J. Preston, Gabriele Antonazzo, Michael James, Clara Cibrario Assereto (October 2021)

“Final Rules for UK-listed SPACs,” Cleary Gottlieb Alert Memo, with Sebastian R. Sperber, David I. Gottlieb, Sarah E. Lewis, Mohamed Taha, Bree Morgan-Davies, Katia Pritchard, Nicolas Grabar, Adam Brenneman and Julian Cardona (August 2021)

“United Kingdom” chapter, Getting the Deal Through: Securities Finance 2021, with Jim Ho, Chrishan Raja, and Bree Morgan-Davies (June 2021) 

“SPACs and More: Key Proposals for Change to the UK’s Listing Regime,” Cleary Gottlieb Alert Memo, with Sebastian R. Sperber, Sarah E. Lewis, Chrishan Raja, Bree Morgan-Davies, Nicolas Grabar, Adam Brenneman and Julian Cardona (June 2021) 

“FCA Ushers in the End of LIBOR,” Cleary Gottlieb Alert Memo, with Jim Ho, Colin D. Lloyd, Brandon M. Hammer, Jonathan Griggs and Bree Morgan-Davies (March 2021)

“Recent Developments in Business and Human Rights Frameworks in Europe,” Cleary Gottlieb Alert Memo, with Caroline Petruzzi McHale, Clara Cibrario Assereto, Géraldine Bourguignon, Giulia Checcacci, Hakima Ben Azzouz, Laura Melusine Baudenbacher, Laurie Achtouk-Spivak, Marina Zarubin, Maurits Dolmans and Robert Garden (January 2021) 

“Sustainable Finance: 2021 Brings Significant New ESG Disclosure Obligations for Financial Services Firms,” Cleary Gottlieb Alert Memo, with Chris Macbeth George Taylor, Denise Shiu, Raymond Lam, Géraldine Bourguignon, Helena K. Grannis, Caroline Petruzzi McHale and Clara Cibrario Assereto (January 2021)  

“A Framework Taxonomy for Sustainable Finance,” Cleary Gottlieb Alert Memo, with Chris Macbeth, George Taylor, Denise Shiu, Géraldine Bourguignon, Helena K. Grannis, Caroline Petruzzi McHale and Clara Cibrario Assereto (November 2020)

“Transitioning ‘Tough Legacy’ LIBOR Contracts – Different Strokes for Different Folks?” Financier Worldwidew (October 2020) 

“Human Rights Supply Chain Due Diligence: New Legislation on the Horizon for the EU and UK,” Butterworths Journal of International Banking and Financial Law (September 2020) 

“COVID Corporate Financing Facility Explained,” Cleary Gottlieb Alert Memo, with Polina Lyadnova, Bree Morgan-Davies, Jonathan Griggs, and Anne Lim (July 2020)

“CRR Quick Fix to Facilitate Lending in Response to COVID-19 Adopted,” Cleary Gottlieb Alert Memorandum with Amélie Champsaur, Michael Kern, Laura Prosperetti, Aurèle Delors, Caroline Hailey, Christophe Wauters, Clara Cibrario Assereto, Giulia Rimoldi and Claudius Straub (July 2020)

“The UK’s Post-Brexit Financial Services Regulatory Framework – Details Emerge,” Cleary Gottlieb Alert Memorandum with Amélie Champsaur, Jim Ho, Bree Morgan-Davies and Jonathan Griggs (June 2020)

“Summary of EU and UK Monetary Stimulus, Liquidity Support and Prudential Measures in Response to COVID-19,” Cleary Gottlieb Alert Memo, with Amélie Champsaur, Aurèle Delors, Elodie Gianferrara, Christophe Wauters, Alexia Duquesne, Michael Kern, Christoph Trier, Claudius Straub, Laura Prosperetti, Clara Cibrario Assereto, Flavio Ciotti and Anne Lim (June 2020)

“The European Commission Publishes Its Ambitious Action Plan on Anti-Money Laundering,” Cleary Gottlieb Alert Memo, with Amélie Champsaur and Caroline Hailey (June 2020)

“Summary of EU and UK Financial Sector Regulatory Initiatives in Response to COVID-19,” Cleary Gottlieb Alert Memo, with Amélie Champsaur, Laura Prosperetti, Aurèle Delors, Charles-Antoine Wauters, Clara Cibrario Assereto, Alexia Duquesne and Elodie Gianferrara (May 2020)

“New FCA Requirement for Issuers to Provide a Description of Rights for Listed Securities,” Cleary Gottlieb Alert Memo, with David I. Gottlieb, Chrishan Raja and Bree Morgan-Davies (April 2020)

“COVID-19 UK Government’s Latest Measures To Support UK Businesses,” Cleary Gottlieb Alert Memo, with Nallini Puri, Jennifer Maskell, Melissa Reid, and Eloise Skinner (March 2020)

“COVID-19: UK Regulators Adopt Regulatory and Operational Relief Measures To Support Financial Services Firms,” Cleary Gottlieb Alert Memo, with Jim Ho, Bree Morgan-Davies, and Anne Lim (March 2020)

“LIBOR Transition: The Time to Act Is Now,” Cleary Gottlieb Alert Memo, with Jim Ho and Jonathan Griggs (February 2019)

“The Medium Is the Message: How Can the Development of DLT Improve Upon the Workings of the Indirect Holding System for Intermediated Securities?,” Journal of International Banking and Financial Law

“United Kingdom” chapter, Getting the Deal Through: Securities Finance 2019, with Andrew Shutter, Raj Panasar, and Jim Ho

“The CFTC and Prudential Regulators Grant Relief in Preparation for Brexit,” Cleary Gottlieb Alert Memo, with Colin D. Lloyd, Brian J. Morris, and Brandon Hill (April 2019)

Green and Snagg, “Intermediated Securities and Distributed Ledger Technology,” Intermediation and Beyond (L. Gullifer and J. Payne, eds.), Hart Publishing, 2019

Events