Tess Kelly

Expertise

Tess is a Partner in our Financial Services Regulatory team. She advises banks, building societies, investment firms and financial market infrastructure providers on financial services regulation, combining deep regulatory policy insight with a highly practical, delivery‑focused approach.

Her practice spans prudential and wholesale regulation, with particular expertise in capital and liquidity, operational resilience, ring‑fencing, recovery and resolution, governance and the application of EMIR and MiFID. She regularly advises on regulatory aspects of complex M&A, financing and derivatives transactions, and has an established focus on digital assets and the evolving regulatory framework for financial market infrastructure.

Before joining AG, Tess was Deputy General Counsel at the Bank of England, where she advised senior leadership on prudential and financial stability issues, including extensive engagement with government and senior regulators on policy development and reform.

Tess is a member of The CityUK’s Long‑term Competitiveness Group and is active in a number of Financial Markets Law Committee and City of London Law Society working groups.

She is ranked as a ‘next generation partner’ by Legal 500 and has been recognised in The Lawyer Hot 100, reflecting her reputation as a leading adviser in financial services regulation.