Federica Taccogna
Partner and
Head of Regulatory Risk Consulting and Investigations
Experience
Federica has spent more than 20 years helping financial institutions navigate periods of change, growth and regulatory pressure. Today, she advises institutions around the world on a broad regulatory agenda spanning financial crime, sanctions, fraud, MiFID II, Consumer Duty, regulatory simplification and, more recently, AMLA readiness.
Much of this work involves turning regulatory expectations into workable change. Inter alia, she has led an 18-month risk transformation across 11 global businesses, culminating in an FCA attestation; large-scale MiFID II and conduct transformation programmes for two international banks; and the design and implementation of bank-wide financial crime effectiveness frameworks for multiple international financial institutions.
Some clients come to Federica because they are building, buying or entering new businesses, markets and products. She led the regulatory strategy and negotiations for one of the UK’s highest-profile banking licence applications, arising from the divestment of a division of a major banking group. She also regularly advises private-equity investors and financial institutions on acquisitions, changes in control, licensing and market entry across multiple jurisdictions.
Other matters are driven by regulatory or enforcement action. Federica is frequently called upon to help institutions establish what has happened, respond credibly and contain the regulatory and reputational consequences. Her work has included assisting a European bank with its response to a US Department of Justice subpoena concerning sanctions breaches and AML shortfalls, and advising financial institutions and gaming operators facing regulatory investigation or enforcement.
She has also led complex regulatory and corporate investigations including a dual-track regulatory and criminal investigation into the alleged facilitation of terrorist financing by a major international banking group.
Federica is a Partner and leads the Regulatory Risk Consulting and Investigations practice with over 20 years’ experience assisting financial services clients navigate complex regulatory and financial crime issues.
Federica is a trusted advisor to financial institutions, regulators and governments who brings a unique blend of regulatory insight and industry expertise to contentious and high-stakes matters.
Her perspective is shaped by having worked on all sides of the regulatory relationship. Before joining Rosenblatt, Federica was a Partner at FTI Consulting, where she led the Financial Crime practice, and at Interpath Advisory, where she co-headed the Governance, Risk and Regulation practice. She has also held senior executive positions at leading financial institutions and was seconded to lead the financial crime unit of a regulator, managing a wide and diverse portfolio of investigations into regulated firms.
She has also led complex regulatory and corporate investigations including a dual-track regulatory and criminal investigation into the alleged facilitation of terrorist financing by a major international banking group.
Federica’s perspective is informed by her extensive work for regulators themselves. She has led s166 reviews, monitorships, independent reviews and investigations commissioned by the FCA, US regulators, the ECB, the South African Reserve Bank and the Cayman Islands Monetary Authority. This work has included a thematic review of the quality of suspicious activity reporting across 21 South African banks and an investigation into the role of several crypto asset service providers and electronic money institutions in a major international payments fraud.
Her work extends beyond individual institutions. Federica has helped Malta and the UAE respond to FATF scrutiny and has supported governments and regulators in strengthening national regulatory and supervisory systems.
She has written laws and regulations, designed supervisory handbooks, drafted sanctions implementation guidance and developed frameworks governing virtual assets.
Increasingly, Federica’s work deals with the interaction between regulation and technology. She advises on tokenisation and programmable compliance and helps boards and compliance functions consider how AI can improve effectiveness, simplify processes and reduce cost.
Federica works with banks, asset managers, insurers, payments firms, fintechs and digital-assets businesses, as well as governments and regulators, across the UK, Europe, the Middle East, Africa, the Americas and Asia.