Financial Services UK

  • August 12, 2026

    Panel Urges FCA To Review Consumer Rules For Small Cos.

    The Financial Services Consumer Panel has asked the Financial Conduct Authority to review how banks and other finance businesses should apply the Consumer Duty and other rules to sole traders and smaller businesses.

  • August 12, 2026

    HSBC Discriminated By Failing To Give Worker A Printer

    An employment tribunal has ruled that HSBC UK Bank discriminated against a former employee by refusing to provide her with a working printer to use at home.

  • August 12, 2026

    Gupta Gets More Time In $7M UK Nickel Fraud Claim

    Indian metals tycoon Prateek Gupta has partly convinced an appeals court to delay acknowledging an almost $7 million fraud claim brought by a commodities trader pending the outcome of a jurisdictional challenge at the U.K. Supreme Court.

  • August 12, 2026

    Reignited Iran War Triggers Surge In Pension Funding

    Funding for U.K. pension plans rose to its highest point in three years in July after the resumption of hostilities in the Middle East pushed up yields on long-dated government bonds, the reserve fund for the sector has said.

  • August 18, 2026

    Simmons Hires 2nd Fund Finance Pro From Reed Smith

    Simmons & Simmons LLP said Tuesday that it has expanded its fund finance bench with a lawyer from Reed Smith LLP who joins as a partner, marking Simmons & Simmons' second hire from the U.S. firm's funds team in two months. 

  • August 11, 2026

    CBRE Alleges Foul Play In Tower Rent Fight Trial

    Real estate investment giant CBRE accused an asset manager at the start of a London trial Tuesday of manipulating the valuation of the Finance Tower in Brussels in order to avoid triggering a loan agreement's threshold.

  • August 11, 2026

    Pensions Body Issues FAQs To Prep For Dashboard Launch

    A standards-setting body for the pensions sector has issued guidance it said will help administrators, providers and service centers respond "clearly and consistently" to inquiries about the long-awaited pensions dashboards.

  • August 11, 2026

    UK Financial Ombudsman Revamps Complaints Rules

    The Financial Ombudsman Service introduced measures on Tuesday to improve how it rules on complaints between consumers and businesses.

  • August 11, 2026

    Simpson Thacher Guides Apax Deal With Goldman Sachs Unit

    British private equity firm Apax Partners has said its funds have agreed to sell Tosca, a food logistics services company, to a subsidiary of the alternative investments arm of Goldman Sachs Asset Management after almost a decade of ownership.

  • August 11, 2026

    Ex-Goodwin Lawyer's Plea Date Set For Insider Trading Case

    A former mergers and acquisitions solicitor at Goodwin Procter appeared at a London court on charges of insider trading on Tuesday, when his plea date was adjourned by a month.

  • August 11, 2026

    Lawmakers Press Banks On Crypto Access Concerns

    Lawmakers asked British lenders on Tuesday to explain restrictions on banking services faced by cryptocurrency and digital asset businesses, warning that limiting access could hamper growth and undermine the country's new regulatory regime.

  • August 10, 2026

    Barclays Mortgage Adviser Investigation Ruled Not Racist

    A Barclays mortgage adviser has lost his race discrimination claim against the bank, with an employment judge ruling that a disciplinary investigation into his use of customer records was not tainted by bias.

  • August 10, 2026

    Revolut Gets French Banking License To Help EU Expansion

    Revolut said Monday that its European banking arm Revolut Bank SA has been awarded a French banking license in a decision adopted by the European Central Bank, helping it to serve 30 million existing customers in Western Europe.

  • August 10, 2026

    Gunnercooke Denies Botching Settlement Over HBOS Fraud

    Gunnercooke has denied costing a family £4.7 million ($6.3 million) by bungling a settlement reached in the wake of their bankruptcies over a £245 million fraud against HBOS, arguing that the deal reflected what it was instructed to do.

  • August 17, 2026

    Paul Hastings Adds 2 Restructuring Pros From Hogan, Sidley

    Paul Hastings said Monday that it has hired two senior restructuring partners from Hogan Lovells Cadwalader and Sidley Austin LLP to continue its expansion in London.

  • August 10, 2026

    FCA Selects Growth Cos. For Support, Identifies Wider Failings

    The Financial Conduct Authority said Monday that the first five companies it solely regulates have joined its scale-up unit for tailored growth support as it identifies shortcomings in how some sectors manage expansion, including in their use of artificial intelligence.

  • August 10, 2026

    PayPoint Faces £1.5M Bill After Rival's Minimal Antitrust Win

    PayPoint PLC faces paying around £1.5 million ($2 million) toward a competitor's legal bill after losing an antitrust case in which the rival recovered just 0.1% of the £172 million in damages it originally sought.

  • August 10, 2026

    Fintech To Launch $100M Buyback In $182.5M Returns Plan

    Financial technology firm Plus500 said Monday it will roll out a new share buyback program worth up to $100 million as part of a broader plan to return $182.5 million to shareholders.

  • August 07, 2026

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

    The past week in London has seen Cleary Gottlieb sue a former client it advised on the proposed sale of a holding company and the continuation of litigation between pharma giants Merck Sharp & Dohme and Merck KGaA over rights to the Merck name in the U.K.

  • August 07, 2026

    Azeri Oil Biz Wins Bid To Pursue $300M Awards Claim In UK

    A London court ruled Friday that an Azerbaijani state-owned oil company can pursue claims in England against the founder of a Turkish shipping group for allegedly moving assets to avoid paying about $308 million owed under arbitration awards.

  • August 07, 2026

    Tax Uncertainty Caused UK Stock Selloff, Report Says

    Uncertainty over the future of U.K. tax policy under Prime Minister Andy Burnham has driven a stock selloff, global funds network Calastone said in a report.

  • August 07, 2026

    Former LC&F Boss Fails To Cut Sentence For Contempt

    The former chief executive of London Capital & Finance failed to have his six-month prison term for breaching a restraint order reduced on Friday when a London appellate court said it could "find no fault" with the sentence.

  • August 07, 2026

    FCA Tightens AML Checks On Registered Service Providers

    The Financial Conduct Authority said Friday it is applying increased scrutiny to some businesses it registers for anti-money laundering purposes amid growing concerns that their weak internal controls allow financial crime.

  • August 07, 2026

    Litigation Funder Settles Loan Clash With Investor

    London-based litigation funder Fenchurch Legal has settled a dispute with an investment manager and a defunct lender that has clashed with the investment manager over a multimillion-pound loan.

  • July 31, 2026

    Gold Trading App Can Sue Over Alleged Takeover Plot

    A gold trading app won permission Friday to seek damages from its former administrators at trial, as a London appeals court said it was arguable the administrators were appointed as part of an alleged hostile takeover disguised as debt enforcement.

Expert Analysis

  • UK Banks Are Favoring Tokenized Deposits Over Stablecoins

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    Lloyds Banking's recent purchase of gilt with tokenized deposits is an example of banks' preference for the instrument over stablecoins, which present uncertainty by demanding compliance with multiple conduct regimes, says Dan Jones at MoFo.

  • Where PCAOB Goes Next After A Year Of Uncertainty

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    The Public Company Accounting Oversight Board will likely bring fewer enforcement matters in 2026, reflecting a notable change in board priorities following the change in administrations, say Robert Cox and Nicole Byrd at Whiteford Taylor and Matthew Rogers at Bridgehaven Consulting.

  • Consolidation Of Lloyd's Bylaws Will Be Useful For Members

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    Lloyd’s of London’s recent consolidation of its bylaws will make the rules governing its market more accessible, providing immediate results as well as the necessarily flexible framework to address the future needs of its participants, say lawyers at Skadden.

  • How EU Prospectus Rule Changes May Boost Market Access

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    The European Union Listing Act’s forthcoming changes to EU prospectus requirements aim to reduce the regulatory burden for issuers of securities, facilitating more efficient transaction execution and reducing market risk, of particular relevance to small and midsize enterprises, say lawyers at Covington.

  • 4 Securities Trends For Pension Trustees To Watch In 2026

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    With the U.K. signaling it will soon demand more active fiduciary stewardship from pension trustees, British and EU fund managers must follow key trends in mass securities litigation, investment disclosures, and U.S. enforcement that could require intervening for their investors in 2026, say lawyers at Labaton Keller.

  • Exploring The Rise In European Private Credit Loan Portability

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    The increasing use of portability mechanics in loan documentation can make sales processes more attractive to buyers and brings cost savings to sellers, but there are concerns over the portability's impact on competition and differences in sponsors’ goals, say lawyers at King & Spalding.

  • Sanctions Spotlight: Compliance Insights After OTSI's 1st Year

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    The Office of Trade Sanctions Implementation's recent report on its first year of operation offers insights into OTSI's interpretation of its mandate as the U.K.'s civil enforcement body for trade sanctions and efforts to operationalize its enforcement powers, giving businesses a compliance road map for areas it will prioritize in 2026, says Alexandra Melia at Steptoe.

  • A Look At ESMA's New Governance Framework For EU Boards

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    The European Securities and Markets Authority's recently finalized supervisory expectations for management bodies mark a shift toward improved board oversight across culture, risk, strategy and accountability that firms should view as a benchmark, say lawyers at Ropes & Gray.

  • Digital Assets Act Allows Courts To Cater For New Tech

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    The recently enforced Property (Digital Assets etc) Act confirms in law that digital assets can be recognized as personal property, while leaving intentional gaps, which allow courts the flexibility to adapt traditional legal rules to new innovative technology, say lawyers at Dechert.

  • How To Navigate AI M&A Risks, Compliance In Europe

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    As the artificial intelligence industry continues to witness substantial M&A transactions in Europe, parties should be mindful of the unique challenges posed by the acquisition of intangible AI technologies, monitor the evolving regulatory landscape, and establish optimal mechanisms for risk allocation, say lawyers at Morgan Lewis.

  • What To Expect From UK Prospectus Regime Changes

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    The new U.K. prospectus regime for trading on regulated markets, effective Jan. 19, aims to streamline processes and reduce costs, but a significant shift in structuring and disclosure obligations will increase pressure on practitioners to manage risk under tighter timelines, say lawyers at Baker Botts.

  • 10 Financial Regulatory Changes To Prepare For In 2026

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    A number of changes in the financial regulatory sphere are due this year, from targeted support to payment safeguarding and a new consumer composite investments regime, and firms should plan to address the policies and regulatory strategies relevant to them, say lawyers at Womble Bond.

  • How Gov't AML Supervision Reform Will Affect Law Firms

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    In confirming that the Financial Conduct Authority will become the single supervisor for professional services, HM Treasury’s planned reform of the U.K.’s anti-money laundering and counter-terrorist financing supervision regime marks a significant change for the legal profession, signaling a greater emphasis on evidence and accountability, says Harriet Holmes at Thirdfort.

  • EU Financial Regulation Trends Cos. Need To Watch In 2026

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    An ever-increasing number of initiatives on the European Union regulatory agenda, with simplification and consistent implementation being priorities, means financial services businesses with a footprint in the EU or seeking to establish one will face significant challenges and strategic opportunities, say lawyers at Taylor Wessing.

  • What To Expect From UK, EU Crypto Regime Changes In 2026

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    With 2025 marking the first operational year of the European Union’s Markets in Crypto-Assets Regulation and the U.K.’s rules reaching their final legislative form, the two jurisdictions are converging in focus, but structural design differences mean firms active in both markets will require dedicated documentation to ensure compliance, say lawyers at Morgan Lewis.

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