Financial Services UK

  • 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.

  • September 28, 2026

    EU Watchdog To Expand Supervisory Reach In 2027

    The European Union's markets watchdog said Monday that it will expand supervision in several financial sectors in 2027 and step up efforts to align member states' oversight of crypto-asset companies.

  • September 28, 2026

    2 Men Deny Role In Alleged Tax Avoidance Scheme

    Two men accused of defrauding the government by running a tax-avoidance scheme pled not guilty on Monday, with a trial due to be held in spring 2027.

  • September 28, 2026

    Irish Landlord Open To €727M Approach From Barings

    Irish Residential Properties said Monday that it is open to being acquired by asset manager Baring International Investment for approximately €727 million ($827 million) in a proposed cash takeover offer.

  • September 25, 2026

    Online Gambling Co. Wins £13M Tax Appeal Over Free Spins

    A gambling company isn't liable for about £13.2 million ($17.5 million) in U.K. remote gaming duties because free spins it awarded as prizes from a game for new users qualified for an exclusion from those duties, a London court said Friday.

  • September 25, 2026

    EU Banking Regulator Calls For Tougher Crypto Rules

    The European Union's banking regulator Thursday urged the European Commission to tighten rules on stablecoins and bring lending and decentralized finance platforms under the bloc's crypto rules.

  • September 25, 2026

    Gupta Denies Knowing $7M Nickel Shipment Was Fake

    Indian metals tycoon Prateek Gupta has hit back against a $7 million claim by a U.K. commodities trader, denying fraudulently misrepresenting that a cargo of worthless metal was valuable nickel.

  • September 25, 2026

    Gaps In FCA's Crypto-Regime Leave Insider Dealing Risk

    Gaps in the City watchdog's new crypto rules will exacerbate the risk of insider trading because of inconsistencies pointed out by lawyers over how exchanges will share price-sensitive information and disagreements on the digital-related definition of such data.

  • September 25, 2026

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

    The past week in London has seen Glencore Energy sue a refinery for allegedly defrauding it out of more than $236 million worth of crude oil, the former CEO of ankle-tag maker Big Technologies file a defamation claim against the company, and property investment group Hunter Jones hit by a claim from the Financial Conduct Authority. 

  • September 25, 2026

    Simmons Steers UK Data Center Biz's £2.5B Financing

    Data center operator Virtus has secured a £2.45 billion ($3.25 billion) financing package to fund expansion of its portfolio across the U.K. and Europe, including the development of an artificial intelligence-ready campus in southeast England.

  • September 25, 2026

    Saba Seeks Energy Biz Board Seat As Trust Winds Down

    Energy investor SDCL said Friday that Saba, its largest shareholder, wants to add its founder to SDCL's board after the income trust announced intentions to wind down, marking the activist investor's latest attempt to gain board control.

  • September 24, 2026

    FCA Shutters 21 Firms Amid Crackdown On Risky Derivatives

    The Financial Conduct Authority said Friday that its scrutiny of the market for risky derivatives has led to the closure of 21 companies since 2025, amid concerns that consumers are being misled about the trustworthiness of overseas companies.

  • September 24, 2026

    Jane Street To Take Over A&O Shearman London Office Space

    Quantitative trading firm Jane Street is expanding its London operations after agreeing to pre-let 465,000 square feet of office space, real estate company CBRE Group Inc. said Thursday.

  • September 24, 2026

    Investor Loses 'Novel' Bid For Offshore Freezing Order

    An investor seeking to recover millions of pounds in loans from a property finance company lost his bid Wednesday to freeze assets held by its director's wife and his Spanish company, after an appeals court ruled the investor could not serve the application in Spain.

  • September 24, 2026

    Large UK Banks Complete First Live Tokenized Transactions

    A banking trade body said Thursday that U.K. banks have completed the first live customer transactions using tokenized sterling deposits, in a major milestone for payments innovation.

  • September 24, 2026

    LSE-Listed Asset Manager Pollen Street Mulling Sale

    Pollen Street Group Ltd. said it is considering taking the company private and has begun preliminary discussions with potential buyers.

  • September 24, 2026

    EU Watchdog Makes Digitization A Priority For Regulators

    Digital innovation is a new supervisory priority for the European Union, with the bloc initially focusing on the use of artificial intelligence and tokenization in financial markets, the European Union's watchdog has said.

Expert Analysis

  • Series

    Studying Foreign Languages Makes Me A Better Lawyer

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    Studying Italian and Japanese has shown me that learning a new language can benefit a legal career in several ways, including by demonstrating the importance of approaching problems from a fresh perspective and the value of practicing patience with colleagues and clients, says Anna King at Genworth Financial.

  • Reflecting On The UK Senior Managers Regime 10 Years On

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    While the ongoing changes to the senior managers and certification regime to streamline processes and remove certain restrictions are welcome, the scheme has worked well overall since its 2016 inauguration, and firms’ compliance and risk management-thinking have shown a marked improvement, say lawyers at Faegre Drinker.

  • Auditors Face Liability Risk In Longer Going Concern Reviews

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    A recent Institute of Chartered Accountants' article highlights a growing trend of requests to extend going concern assessment periods to 15 months or more, potentially leading to auditors assuming a duty of care to third parties, say lawyers at RPC.

  • How Revised EU Rules Would Alter Sustainability Reporting

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    Two draft delegated regulations recently published by the European Commission give effect to the Omnibus I simplification, highlighting a consistent policy direction: fewer companies in scope, later and lighter obligations, and explicit protections for smaller value chain counterparties, say lawyers at MoFo.

  • How Anthropic's Mythos May Upend Defense Cyber Rules

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    Anthropic’s recent announcement that Claude Mythos, an AI general-purpose language model, could soon enable virtually anyone to exploit vulnerabilities in major web browsers and operating systems marks an imminent increase in threat levels that current defense cybersecurity regulations were not designed to navigate, say attorneys at Fluet.

  • UK Stock Exchange Changes Ease Path For Foreign Issuers

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    Following the Financial Times Stock Exchange Russell's recent eligibility change aligning free float requirements for foreign and non-U.K. issuers, advisers to those considering a London listing should also assess index suitability, say lawyers at Debevoise.

  • FCA's AI Approach Makes Finance Advisers' Calls Harder

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    The Financial Conduct Authority’s recent reaffirmation that it won’t make special rules governing how financial service providers use artificial intelligence means advisers must pivot to interpreting already uncertain regulatory boundaries to help clients make defensible decisions about their AI use, says Sophie Sheldon at Simmons & Simmons.

  • Compliance Landscape Shifts As CMA Targets Fake Reviews

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    The Competition and Markets Authority’s investigations into five companies’ alleged misleading online reviews are the first use of its administrative powers under the Digital Markets, Competition and Consumers Act, marking a turning point in U.K. consumer protection enforcement, say lawyers at Fieldfisher.

  • SFO Plan Focuses On Resilience But Funding Doubts Persist

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    The Serious Fraud Office’s emphasis on tighter case management and making greater use of technology in its latest business plan suggests a concern with strengthening complex financial crime enforcement, however the agency may not have the resources to deliver meaningful change, say lawyers at Signature Litigation.

  • EU Defense Road Map Opens Doors To New Market Entrants

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    The European Economic and Social Committee's and European Investment Bank Group’s recent endorsements of the European Commission’s EU defense industry transformation road map signal positivity for ongoing implementation, making public procurement more accessible to innovative newcomers and creating fresh opportunities to participate in security-relevant innovation projects, say lawyers at Dechert.

  • Sanctions Spotlight: Key Priorities Of OFSI's 3-Year Strategy

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    The Office of Trade Sanctions Implementation's 2026-2029 strategy to assist businesses by providing practical compliance advice and more predictable support will be welcomed, although the process for obtaining guidance and whether the ensuing information will be made publicly available remains unclear, says Alexandra Melia at Steptoe.

  • EU Risks Falling Behind With Delay In Digitization Rule Fixes

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    With financial organizations calling for the European Union to fast-track modifications to the Distributed Ledger Technology Pilot Regime and the EU signaling that tokenization is a permanent feature of the financial landscape, the sector needs to prepare for the now inevitable shift, says Antonio Lanotte at Futura Law.

  • Darchem Ruling Clarifies Status Of JV Members' Solo Claims

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    The High Court’s recent decision in Darchem Engineering v. Bouygues on whether individual members of an unincorporated joint venture can pursue claims against an employer provides a helpful road map for considering a JV's standing, and a reminder of the importance of contract construction, say lawyers at Squire Patton.

  • Insights From FCA's Latest Customer Due Diligence Review

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    The Financial Conduct Authority’s recent report on customer due diligence controls explains what distinguishes good policies and procedures from those that are lacking, and should encourage firms to check that their processes are detailed, practical and relevant to the business, say lawyers at Womble Bond.

  • Lessons From Spain's Decision Not To Enforce UK Judgment

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    In a recent ruling, a Barcelona court refused to recognize a €365 million U.K. judgment against Cerberus Capital, showing that a foreign decision may be sound, final and enforceable in its own jurisdiction, yet still be refused entry where it threatens to displace a dispute already before the Spanish courts, says Josep Galvez at 4-5 Gray’s Inn Square.

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