Alexandria Carr is a qualified barrister practising in London as Of Counsel with the Financial Services, Regulatory & Enforcement group. Prior to joining Mayer Brown in 2012, she worked for the UK government for 13 years, the last five of which she spent at the UK's ministry of finance, HM Treasury, working closely with people across government, the then FSA, the Bank of England, ministries of finance across Europe and the institutions of the EU. Legal 500 comments on her "strong insight into EU financial services regulatory developments". She is exceptionally well-placed to advise financial institutions on critical issues concerning the new regulatory and market developments and the challenges and opportunities they create.
Alexandria joined HM Treasury specifically to advise the UK negotiating team on Solvency II. She subsequently became the lead legal adviser on EU financial services strategy with a specific focus on the new EU financial services supervisory architecture. She was the lawyer on the UK team who negotiated the European System of Financial Supervision (ESFS) (which established the new European Supervisory Authorities) and implemented the ESFS in the UK. Following the establishment of the ESFS in January 2011, she advised HM Treasury on the changes it made to the regulation and supervision of financial services. On joining Mayer Brown, she was seconded to HM Treasury to serve as legal advisor to a project team considering recent and projected developments in the Eurozone, including proposals for an EU banking union.
Alexandria also advised HM Treasury on the EU's response to the financial crisis more generally, as the EU seeks to reduce the discretion of individual Member States to legislate domestically and to develop a single EU rulebook for financial services, and on the new system for making subordinate EU financial services legislation (what is known as "level 2") post the Lisbon Treaty. In addition, she was the lawyer on the UK teams negotiating Solvency II and its amending legislation (Omnibus II), the short selling regulation, MAR and MAD II.
Alexandria's main focus is on EU financial services regulation, into which she has a unique insight as a result of her experience in government. As well as providing regulatory advice on transactional matters and advising on discrete regulatory projects, she monitors and provides training on the major regulatory developments that impact our clients. She is regularly quoted in the media, both in the press and on broadcasts.