Profile

Helen specialises in financial services markets and has experience in competition policy, regulation, litigation and arbitration. She has analysed the economics of markets on both the wholesale and retail sides of the financial services sector. Much of her work has focused on high-profile issues, including the European Commission’s investigation into the proposed London Stock Exchange and Deutsche Börse merger, the impact of the financial transaction tax, and the investigations into FX trading by various competition and financial regulators. Helen has presented evidence to the Commission and the CMA, as well as to international regulators and authorities such as the Australian Reserve Bank and the Australian Competition and Consumer Commission. She is listed in ‘30 in their 30s’ Notable Women Competition Professionals.

Selected project experience

  • Advising an asset management firm in the context of the FCA’s investigation into a potential Article 101 infringement (2018–)
  • Advising a price comparison website in the context of a CMA investigation into its use of most favoured nation clauses (2017–)
  • Advising an international bank in the context of an investigation by the European Commission into a potential Article 101 infringement (2017–)
  • Advising an insurance broker in the context of the European Commission’s investigation into aviation insurance, in a potential Article 101 infringement (2017–)
  • Advising a defendant to a damages claim arising from alleged LIBOR manipulation (2017–)
  • Delivering training to the FCA on competition and behavioural economics (2017)
  • Analysis to inform UK financial regulation post Brexit (2017)
  • Advice to a third party on the European Commission’s investigation into the proposed LSEG and DBAG merger (2017)
  • Benchmarking the performance of the Malaysian capital market for the Securities Commission of Malaysia (2017)
  • Advice to Intercontinental Exchange on the CMA investigation into its completed acquisition of Trayport (2016)
  • Advice to a major UK bank in the context of the CMA retail banking investigation (2015)
  • Advice to an international bank in the context of various FX investigations (2015)
  • Advice to multiple stock exchanges on the pricing of market data services (2015)
  • International comparison of trading, clearing and settlement services provided by infrastructure providers for the Australian Securities Exchange (2014)
  • Quantification of damages suffered by a Russian commodity company in an arbitration case under the rules of the London Court of International Arbitration (2013)
  • Analysis of the impact of proposed benchmark regulation (2013)
  • Delivered a training course on competition policy to the FCA (2013)
  • Analysis of the impact of the FTT on the energy market (2013)
  • International comparison of the charges for trading and post-trading services (2013)
  • Competition advice to the parties involved in the anticipated acquisition by ABN Amro, OMX, BATS and DTCC of EMCF (2013)
  • Advice to a leading insurer during the Competition Commission inquiry into private motor insurance (2012–13)
  • Advice to IntercontinentalExchange in relation to its anticipated acquisition of a majority stake in the energy operations of APX-ENDEX (2012–13)
  • Assessed the impact of changing the competitive structure of the Brazilian stock market (2012)
  • Analysed the impact of introducing a financial transaction tax on the EU economy (2012)
  • Assessed the impact of EU anti-discriminatory legislation in the context of insurance and credit markets (2011)
  • Provided advice on how a proposed merger between two stock exchanges could be expected to affect competition in European derivative markets (2011)
  • Estimated the value of tourism to the Jersey economy (2011)
  • Estimated the impact of proposed changes to financial services regulation on the real economy (2011)
  • Developed a methodology to assess the impact of regulation on the legal services sector (2011)
  • Estimated the demand for particular catastrophic insurance products (2010)
  • Analysed the contribution of financial services to the wider economy (2010)
  • Assessed the economic implications of proposed changes to the remuneration of legal aid advocacy services (2009)
  • Provided economic advice regarding pricing by age within insurance and credit markets in the context of EU anti-discriminatory legislation (2009)
  • Analysed the role of marketing within the Personal Injury Claims market (2009)
  • Considered the role of interoperability between derivative clearing houses in Europe (2008)
  • Assessed the economic implications for standardisation in the reporting of trades within international security markets (2008)
  • Part of a project team looking at the measurement of the prices, costs and volumes of trading and post-trading activities for the European Commission (2007–11)
  • Analysed the potential impact of price discrimination on competition in the UK telecommunications market, and developed analysis showing the circumstances under which compensation might be due (2007)
  • Modelled consumers’ incentives to switch and the costs of switching within the mobile telephony and pensions markets (2006)
  • Analysed the National Pension Savings Scheme and industry proposals for personal account pensions for the Association of British Insurers (2006)

Qualifications

  • MSc Economics, University College London
  • BA Economics, University of Cambridge