Financial Services UK

  • October 06, 2026

    Libor Traders Seek To Void Convictions Over Judicial Errors

    Six former City traders will seek to overturn their convictions in an appeal on Wednesday following a ruling by the U.K. Supreme Court ruling that exposed judicial errors in the Serious Fraud Office's prosecutions and cast doubt on the safety of their verdicts.

  • October 06, 2026

    French Banking Giant BPCE Buys 7% Stake In Spanish Lender

    France's second-largest bank BPCE disclosed Tuesday a "friendly acquisition" of approximately 7% of the share capital of Banco de Sabadell, a year after the Spanish lender survived a hostile takeover bid from rival BBVA.

  • October 06, 2026

    FCA Tells AGM It Will Tackle Financial Crime With 'Force'

    The Financial Conduct Authority said at its annual general meeting on Tuesday that it will engage with financial crime with a "force" that has not been seen for years, highlighting artificial intelligence as a source of risk.

  • October 06, 2026

    UK Financier Launches Development Arm With £40M Property

    Real estate financier Iron Bridge said Tuesday it has launched a new residential development business focused on London and the southeast of England, with a 44-home undertaking in the capital as its first project.

  • October 06, 2026

    Asset Manager Seeks £4M From Colliers Over Mall Valuation

    A fund management arm of ICG PLC told a London court Tuesday that Colliers International owes it more than £4 million ($5 million) for negligently overvaluing a shopping mall used as security for a loan by more than 40%.

  • October 06, 2026

    EIOPA Warns Of Oversight Risks In PE-Linked Reinsurance

    The European Union's insurance watchdog warned in a report on Tuesday that private equity companies' pursuit of quick returns and willingness to take greater risks can conflict with their responsibility to ensure insurers and reinsurers remain financially sound.

  • October 06, 2026

    MPs Call For Whistleblower-Handling Probe As AGM Hijacked

    A group of MPs called for an independent investigation on Tuesday into how the Financial Conduct Authority handles whistleblowers following the death of a former Wall Street broker, as the watchdog's annual general meeting was hijacked by complainants criticizing its approach.

  • October 05, 2026

    Property Investor Claims £20M Over Shoreditch Hotel Defects

    A Luxembourg real estate debt investment company has sued an engineering consultancy and a design firm for £20 million ($26.4 million), alleging that defects in a Shoreditch hotel development caused a sale to fall through.

  • October 05, 2026

    FCA Redress Program 'Fatally Flawed,' Lenders Tell Tribunal

    Motor finance lenders and a consumer advocacy body labeled the Financial Conduct Authority's redress program as fundamentally flawed at the Upper Tribunal on Monday, with some asking to allow expert witnesses to challenge the assumptions.

  • October 05, 2026

    SEC Censures JPMorgan Over Disqualified Swaps Trader

    JPMorgan Securities and JPMorgan Chase Bank have agreed to a cease-and-desist order and a censure from the U.S. Securities and Exchange Commission to resolve claims that the firms allowed a person who was statutorily disqualified due to a violation in the U.K. to effectuate security-based swap transactions.

  • October 05, 2026

    Lessors Say Reinsurers Owe $4B For Planes Stuck In Russia

    Reinsurers cannot refuse multibillion-dollar claims for planes stranded in Russia on the basis that they're not covered by reinsurance policies arranged by airlines, a group of lessors told the opening of trial Monday.

  • October 05, 2026

    Clean Energy Fund Sued For £2.8M In Grid Connection Costs

    A renewable energy investment fund has been sued by solar energy company Enviromena for £2.8 million ($3.7 million), after a project it acquired from the fund had higher grid connection costs than expected.

  • October 05, 2026

    A&L Goodbody-Led Permanent TSB Rejects Rival Buyout

    Permanent TSB Group rejected a potential takeover offer from investment firm Axis Capital Ltd. on Monday, saying it was focused instead on completing an agreed takeover by another rival.

  • October 05, 2026

    Asset Manager Team To Buy Rival For At Least £3M

    Asset manager Team PLC said Monday that it has agreed to buy wealth manager Hedley & Co. Stockbrokers Ltd. for at least £3 million ($4 million) as it seeks to expand in the U.K. and boost profitability.

  • October 02, 2026

    BitGo Breached Token 'Lock-up' Period, $141M Suit Claims

    Digital asset infrastructure company BitGo has been sued for $141 million by two companies linked to crypto market maker DWF Labs, who allege BitGo caused a drop in token value by releasing tokens it had bought from them onto the market in breach of an agreed "lock up" period.

  • October 02, 2026

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

    The past week in London has seen former West Ham United co-chair David Sullivan file a defamation claim against the BBC, British rock band Oasis sue its former sound engineer to halt an auction of recordings, and Home REIT sued by its shareholders for misleading statements about the company's portfolio.

  • October 02, 2026

    Consumer Voice CEO Mulls Car Loan Redress Shortcomings

    Legal challenges to the Financial Conduct Authority's motor finance redress program will reach a crucial stage on Oct. 5, when the Upper Tribunal begins a two-day hearing on scheduling its decision and whether to allow expert witnesses.

  • October 02, 2026

    Investors Lose €50M Fraud Appeal Over Fund Conflict Claim

    An Italian investment vehicle can't revive a €50 million ($56.4 million) fraud case, after an appeals court held Friday that a wealth manager was not obligated to disclose all facts material to their investments.

  • October 02, 2026

    Home REIT Hit With £120M Claim Over Misleading Statements

    More than 800 shareholders in Home REIT have sued the investor in social housing for £120 million ($158 million), seeking compensation for losses caused by allegedly "misleading statements" the company made about itself and its property portfolio.

  • October 02, 2026

    FCA Survey Highlights Sector's Regulatory Burden Concerns

    Regulatory burdens remain a persistent concern for the U.K.'s financial services firms, the Financial Conduct Authority warned Friday, with companies questioning whether its streamlining efforts really are driving tangible reductions in costs and administrative work.

  • October 02, 2026

    European Bank To Buy Stake In Lender For Up To €64M

    The European Bank for Reconstruction and Development said Friday that it plans to acquire a 5% stake in AikGroup for up to €64 million ($72 million) to support the lender's expansion across the Adriatic region.

  • October 02, 2026

    Judge Orders Redraft Of €37M Real Estate Debt Defense

    A real estate businessman has lost part of his defense and his entire counterclaim in a €37 million ($41.6 million) debt dispute as a court struck them out, citing his "surprisingly severe" failure to disclose any reasonable grounds for defending against the claim.

  • October 02, 2026

    Ex-HSBC Banker Banned For Dodging £6K In Train Fares

    The Financial Conduct Authority has banned a former HSBC banker from working in regulated financial services in the U.K. after he was convicted of fraud for repeatedly evading train fares.

  • October 01, 2026

    Secure Trust Sues Property Developers Over £13.8M In Loans

    A retail bank has sued two property developer brothers to recover £13.8 million ($18.2 million) in loans it advanced to three collapsed real estate companies linked to the men.

  • October 01, 2026

    FCA Pledges Review After Whistleblower's Death

    The Financial Conduct Authority has promised to review its engagement with a prolific whistleblower who died shortly after losing an employment tribunal claim against his former Wall Street employer. 

Expert Analysis

  • 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.

  • 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.

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