Phillip Souta specialises in public policy, legislative and regulatory developments that affect financial institutions and corporates in the UK and across the EU.
Phillip is the co-head of the UK electoral law practice advising financial institutions, corporates, industry bodies and campaigning groups.
Philip is a member of the Political Change team.
- Advising a number of leading global investment banks on the potential impact of Brexit on their business and their strategic response (both before and after the referendum vote).
- Advising financial institutions, corporates, industry bodies and campaigning groups on UK electoral and referendum law.
- Phillip spent six months on secondment to the UK Financial Conduct Authority (FCA), working on the joint FCA/PRA consultation paper and draft rules on improving individual accountability in the banking. These rules flow from powers enacted in the Financial Services (Banking Reform) Act 2013 following the recommendations of the Parliamentary Commission on Banking Standards.
- Advising on the establishment of the Banking Standards Board (BSB), created by Sir Richard Lambert to promote high standards of behaviour and competence across the UK banking industry.
- Advising PSA Antwerp, a port services provider, on EU law and procedure in relation to ports and customs regulation.
- Editing the Clifford Chance paper, "A legal assessment of the UK's relationship with the EU – a financial services perspective“ for the TheCityUK in relation to alternatives for the UK to membership of the European Union. Co-authoring the AFME paper, "The UK Referendum – Challenges for Europe’s Capital Markets, a legal and regulatory assessment“.
- Phillip has appeared on programmes including BBC Newsnight, the BBC Radio 4 Today programme, Sky News and Bloomberg and has commented in publications including the New York Times, the London Times, the Financial Times, the London Evening Standard, le Monde and le Figaro.
- Nationalisation - the impact on business and investors
24 June 2019
- Labour's IOF proposal: nationalising 10% of everything
8 November 2018
The UK Government Technology Innovation Strategy
12 September 2019
Labour's inclusive ownership funds: nationalising 10% of everything?
3 September 2019
The UK Parliament can (probably) block a no-deal Brexit
13 August 2019
Smart Data: UK Government consults on data sharing in regulated markets
25 July 2019
Brexit – Key Questions Answered
15 July 2019
Career and qualifications
- London School of Economics and Political Science (BA, Philosophy, Logic and Scientific Method) 2004
- Called to the Bar (Inner Temple) 2006
- Admitted as a barrister in England & Wales 2009
- Barrister at Carmelite Chambers London 2008
- Director of Business for New Europe 2010
- Joined Clifford Chance 2013
- Member of Chatham House
- Member of the Bar European Group
- Member of the Constitutional & Administrative Law Bar Association
- Sits on the UCL European Institute's Advisory Board