Partner and Head of Financial Institutions Group, Osborne Clarke
Paul Anning is head of European law-firm, Osborne Clarke's Financial Institutions Group and a specialist financial services lawyer. Mr. Anning has market leading experience and expertise in the payments industry where he has guided clients through new product development, regulatory change and transformational projects, such as the creation of the UK's Payments Council (which sets the strategy for UK payments), the acquisition by Munich-based Wirecard of one of Europe's leading prepaid card issuers and the partnering arrangements between Wirecard and a pan-European MNO for a contactless mobile payment solution.
Mr. Anning is well versed in the complexities of the payments industry's network arrangements. He also has a deep knowledge of legal and regulatory developments affecting the payments industry, including key European developments such as the Single Euro Payments Area (SEPA), the Payment Services Directive (PSD) and the Second Electronic Money Directive (2EMD). On PSD specifically, he has been involved since its inception in 2003 and has been advising the UK's Payments Council, banks and other payment service providers. Recent work includes advising on bitcoin, virtual currencies and the application of the European and UK legal and regulatory regime.