Financial Services UK

  • August 19, 2026

    Finance Exec Says Piraeus Restructure Axes €31M Debt Claim

    A business executive has told a London court that a Greek bank cannot hold him liable for a €31 million ($36 million) debt allegedly owed by two companies linked to him because it is legally separate from the original lender.

  • August 19, 2026

    FCA Bans And Fines Ex-Fund Manager Head Over Failures

    The Financial Conduct Authority said Wednesday it has fined and banned the former chief executive of a wealth management and stockbroking firm that has since entered administration, finding he failed to properly manage the firm and to put customers' interests ahead of its profits.

  • August 19, 2026

    Mexican Investor Sues Floreat Unit For $12M Funding Return

    Mexican businessman Ricardo Antonio Ponce Gutierrez and his company have filed a claim for 10 million Swiss francs ($12.4 million) in London's High Court against a member of the Floreat investment group, alleging it failed to repay funding provided under two investment agreements.

  • August 19, 2026

    Burges Salmon Accused Of Botching London Property Deal

    A prospective buyer of two properties in east London has sued Burges Salmon LLP, alleging that the law firm mishandled information and evidence he provided about potential fraud exposure during the transaction.

  • August 19, 2026

    Lebanon Bank Says Crisis Made Sheikh's $24M Transfer Illegal

    A Lebanon-based bank has denied wrongly refusing to transfer more than $24 million to a Saudi sheikh's Swiss account, arguing that Lebanon's banking crisis made performing the transfer impossible and that complying with the request would now constitute a criminal offense.

  • August 18, 2026

    BoE Must Disclose Why Mitie Staffer Missed Out On Transfer

    A tribunal has ordered the Bank of England to hand over documents that could shed light on whether a Mitie Ltd. worker was unfairly dismissed after he was excluded from a transfer to another security provider.

  • August 18, 2026

    FCA Bans Senior Manager Who Hid Director Disqualification

    The U.K.'s financial regulator said Tuesday it has banned a debt management company's executive from working in financial services, saying he lied under oath in an attempt to conceal being a company director and later failed to disclose the resulting 10-year disqualification.

  • August 18, 2026

    FCA Finds Crime Control Failings At UK Wealth Managers

    The Financial Conduct Authority said Tuesday it has found "weaknesses" in financial crime controls at some U.K. wealth managers, including gaps in checks on clients' wealth, transactions, political exposure and sanctions.

  • August 18, 2026

    Property Investor To Enter Administration After US Sanctions

    An investor in Cuban real estate said Tuesday that Guernsey's financial regulator will appoint a court administrator for the company after U.S. sanctions triggered the loss of key banking, service provider and business relationships.

  • August 18, 2026

    Property Group Founder Banned Over £5M Marketing Scandal

    The government said Tuesday it has hit the founder of a property group with a five-year ban from being a company director after investors lost £4.8 million ($6.5 million) through a connected business that distributed "false and misleading" marketing material.

  • August 17, 2026

    Big Banks Reach $86.4M Deal In Mexican Bond-Rigging Suit

    Bank of America, HSBC and other global banks have agreed to pay $86.4 million to resolve investor class claims that they conspired to fix Mexican government bond prices, according to a proposed settlement unveiled on Friday in New York federal court.

  • August 17, 2026

    Orrick Settles €21M Negligence Claim Over Debt Advice

    Orrick Herrington & Sutcliffe (UK) LLP has settled a claim by a hedge fund accusing the firm of negligence, alleging it failed to advise it to enforce a €21 million ($24.3 million) debt in a French energy group's insolvency.

  • August 17, 2026

    Broker Sued For $550M For Alleged Securities Fraud

    A British hedge fund company has sued a Brazilian man for more than $500 million in a London court, alleging that he perpetrated an elaborate securities fraud against the company.

  • August 17, 2026

    'Clearer Justification' Needed For Pension Fund Levy Plans

    A retirement savings trade group said Monday that the government must provide "clearer justification" for elements of its proposed plans to hike levies on pension funds to plug a £154 million ($209 million) shortfall in the cost of regulating the sector.

  • August 17, 2026

    Dickson Minto-Led Lender To Acquire Rival For £55M

    Bentley Park, a holding company linked to private investment business Tavistock Group, said Monday its subsidiary has agreed to acquire flexible lender Time Finance for approximately £55.1 million ($75 million) to combine their complementary products and regional strengths.

  • August 17, 2026

    Revolut CEO Sued For €17.5M Over Superyacht Commission

    A co-founder of Revolut has been sued by a British yacht broker for allegedly trying to dodge paying the commission for arranging his purchase of a superyacht worth an estimated €350 million ($406 million), according to a newly public claim in London.

  • August 17, 2026

    Ireland Debuts National Anti-Money Laundering Plan

    The Irish government has launched Ireland's first national anti-money laundering strategy, which it says is the most significant strengthening of its financial crime framework in years.

  • August 17, 2026

    FCA Opens India, UAE Posts To Deepen UK Finance Ties

    The Financial Conduct Authority said Monday it has appointed new financial services attachés for India and the UAE to support international investment in the U.K.

  • August 14, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen newly signed Real Madrid footballer Yan Diomandé sued over access to his image rights, Nigel Farage and Reform UK deputy leader Richard Tice accuse the NCA of leaking confidential financial information, and a right-wing American journalist hit The Guardian with a libel claim. 

  • August 14, 2026

    FOS Can Withhold Bank Complaint Records, Tribunal Rules

    A tribunal has ruled that the Financial Ombudsman Service may withhold confidential information it received from the Co-operative Bank during an investigation into a disgruntled bank customer's complaint and subsequent information request.

  • August 14, 2026

    Investors Challenge Spanish Auto Parts Maker's Restructuring

    A group of secured noteholders has sued a Spanish maker of auto parts, arguing that the company's restructuring of its €821 million ($950 million) debt unfairly favors lender banks at the noteholders' expense.

  • August 14, 2026

    Investor In €45M Fraud Can Get Info On Frozen Accounts

    An investment fund that says it is the victim of a €45 million ($52 million) fraud secured a court order on Friday for HSBC to provide it with information on the alleged scammers' frozen bank accounts.

  • August 14, 2026

    EU Insurers Ask For Simpler Data Breach Notifications

    A trade body for insurers in Europe has asked the European Data Protection Board to simplify its proposed format for notifying of personal data breaches in a harmonized way.

  • August 14, 2026

    Freshfields-Led Property Co. To Sell Valuation Biz Hometrack

    Property portal owner ZPG Ltd. said Friday that it has agreed to sell its data and analytics business Hometrack to private equity firm Providence Equity Partners, as the U.K. group focuses on its other businesses.

  • August 14, 2026

    Ex-Asset Manager CEO Fined For Lying To FCA On FC Deal

    The Financial Conduct Authority said Friday it had fined Paul Taylor, the former chief executive of Blue Horizon, £489,000 ($662,000) and banned him from working in finance after he made false statements as he sought to buy a bank and a football club.

Expert Analysis

  • Crypto Sector Sees Tougher Sanctions Compliance Demands

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    The U.K. government’s recently announced Russian sanctions package focusing on crypto-assets is a clear indication that authorities consider the crypto sector a major enforcement area, firmly within the scope of financial sanctions law, says Thomas Cattee at Gherson Solicitors.

  • AI Puts Financial Firms' Human Accountability To The Test

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    A recent Financial Services Skills Commission report illustrates the paradox that artificial intelligence increases the need for human oversight while automating the pathways through which that expertise is developed, and financial firms whose governance evolves at pace with technology are poised to benefit the most, say Louise Neave and Jack Paul at Fox Williams.

  • Why Tonzip Is Notable In English Sanctions Law Development

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    The Court of Appeal's ruling in Tonzip Maritime Ltd. v. 2Rivers Pte Ltd., the latest in the English law of sanctions ownership and control, confirms that where a contract refers to sanctions exposure, the relevant question may be whether there is a real and objectively reasonable risk, not whether a sanctions breach has already been proved, say lawyers at Michelman Robinson.

  • How Firms Can Prepare For Increasing AI-Cybersecurity Risks

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    The growing convergence between cybersecurity and artificial intelligence means that businesses need to recognize the breadth of the threat, and conduct repeated testing and adjustment to address the shifting risk landscape, say lawyers at Debevoise.

  • What EU Coalition's 6-Point Proposal Means For Market Regs

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    The European Union’s recent position paper sent to the European Commission from its six largest economies is a serious political signal that businesses should treat as an indicator that European market regulation is heading toward deeper integration and stronger supervision, says Antonio Lanotte at Futura Law.

  • EU Protocol Strengthens Int'l Criminal Asset Recovery Powers

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    The Council of Europe’s recently adopted protocol to the Warsaw Convention marks a significant evolution in the international asset recovery landscape, signaling a focus on proactive and coordinated methods that require organizations to consider how to respond quickly to unexpected enforcement action, say lawyers at Trowers & Hamlin.

  • How UK Unfair Dismissal Reforms Could Affect PE Sponsors

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    The U.K. government’s unfair dismissal rights reforms taking effect from January 2027 could create uncertainty over management incentive arrangements and complicate senior management changes, representing a material shift in the risk landscape for private equity firms, say lawyers at Debevoise.

  • A Potent EU Tool To Block Russian Arbitration Interference

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    The European Union’s latest sanctions package introduces an EU-wide antisuit injunction mechanism that offers businesses a powerful weapon against Russia's efforts to derail international arbitration with forum-shopping tactics, say lawyers at Signature Litigation.

  • How FCA Proposal Would Change IPO Research Rules

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    The Financial Conduct Authority’s recent proposals for the governance of information flows in equity initial public offerings represent a recalibration rather than a wholesale deregulation of the current framework by maintaining that connected research be grounded in approved disclosure, say lawyers at Sullivan & Cromwell.

  • Nonequity Partner Tier Presents Lawyers With Pros And Cons

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    While the nonequity partner model may offer law firms' management flexibility and be a genuine stepping stone for lawyers in some organizations, at others the tier functions more as an extended holding pattern whose uncertainty can cause frustration for ambitious lawyers, say Filippo Falchi and Portia White at Major Lindsey.

  • Series

    Practice Leader Insights From Covington's David Berman

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    David Berman, Covington's head of EMEA financial services, discusses how he perceived a gap in the market for practical financial regulatory advice, the challenges of advising Egypt on its new banking law, and how firms that neglect artificial intelligence governance do so at their peril.

  • EU Foreign Subsidies Report Offers Chance To Take Stock

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    The European Union’s forthcoming review of the Foreign Subsidies Regulation, revealing reassuringly low intervention rates but a burdensome prenotification process, offers the European Commission a timely opportunity to address genuine distortions and be more proportionate in its demands on market participants, say lawyers at Dechert.

  • EU Directive Recalibrates States' Anti-Corruption Landscape

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    The European Union's recently adopted anti-corruption directive does not transform compliance requirements overnight, but it will establish a minimum harmonization framework addressing substantive offenses, corporate liability and sanction levels across member states once national legislation is in place, say Katharina Humphrey, Karla Böltz and Maximilian Schach at Gibson Dunn.

  • Easing Of UK Stablecoin Rules Will Encourage Crypto Growth

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    The Bank of England’s recent decision to relax parts of its proposed framework for sterling-backed stablecoins balances innovation with financial stability, and will help the U.K. remain competitive with crypto markets across the globe, says Thomas Cattee at Gherson.

  • New FDI Regs Signal Major Changes For M&A Deals In EU

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    The European Parliament’s recent adoption of the new foreign direct investment regulation represents a major shift from the European Union's current regime, replacing a voluntary fragmented system with a mandatory baseline for screening and introducing procedural requirements that will bring greater consistency across member states, say lawyers at Covington.

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