Rebecca Simmons is a partner in S&C’s Financial Services and Capital Markets Groups, head of its payments practice, and co-head of its FinTech practice. She represents clients in the structuring and development of financial products; in insolvency related matters and resolution planning, including living wills; in the development of payments, settlement, clearing and other financial technology businesses and systems; and in regulated transactions such as the development of new lines of business and corporate acquisitions. Her practice areas include U.S. banking, securities and commodities laws and regulation, payments, technology and outsourcing matters, bankruptcy and insolvency issues relating to complex transactions, corporate restructuring, derivatives structuring and regulation, U.S. securities laws and capital markets transactions.
Ms. Simmons has represented clients in developing and operating payments, clearing and settlement, trading and related systems, including the establishment of CLS Bank, the foreign exchange settlement system; the development of blockchain-based products and services, including of payment systems utilizing distributed ledger and related technologies; and the development and analysis of rules for derivatives clearing organizations to accommodate cleared swap transactions She is also involved in issues relating to identity and authentication in web commerce.
Ms. Simmons also leads S&C’s resolution planning practice. She also continues to represent a range of clients in derivatives, structured products and other transactions, financial institutions in capital markets and related transactions, and non-U.S. banks with respect to the financing and operation of their U.S. operations.
Ms. Simmons is the former chair of the Business Law Section of the New York State Bar Association and the former chair of the Committee on Futures Regulation of the New York State Bar Association. She has served as a member of the Committee on Futures Regulation and the Committee on Banking Law of the New York City Bar Association. In addition, she is a member of the board of the advisory board of Legal Information for Families Today; the board of the New York chapter of the Swiss-American Chamber of Commerce; Columbia Law School’s board of visitors; and the President’s Advisory Council of the Chesapeake Bay Foundation.