Financial Services UK

  • September 25, 2026

    Walker Morris Hires Ex-DLA Piper UK Capital Markets Co-Head

    Walker Morris LLP said Friday that it has hired DLA Piper's former U.K. equity capital markets co-head to strengthen its capabilities in complex transactions.

  • September 18, 2026

    UK Parks Financial Inclusion Changes Until 2027 Review

    HM Treasury has postponed decisions on several proposed changes to the government's plan to remove barriers to financial participation until a two-year review due in 2027, the government said Friday.

  • September 17, 2026

    Revolut CEO Denies Owing Yacht Broker €17.5M Commission

    A co-founder of Revolut has denied that he owes a British yacht broker €17.5 million ($20.1 million) in commission, arguing that he arranged his purchase of the superyacht directly with the owner.

  • September 17, 2026

    Hedge Fund Sues LME For Breaches Over 2022 Nickel Crisis

    The London Metal Exchange is being accused of abusing its dominance by failing to install safeguards, in a new attempt to hold the market liable for the disorder that followed a surge in nickel prices in 2022.

  • September 17, 2026

    Gabon Bank Says Afreximbank 'Negligent' In €25M Claim

    Gabon Bank has denied liability for a €25 million ($28.6 million) claim brought by African Export-Import Bank, arguing that the payment arose from a fraudulent fuel transaction that Afreximbank knew about, or should have.

  • September 17, 2026

    HMRC Draft Rules Set 22% Charge On Cash In Stock ISAs

    Britain's tax authority published draft rules Thursday for the 2027 cash limit for individual savings accounts, including a new flat-rate charge of 22% on interest earned on cash parked inside stocks and shares wrappers.

  • September 17, 2026

    EU Lawmakers Told Not To Push Trading To Specific Venues

    European Union lawmakers should drop plans that will restrict where investors can execute trades, industry bodies said, warning that the proposals would raise costs and devalue EU shares.

  • September 17, 2026

    Law Firms Can Be 'Partners' In AML Crackdown, FCA Says

    An executive director at the finance watchdog urged law firms on Thursday to work with law enforcement agencies to tackle economic crime, saying they played a crucial role in detecting and investigating the spread of dirty money.

  • September 17, 2026

    FCA Blocks More Peer-To-Peer Illegal Crypto Traders

    The Financial Conduct Authority said Thursday it has continued its crackdown on illegal cryptocurrency trading, working with HM Revenue and Customs and the Metropolitan Police to target suspected unregistered peer-to-peer crypto businesses in London.

  • September 17, 2026

    UK Watchdog Moves To Widen SME's Access To Finance

    The finance watchdog floated measures on Thursday that it said would improve how small and midsized businesses get access to finance, which include limiting duplicated verification checks and streamlining consumer credit rules. 

  • September 17, 2026

    FCA Probes UK Currency Exchange Over AML Fears

    The Financial Conduct Authority said Thursday that it has opened an investigation into a currency exchange and international payment processing business based in London as it probes potential breaches of money laundering rules.

  • September 16, 2026

    Insurance Broker Blocks Maritime Fund Manager's 'EMF' TM

    An insurance broker has convinced European officials to nix a finance company's trademark for "EMF," after showing that clients might believe the rival's services are linked to its existing EFM brand.

  • September 16, 2026

    Santander Denies Doing Client's Bidding In $90M Bond Spat

    Santander on Wednesday denied doing the bidding of a client by refusing to release funds at the center of a $90 million bond dispute to a power plant developer, telling a London court the company should withdraw the unfounded claims.

  • September 16, 2026

    Gov't Forced To Hand Back £19M After Pension Tax Errors

    The U.K. government has to pay back £19 million ($25.6 million) to around 3.2 million taxpayers after identifying errors over the taxation of pensions, according to a letter sent to the Public Accounts Committee published Wednesday.

  • September 16, 2026

    Directors Deny Duping Investors Over Alleged £87M Car Fraud

    Two directors of a failed car leasing group denied at trial on Wednesday that they lied to investors to dupe them into putting £87 million ($117 million) into a car leasing scheme, which prosecutors say was a Ponzi scheme.

  • September 16, 2026

    FCA Issues New Guidance For Crypto-Business Authorization

    The Financial Conduct Authority issued guidance on Wednesday to help crypto-businesses prepare for the authorization needed to operate in the U.K. from October 2027.

  • September 16, 2026

    UK Eyes AML Rules For Football Clubs, Property Developers

    The government will look at bolstering the fight against dirty money by potentially extending anti-money laundering regulations to include property developers, football clubs and players' agents, according to its first-ever strategy.

  • September 16, 2026

    Dechert's Richard Hodge On FCA References And Misconduct

    Crispin Odey has made headlines again as a tribunal upheld a ban on the former hedge fund boss. Here, Dechert partner Richard Hodge talks to Law 360 about how the FCA wants to stamp out non-financial misconduct in the sector and how businesses will face pressure to stamp out sexual harassment.

  • September 16, 2026

    Linklaters-Led Banks To Raise £50M To Create Payments Rival

    Britain's biggest banks have launched a fundraising program worth approximately £50 million ($67.3 million) to develop a U.K. retail payments infrastructure to rival the Mastercard and Visa monopoly, an industry trade body has said.

  • September 15, 2026

    Lessors Say SpiceJet Can't Blame COVID For Unpaid $121M Rent

    Aircraft lessors urged a London court Tuesday to throw out SpiceJet's defense to their $121 million claim for unpaid airplane rent, arguing that the Indian airline had no realistic chance of defending against it because the planes were grounded during the early days of the COVID-19 pandemic.

  • September 15, 2026

    UK Insurers Make Progress On £100B Investment Pledge

    Insurers have so far invested nearly £23 billion ($31 billion) into U.K. assets, a trade body said Tuesday, two years after regulators loosened capital rules for the sector.

  • September 15, 2026

    Santander Accused Of Aiding Forum Shopping In Bond Row

    A power plant developer accused Santander of facilitating "cynical and heinous forum shopping" at the High Court on Tuesday, arguing the bank was acting as a "mouthpiece" for a building company seeking to avoid payment in a $90 million bond dispute.

  • September 15, 2026

    Dutch Investor Seeks €36M Payout Over Loan Default

    A Dutch investment company is suing Saudi firm Lewa Trading Industry for €36 million ($41.5 million) for allegedly defaulting on a loan covering the obligations of plant-based supplement company Naylor Nutrition UK.

  • September 15, 2026

    Car Leasing Firm Ran £87M Ponzi Scheme, Prosecutors Say

    Two directors of a failed car leasing group duped investors in an £87 million ($117 million) car leasing investment scam that was in fact run as a Ponzi scheme, a prosecutor said at the opening of the trial on Tuesday.

  • September 15, 2026

    FCA Bans Former Law Firm Owner Hit With Record £4M Fine

    Britain's financial regulator banned the former owner of a law firm from working in financial services Tuesday after the Solicitors Regulation Authority fined him a record £4 million ($5.4 million) in 2025 for misusing client funds at the now-shuttered firm he ran.

Expert Analysis

  • Judicial AI Guidance Update Shows Caution Still Prevails

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    The judiciary’s recently updated guidance on the use of artificial intelligence warns judges and tribunal members about misinformation and white text manipulation, providing a reminder that AI tools cannot replace direct engagement with evidence and reflecting a broader concern about their application when handling confidential material, say lawyers at Hogan Lovells.

  • Freezing Orders Maintain Their Impact 50 Years On

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    Freezing orders, created in Mareva v. International Bulk Carriers 50 years ago, are now a fundamental part of English and Welsh law and a significant weapon in the litigator's armory, considered indispensable by practitioners seeking to obtain enforceable judgments and interlocutory relief on behalf of their clients, say lawyers at Trowers and Hamlins.

  • EU Businesses Face Uncertainty Amid Sustainability Reforms

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    The European Commission’s sustainability omnibus, due to be approved this month, has brought a year of regulatory upheaval for European businesses, and although the long-awaited scaled-back obligations will provide clarity, a balance between not overburdening reporting companies and the need for data to make sustainable investments must be found, say lawyers at Peters & Peters.

  • How Russia Sanctions Trajectory Is Affecting UK Legal Sector

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    The proliferation of U.K. and European Union sanctions targeting Russia has led to a vast increase in legislative provisions, and lawyers advising affected businesses should expect a complex and evolving legal landscape for the foreseeable future, says Rob Dalling at Jenner & Block.

  • Tracking Crypto-Asset Tax Rules In 2025 And Beyond

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    The past year has seen an increasing amount of regulation in the crypto-asset space, with a range of novel and complex taxation challenges for regulators, and taxpayers can expect a marked increase in HM Revenue & Customs' compliance activity in the year ahead, says Liam McKay at RPC.

  • Navigating Legal Privilege Issues When Using AI

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    The recent explosion in artificial intelligence has led to prompts and AI outputs that may be susceptible to disclosure in proceedings, and it is important to apply familiar principles to assess whether legal privilege may apply to these interactions, say lawyers at HSF.

  • A Look At Factors Affecting Ombudsman Complaint Trends

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    Lawyers at Womble Bond provide an analysis of the Financial Ombudsman Service's complaint trends in 2025, highlighting the impact of changes within the FOS and external factors on the financial sector's redress system.

  • What To Know About FCA's Short Selling Regime Proposals

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    Although the Financial Conduct Authority’s recent proposals for changes to the U.K. short selling regime do not materially alter the rules, targeted reforms designed to reduce the administrative burden placed on position holders will be welcomed by market participants, say lawyers at McDermott.

  • How BoE Stablecoin Proposals May Reshape UK Payments

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    The Bank of England’s proposals for a sterling-denominated systemic stablecoin system amount to a substantial new regime, but it has a low-risk appetite for any change that would result in payment obligations migrating to a private stablecoin ledger and its tentativeness toward wholesale settlement is disappointing, say lawyers at Norton Rose.

  • Why EU's FDI Screening Proposals Require Careful Balance

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    The European Commission’s proposals to harmonize EU foreign direct investment screening regimes at the member state level require a trilogue between the commission, Parliament and council, which means political tensions need to be resolved in order to reach agreement on the five key reforms, say lawyers at Arnold & Porter.

  • OFSI Proposals Signal Greater Focus On Enforcement Activity

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    The Office of Financial Sanctions Implementation’s proposed financial sanctions reforms, with risks of higher penalties and more stringent disclosure requirements for U.K. banks and companies, reflect the agency’s evolution into a more sophisticated and robust enforcement regulator, says Irene Polieri at Gibson Dunn.

  • How Restructuring Reforms Will Streamline Insolvency Plans

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    The recently published revised practice statement on schemes of arrangement and restructuring plans promises midmarket businesses efficiency without diluting safeguards, positioning schemes as inclusive tools rather than elite options, say lawyers at Addleshaw Goddard.

  • How 2nd Circ. Decision Extends CFTC's Extraterritorial Reach

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    The Second Circuit recently concluded in U.S. v. Phillips that the Commodity Exchange Act extends to entirely foreign conduct if a victim of the conduct is based in the U.S., suggesting there is a heightened risk that foreign swap transactions will be susceptible to U.S. regulation when U.S. counterparties are involved, say attorneys at Skadden.

  • EBA Proposals Signal Overhaul Of EU 3rd-Party Risk Rules

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    The European Banking Authority’s plans to extend third-party risk controls to non-ICT services, which may be finalized by the end of the year, will place a significant compliance and operational burden on in-scope entities, which should not be underestimated, say lawyers at Travers Smith.

  • FCA Proposals Reduce Consumer Duty Compliance Burden

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    The Financial Conduct Authority’s recent proposals to streamline the consumer duty regime represent a pragmatic response to industry concerns, with a move toward sector-specific supervision and potentially narrowing its scope for wholesale and cross-border business, say lawyers at Simmons & Simmons.

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