The Financial Conduct Authority is poised to crack down in supervision and enforcement on industry-wide failings in the use of artificial intelligence of a type it has detected at more than 200 financial services companies, lawyers have warned.
Lawyers and MPs are calling for an externally-led investigation into the handling by the Financial Conduct Authority of whistleblower Simon Andriesz before his recent suicide, the latest in a series of controversies over its treatment of whistleblowers.
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.
Government plans to throw more officers, money and agencies at cracking down on money laundering could be "transformational," leading to a surge in investigations and, City lawyers say, work for defense teams.
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The Financial Conduct Authority is poised to crack down in supervision and enforcement on industry-wide failings in the use of artificial intelligence of a type it has detected at more than 200 financial services companies, lawyers have warned.
Lawyers and MPs are calling for an externally-led investigation into the handling by the Financial Conduct Authority of whistleblower Simon Andriesz before his recent suicide, the latest in a series of controversies over its treatment of whistleblowers.
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.
Government plans to throw more officers, money and agencies at cracking down on money laundering could be "transformational," leading to a surge in investigations and, City lawyers say, work for defense teams.
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October 21, 2026
U.K. financial services group Tavistock said Wednesday it has agreed to sell a subsidiary for £3 million ($4 million) and has entered exclusive negotiations over another disposal, as the group continues to refocus its operations.
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October 21, 2026
The Labour government risks economic growth by putting higher taxes on banks on the agenda ahead of the autumn budget, the Confederation of British Industry warned Wednesday.
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October 21, 2026
The Financial Conduct Authority confirmed on Wednesday that it has closed its investigation into Home REIT, a social housing investor, while a criminal probe by the Serious Fraud Office into the company is still underway.
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October 21, 2026
Mex Group told an appeals court Wednesday that two executives and a financial services company cannot claim around $150 million in losses from a worldwide freezing order because it did not prevent them from trading or marketing bonds.
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October 21, 2026
The widow of shipbuilding tycoon Iskandar Safa lost her attempt on Wednesday to prevent Mozambique from pursuing her for her husband's alleged liabilities arising from a $1.9 billion damages award in the landmark "tuna bonds" corruption case.
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October 21, 2026
The Financial Conduct Authority said Wednesday it has banned and fined the former chief executive of Vector Wealth after he acted as a front for the company to lure individuals into buying high-risk bonds, causing losses of £4 million ($5.4 million).
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October 21, 2026
The Financial Conduct Authority set out proposed guidance on Wednesday for regulated companies that use decentralized finance to encourage them to tackle heightened risks of crime and be resilient against cyberattack.
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October 21, 2026
A tribunal has ordered a mortgage advice firm to pay £24,200 ($32,400) after ruling it discriminated against an employee by firing her while she was pregnant.
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October 21, 2026
ScottishPower must pay tax on £28 million ($37.5 million) in redress for regulatory failures after Britain's top court ruled on Wednesday that the compensation was similar to a penalty.
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October 20, 2026
The Delaware Chancery Court has refused to toss a suit accusing the London Stock Exchange Group PLC and a few of its subsidiaries of luring MayStreet Inc.'s co-founder and former CEO into selling the company with false promises of growth and then failing to honor post-closing obligations under the merger contract.
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October 20, 2026
A minority stakeholder in Italian pharmaceutical giant Recordati SpA on Tuesday urged fellow shareholders not to accept a consortium's €10.5 billion ($11.8 billion) takeover offer, arguing the bid falls "far short" of the company's real value.
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October 20, 2026
Chancellor of the Exchequer John Healey has rejected calls from other Labour figures to raise capital gains tax in the U.K.'s upcoming budget, according to a newspaper report, in favor of taxes on banks.
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October 20, 2026
Invoice finance lender 4Syte has sued fellow invoice finance provider eCapital for £4 million ($5.3 million), alleging it deliberately concealed fraudulent activity by six borrowers before they were transferred to 4Syte.
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October 20, 2026
BNP Paribas urged a London judge Tuesday to enforce a debt of more than 436 million United Arab Emirates dirhams ($118.7 million) that is allegedly owed by an oil company owner under an Emirati judgment, arguing that he does not have a real chance of successfully defending against its claim.
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October 20, 2026
Trials and court hearings were disrupted Tuesday by a Google Cloud outage that hit the courts' video system, which is used for remote hearings.
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October 20, 2026
Revolut has secured a cryptocurrency services license in the British overseas territory of Gibraltar, as the fintech seeks to expand its digital asset business into additional international markets.
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October 20, 2026
Two Chinese investment companies have sued a developer for £2.4 million ($3.2 million), alleging that he defaulted on a repayment plan brokered over WeChat after his property business fell into liquidation.
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October 19, 2026
A former soldier who was security manager for a Tanzanian mine told the High Court on Monday that Tanzanian police had killed people at the site, saying that more could have been done to improve the human rights situation.
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October 19, 2026
Weak anti-money-laundering safeguards in the U.K.'s new-build property market are allowing billions of pounds in potentially illicit wealth to enter the economy, an anti-corruption organization warned Monday.
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October 19, 2026
The Financial Conduct Authority has sued property investment specialist Hunter Jones Group and its director, accusing the company of promoting a multimillion-pound property investment plan that operated as a Ponzi scheme.
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October 19, 2026
The European Union's financial markets regulator has widened the circumstances in which listed companies can delay disclosing sensitive information to investors, but stressed that these exceptions must be "interpreted narrowly."
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October 19, 2026
The Financial Conduct Authority said Monday that it plans to become an "agentic regulator," using artificial intelligence to automate more of its supervisory work, analyze the activities of regulated companies and intervene more quickly when it identifies potential problems.
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October 16, 2026
A private investor has sued a financial analyst for allegedly failing to close stock trades as prices fell, claiming the inaction contributed to up to £14.7 million ($19.6 million) in avoidable losses under a deal the pair scribbled on a Post-it note.
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October 16, 2026
Receivers seeking the proceeds from a Chinese investment fraud will not recover their legal costs after a dispute over which law governs claims to billions of pounds in cryptocurrency seized by British police, a London judge ruled Friday.
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October 16, 2026
The Royal Bank of Scotland has hit back against a collapsed investment company's £73 million ($97 million) claim, denying it had any responsibility for allegedly allowing payments earmarked for solar farms to be misappropriated for the company's director.