+8 years of experience in financial services regulation
Subject matter expert on key MiFID II topics, including Transparency, Markets and Clearing Specialist topics
Iain Wilson is a Senior Director with Alvarez & Marsal’s Regulatory Advisory Services practice in London, with more than eight years of experience in financial services regulation at the Prudential Regulation Authority (PRA) [within the Bank of England (BoE)] and the Financial Services Authority (FSA).
Currently at A&M, Mr. Wilson is co-leading a team that is advising a Dutch bank on the implementation of MiFID II. He is a subject matter expert on key MiFID II topics, including Transparency, Markets and Clearing Specialist topics.
Most recently at the PRA / FSA, he served as the Head of Impact Analysis for Banking Structural Reform within the Policy Division, responsible for work on the UK Banking Reform Act 2013 (aka the Vickers’) standards on ring-fencing, capital and leverage ratio proposals, the US Dodd-Frank standards on ring-fencing (aka the Volker rule), and on Foreign Bank Organizations (FBOs), and the EU proposals on ring-fencing (aka Liikanen).
Mr. Wilson performed analysis (including modeling the financials), reviewed the business strategy and model, and examined proposed implementation plans for the largest UK banks. He met with senior management at those banks, and later presented the analysis to BoE Governors, the PRA Board, the Financial Policy Committee, the European Commission and HM Treasury. He also helped to quantify the impact of other regulatory changes on resolution, liquidity and group structures.
Before that, Mr. Wilson was a Relationship Manager with the FSA’s Overseas Banks Division, supervising several large international banking groups (Canadian / Australian / American). The work included applying the FSA’s / PRA’s risk assessment processes, formulating the supervisory mitigation strategy for risks identified and drafting an Arrow II / PSM supervisory letter. He also head the role of department lead on CRD IV implementation.
Mr. Wilson also managed the FSA’s / PRA’s relationship with the banks’ senior management, both in the UK and overseas, and with the Australian Prudential Regulator.
He completed an eight-month secondment to the UK-based Global Investment Bank of the Royal Bank of Canada, working on capital market transactions for large European banks, insurers and financial sponsors. He also completed analysis for individual firms, providing market insight, peer analysis and financial advice.
Mr. Wilson earned a master of art’s degree in accountancy, business studies and economics from the University of Edinburgh.