While the evolution of the financial industry and its relations with counterparties has modified the disputes pattern in recent years, the historical perception in the financial industry that arbitration is unsuitable for disputes involving financial institutions has been challenged. The session will review the reasons for the change and discuss feedback from experience in key business lines and expert subject matter where arbitration is already used. It will consider the specific procedural needs of the financial industry, the impact of market associations, such as the International Swaps and Derivatives Association (ISDA) and the Loan Market Association (LMA), proposing standard arbitration clauses and the role of specialist arbitration centres. Going further, it will explore the potential for growth through the adaptation of arbitration rules and education of financial institution staff.