Financial Services UK

  • August 18, 2026

    FCA Finds Crime Control Failings At UK Wealth Managers

    The Financial Conduct Authority said Tuesday it has found "weaknesses" in financial crime controls at some U.K. wealth managers, including gaps in checks on clients' wealth, transactions, political exposure and sanctions.

  • August 18, 2026

    Property Investor To Enter Administration After US Sanctions

    An investor in Cuban real estate said Tuesday that Guernsey's financial regulator will appoint a court administrator for the company after U.S. sanctions triggered the loss of key banking, service provider and business relationships.

  • August 18, 2026

    Property Group Founder Banned Over £5M Marketing Scandal

    The government said Tuesday it has hit the founder of a property group with a five-year ban from being a company director after investors lost £4.8 million ($6.5 million) through a connected business that distributed "false and misleading" marketing material.

  • August 17, 2026

    Big Banks Reach $86.4M Deal In Mexican Bond-Rigging Suit

    Bank of America, HSBC and other global banks have agreed to pay $86.4 million to resolve investor class claims that they conspired to fix Mexican government bond prices, according to a proposed settlement unveiled on Friday in New York federal court.

  • August 17, 2026

    Orrick Settles €21M Negligence Claim Over Debt Advice

    Orrick Herrington & Sutcliffe (UK) LLP has settled a claim by a hedge fund accusing the firm of negligence, alleging it failed to advise it to enforce a €21 million ($24.3 million) debt in a French energy group's insolvency.

  • August 17, 2026

    Broker Sued For $550M For Alleged Securities Fraud

    A British hedge fund company has sued a Brazilian man for more than $500 million in a London court, alleging that he perpetrated an elaborate securities fraud against the company.

  • August 17, 2026

    'Clearer Justification' Needed For Pension Fund Levy Plans

    A retirement savings trade group said Monday that the government must provide "clearer justification" for elements of its proposed plans to hike levies on pension funds to plug a £154 million ($209 million) shortfall in the cost of regulating the sector.

  • August 17, 2026

    Dickson Minto-Led Lender To Acquire Rival For £55M

    Bentley Park, a holding company linked to private investment business Tavistock Group, said Monday its subsidiary has agreed to acquire flexible lender Time Finance for approximately £55.1 million ($75 million) to combine their complementary products and regional strengths.

  • August 17, 2026

    Revolut CEO Sued For €17.5M Over Superyacht Commission

    A co-founder of Revolut has been sued by a British yacht broker for allegedly trying to dodge paying the commission for arranging his purchase of a superyacht worth an estimated €350 million ($406 million), according to a newly public claim in London.

  • August 17, 2026

    Ireland Debuts National Anti-Money Laundering Plan

    The Irish government has launched Ireland's first national anti-money laundering strategy, which it says is the most significant strengthening of its financial crime framework in years.

  • August 17, 2026

    FCA Opens India, UAE Posts To Deepen UK Finance Ties

    The Financial Conduct Authority said Monday it has appointed new financial services attachés for India and the UAE to support international investment in the U.K.

  • August 14, 2026

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

    The past week in London has seen newly signed Real Madrid footballer Yan Diomandé sued over access to his image rights, Nigel Farage and Reform UK deputy leader Richard Tice accuse the NCA of leaking confidential financial information, and a right-wing American journalist hit The Guardian with a libel claim. 

  • August 14, 2026

    FOS Can Withhold Bank Complaint Records, Tribunal Rules

    A tribunal has ruled that the Financial Ombudsman Service may withhold confidential information it received from the Co-operative Bank during an investigation into a disgruntled bank customer's complaint and subsequent information request.

  • August 14, 2026

    Investors Challenge Spanish Auto Parts Maker's Restructuring

    A group of secured noteholders has sued a Spanish maker of auto parts, arguing that the company's restructuring of its €821 million ($950 million) debt unfairly favors lender banks at the noteholders' expense.

  • August 14, 2026

    Investor In €45M Fraud Can Get Info On Frozen Accounts

    An investment fund that says it is the victim of a €45 million ($52 million) fraud secured a court order on Friday for HSBC to provide it with information on the alleged scammers' frozen bank accounts.

  • August 14, 2026

    EU Insurers Ask For Simpler Data Breach Notifications

    A trade body for insurers in Europe has asked the European Data Protection Board to simplify its proposed format for notifying of personal data breaches in a harmonized way.

  • August 14, 2026

    Freshfields-Led Property Co. To Sell Valuation Biz Hometrack

    Property portal owner ZPG Ltd. said Friday that it has agreed to sell its data and analytics business Hometrack to private equity firm Providence Equity Partners, as the U.K. group focuses on its other businesses.

  • August 14, 2026

    Ex-Asset Manager CEO Fined For Lying To FCA On FC Deal

    The Financial Conduct Authority said Friday it had fined Paul Taylor, the former chief executive of Blue Horizon, £489,000 ($662,000) and banned him from working in finance after he made false statements as he sought to buy a bank and a football club.

  • August 13, 2026

    Fieldfisher Launches Berlin Disputes Practice With New Hire

    Fieldfisher has added corporate disputes attorney Benny Wünschmann as a partner in Berlin, launching a dispute resolution practice in the German capital as the firm continues to expand its European disputes team.

  • August 13, 2026

    Visa, Mastercard Get Joiner Cutoff In Swipe Fees Claim

    Visa and Mastercard have convinced the Competition Appeal Tribunal to restrict the number of claimants ahead of a trial that will determine whether the credit card giants are allowed to rely on legal exemptions for anti-competitive interchange fees.

  • August 13, 2026

    UK Finance Plans Projects To Develop Green Finance

    UK Finance said Thursday that it was planning initiatives to develop green home finance on a large scale — but it needs the backing of the government and regulators to do so.

  • August 13, 2026

    Gov't Urged To Give Family Courts Access To Pension Portals

    British courts should have access to personal pension data on forthcoming online portals as part of new legal rights being considered for cohabiting couples, a trade body has urged.

  • August 13, 2026

    Investment Cos. Ask FCA To Toughen Up Listing Rules Reform

    The Association of Investment Companies said Thursday it has told the Financial Conduct Authority to toughen up planned reforms of rules for investment trusts to close loopholes recently exploited by U.S. hedge fund Saba Capital.

  • August 13, 2026

    Afreximbank Seeks To Recover €25M From Gabon Bank

    The African Export-Import Bank is asking a London court to force AFG Bank Gabon to repay €25 million ($29 million), claiming it failed to honor the terms of a financing agreement.

  • August 13, 2026

    Payments Biz Urges Shareholders To Ignore Helios' $297M Bid

    CAB Payments urged shareholders on Thursday not to respond to Helios' offer of approximately $297 million after the private equity firm said the dividend declared by the cross-border payments company would not affect its bid.

Expert Analysis

  • New Interpol Silver Notice Could Be Tool For Justice Or Abuse

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    Interpol has issued dozens of Silver Notices to trace and recover assets linked to criminal activity since January, and though the tool may disrupt organized crime and terrorist financing, attorneys must protect against the potential for corrupt misuse, say attorneys at Clark Hill and Arktouros.

  • Weighing PE Transaction Risks As EU AI Act Rolls Out

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    As the European Union Artificial Intelligence Act becomes effective in stages, legal practitioners involved in private equity deals should consider the transactional risks resulting from this measure, including penalties, extraterritorial reach and target-firm applicability, say lawyers at Covington.

  • EU Banking Watchdog Regulations Herald New AML Era

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    The European Banking Authority’s forthcoming anti-money laundering package will set a framework for compliance across the European Union by redefining the rules of engagement between financial institutions and supervisors, setting a new standard for transparency and accountability, say lawyers at A&O Shearman.

  • What To Expect As UK, US Gov'ts Develop Stablecoin Policies

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    While the U.K. and U.S. governments’ policies both suggest that fiat-backed stablecoins can improve efficiency and safety in payments systems, a perception that crypto-assets remain high risk means consumers are unlikely to use them in significant volume anytime soon, say lawyers at Cadwalader.

  • What Insurers Can Do To Prepare For PRA 'Solvent Exit' Rules

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    With less than a year until the Prudential Regulation Authority's new solvent exit rules for insurers come into force, it is critical that firms prepare to meet the imminent deadline by outlining an execution plan and establishing clear governance arrangements, say lawyers at Holman Fenwick.

  • Decoding Arbitral Disputes: UK Injunctions Across Borders

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    A recent High Court of Justice decision allowing JPMorgan Chase Bank to block VTB Bank from bringing suit in a Russian court provides a seminal reflection on the power of English courts to issue antisuit injunctions when global banking disputes increasingly straddle multiple jurisdictions, says Josep Galvez of 4-5 Gray's Inn.

  • Identifying Data Center Investment Challenges, Opportunities

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    The role of data centers is expanding, as are new opportunities for private capital investors, but there are issues to consider, including finance models and contract complexity, as well as power supply, cyber threat resilience and data sovereignty, say lawyers at Ropes & Gray.

  • What EU Bank Regulator's Letter Means For Crypto Providers

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    A recent letter from the European Banking Authority notes a need to avoid dual authorization for e-money token transactions under European Union payment services and cryptocurrency regulations, which could result in a high regulatory burden for crypto-asset service providers and leaves open questions for future political negotiations, say lawyers at Morgan Lewis.

  • How Regulators Want Online Platforms To Fight Finance Fraud

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    Recent statements from the International Organization of Securities Commissions and the European Securities and Markets Authority make clear that online platform providers are expected to adopt proactive measures to prevent the promotion of unauthorized financial services and related misconduct, say lawyers at Taylor Wessing.

  • FCA Notes Industry Criticism But Keeps Transparency Focus

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    The Financial Conduct Authority’s recently updated enforcement guide finally gives up the "naming and shaming" public interest test, demonstrating that the regulator has recognized the industry's serious concerns while maintaining less contentious aspects of its proposals to improve transparency in investigations, say lawyers at Irwin Mitchell.

  • Anticipating A Shift In CMA Merger Control Enforcement

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    As the Competition and Markets Authority outlines plans to put the U.K. government's growth objectives into action, the changes may well pave the way for a more permissive outlook for review of mergers and acquisitions in the U.K., say lawyers at A&O Shearman.

  • Court Backing Of FCA Pensions Ruling Sends Key Message

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    The Upper Tribunal’s recent upholding of the Financial Conduct Authority's decisions against CFP Management directors serves as a judicial endorsement of the regulator’s approach to defined benefit transfers, underscoring that where the advisory model is fundamentally flawed, the consequences for those in control can be severe, say lawyers at RPC.

  • Saxon Woods Ruling Tightens Rules On Director Good Faith

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    The recent Court of Appeal judgment in Saxon Woods v. Costa departs from the High Court's ruling, clarifying that a director's sincere belief they have acted in the company’s best interests is not sufficient to satisfy the statutory requirement to act in good faith, say lawyers at Covington.

  • Key Points From HMRC's Tax Reform Proposals

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    Although HM Revenue & Customs’ recent proposals for reform of U.K. transfer pricing and permanent establishment rules align with the latest international consensus, certain amendments may lead to future controversy, say lawyers at Skadden.

  • What To Note As UK Adopts OECD Crypto Disclosure Rules

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    With the U.K.’s recent announcement that it will adopt the Organization for Economic Cooperation and Development's crypto-asset reporting framework, users and providers will benefit from understanding the context surrounding the decision and the framework's intended goal of clamping down on tax evasion, say lawyers at Brown Rudnick.

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