Financial Services UK

  • October 01, 2026

    AMLA Sets Out New Client Checks To Combat Financial Crime

    The European Union's financial crime watchdog has finalized draft requirements setting out when companies must check customers, how they should verify identities and what information corporate groups must share to combat money laundering and terrorist financing.

  • October 01, 2026

    ESMA Calls For Stronger Crypto Regulation To Curb Risks

    ​The European Union's securities regulator has called for changes to the bloc's crypto-asset rules to strengthen investor protection, close regulatory gaps and provide clearer rules for emerging services including decentralized finance, staking, lending and borrowing.

  • October 01, 2026

    DBS, ING Provide $1.3B Loan For London Office Refurb

    DBS Bank and ING Bank have provided property investors with a loan of 1.72 billion Singapore dollars ($1.34 billion) to finance the refurbishment of a major office and retail development in the City of London.

  • October 01, 2026

    EU Seeks To End Cancer Survivors' Barriers To Insurance

    The European Commission has proposed measures that will require member states to bar financial services providers from considering a person's cancer history when they assess risk after a specified period.

  • September 30, 2026

    Climate Risk Repricing Threatens UK, Bank Of England Says

    The Bank of England said Wednesday that the secondary effects of climate change on sovereign and corporate bond markets were the biggest threat to the U.K.'s financial stability. 

  • September 30, 2026

    FCA Simplifies Climate Reporting Rules For Listed Issuers

    The Financial Conduct Authority published simplified final rules Wednesday requiring listed companies to report how climate change and other sustainability issues could affect their businesses on a comply-or-explain basis.

  • September 30, 2026

    Deep Pockets Fuel Shareholder Claims Despite Few Rulings

    Shareholder claims against listed companies continue to attract investors and funders despite the lack of a clear, trial-tested route to recovery for group actions, as lawyers say that the potential value of the claims and the prospect of settlement can make the legal uncertainty worth taking on.

  • October 07, 2026

    A&O Shearman Hires Stephenson Harwood Secondaries Team

    A&O Shearman said Wednesday that it has recruited two partners and the rest of their secondaries team from Stephenson Harwood to help drive growth of the business in London.

  • September 30, 2026

    Ex-NCA Officer Ordered To Repay £1.8M After Bitcoin Theft

    A former National Crime Agency officer will have to repay more than £1.8 million ($2.7 million) after he stole 50 bitcoins during an investigation into dark web drug dealing, prosecutors said on Wednesday.

  • September 30, 2026

    Knight Frank Faces £17M Claim Over Property Valuations

    An investment firm has sued Knight Frank LLP for £17.2 million ($22.8 million), alleging that the property adviser negligently overvalued a portfolio of residential properties used to secure an £80 million loan.

  • September 30, 2026

    Crypto Firms Can Seek FCA Approval As New Gateway Opens

    Crypto firms can now apply to the Financial Conduct Authority for permission to operate, as part of a wider push to strengthen the U.K.'s position as a global hub for crypto-assets, the City regulator said Wednesday.

  • September 30, 2026

    Court Rescues Co. Wrongly Charged £1.7M For Bitcoin Scam

    The Court of Appeal has overturned a judgment requiring a cryptocurrency exchange to pay £1.7 million ($2.3 million) to the victim of a bitcoin scam, finding that the company was blameless and the order based on flawed evidence.

  • September 30, 2026

    K&S Law-Led Liontrust To Buy Fund Manager Unit For £10M

    Liontrust said Wednesday it has agreed to purchase Hawksmoor Investment Management's fund management and model portfolio services business for up to £10 million ($13.3 million) in cash to expand its client base.

  • September 30, 2026

    Nuveen's £10B Takeover Of Schroders Wins Court Approval

    Nuveen can proceed with its £9.9 billion ($13.2 billion) takeover of Schroders after the High Court sanctioned the deal, clearing the way for the City investment manager to be taken private.

  • September 29, 2026

    Binance Unauthorized Derivatives Claim Swells To £250M

    More than 1,000 investors have joined a group action case accusing Binance of illegally selling them high-risk derivatives products, increasing the value of the claim to £250 million ($331 million), their lawyers said Tuesday.

  • September 29, 2026

    AI Smashes Defenses Of Crypto Applicants For FCA Regime

    Criminals using artificial intelligence could smash through the systems and controls of many crypto businesses planning to apply for authorization under the Financial Conduct Authority's crypto regime in the six-month window that starts Wednesday, lawyers have warned.

  • September 29, 2026

    Paralegal Loses Appeal To Revive Case Against Recruiter 

    A paralegal has lost his bid to revive discrimination claims against the Financial Ombudsman Service and a recruitment agency, after a tribunal found he missed the deadline to appeal by six days. 

  • September 29, 2026

    Barclays Wins Approval For Targeted Investment Support

    The Financial Conduct Authority has approved Barclays' plan to reach new customers with more personalized investment advice, the bank said Tuesday.

  • September 29, 2026

    MFS Boss Blames Barclays For Collapse In £1.3B Fraud Case

    The former owner of Market Financial Solutions has denied siphoning off £1.3 billion ($1.7 billion) from the property finance business, blaming Barclays for its collapse.

  • September 29, 2026

    Julius Baer Must Hold Extra Capital As Swiss AML Probe Ends

    Julius Baer must hold at least 250 million Swiss francs ($300 million) in additional capital and obtain regulatory approval for payments to shareholders after Switzerland's financial regulator found Tuesday that the bank breached risk management and anti-money-laundering requirements.

  • September 28, 2026

    British Airways Beats £5.8M Tax Bill For Worker Hotel Stays

    Money that British Airways spent on London hotel rooms for cabin crew members working back-to-back shifts was not employee income subject to nearly £5.8 million ($7.7 million) in taxes, a U.K. court ruled Monday, saying the funds were deductible travel expenses.

  • September 28, 2026

    Scottish Broker Accused Of Embezzlement Ruled Bankrupt

    The Financial Conduct Authority on Monday said it has secured a bankruptcy order against a Scotland-based insurance broker who is currently awaiting trial on embezzlement charges. 

  • September 28, 2026

    SocGen, Vodafone Get EU Approval For German Fiber Co. Buy

    The European Commission said Monday it has cleared banking giant Société Générale and telecoms company Vodafone GmbH's plan to jointly own German fiber network OXG Glasfaser.

  • September 28, 2026

    FCA Secures Refund For Victims Of £1.5M Crypto Fraud

    The Financial Conduct Authority said Monday it has secured more than £850,000 ($1.1 million) in confiscation orders against two individuals involved in a £1.5 million crypto-investment fraud.

  • September 28, 2026

    Binance, Kraken Bid To Decertify Shrunken BSV Class Action

    A group of cryptocurrency exchanges urged the Competition Appeal Tribunal on Monday to toss out a class action by crypto traders, arguing that the greatly reduced value of the once £10 billion ($13.3 billion) claim means that litigation costs outweigh benefits to the class.

Expert Analysis

  • 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.

  • EU Fund Manager Reforms May Deepen Divide With UK Regs

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    Although the European Union is progressing with newly implemented regulations for alternative investment fund managers, the U.K. is leveraging post-Brexit flexibility to review its regulatory framework, marking a potential divergence between the two regimes, say lawyers at Skadden.

  • FCA-Approved Firms Get Liability Clarity On Appointed Reps

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    The recent U.K. Supreme Court judgment in Kession Capital v. KVB Consultants, turning on the construction of Section 39 of the Financial Services and Markets Act 2000, sets an important precedent in elucidating a Financial Conduct Authority-authorized person's responsibility for its appointed representative's activities, say lawyers at Signature Litigation.

  • Private Lender Verification Lessons From Recent Fraud Cases

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    Recent fraud allegations involving private credit borrowers raise compliance red flags for lenders, who must recognize that financial and collateral verification is an essential safeguard as failures in underwriting and monitoring infect the broader market, say Michael Bresnick at Venable and Brian Mich at Control Risks Group.

  • Internal Investigation Strategy After Glencore Privilege Ruling

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    The recent High Court ruling in Aabar Holdings v. Glencore PLC confirms that legal privilege can extend to intraclient communications, materially improving the position of companies that design investigations carefully, define legal channels properly and maintain discipline in their internal communications, says Nicolas Groffman at Harligan.

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