With a highly sophisticated client base, Dundas & Wilson advises banks and other entities seeking to develop bespoke banking services.  Acting for many of the major UK clearing banks we have developed a deep expertise in this area of legal practice.

Led by Philip Mackay, described as "the partner of choice with his sound reputation in retail finance" (Chambers UK 2010), the team assists banking clients with innovative product and distribution initiatives including:

• drafting and reviewing introducer agreements for banking and loan products;
• assisting with affinity relationships between banks and other institutions which enable the marketing of branded deposit accounts and credit cards;
• drafting and reviewing customer-facing documentation;
• advising on issues arising under the passporting provisions of the Recast Banking Directive;
• advising on Consumer Credit Act issues; and
• advising on the creation and distribution of electronic payment products.
  

The team has also developed a particular expertise on banking business transfer schemes under Part VII of the Financial Services and Markets Act 2000 and has advised and acted for banks on a number of high profile schemes.