The Financial Conduct Authority is poised to crack down in supervision and enforcement on industry-wide failings in the use of artificial intelligence that 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.
Previous
Next
The Financial Conduct Authority is poised to crack down in supervision and enforcement on industry-wide failings in the use of artificial intelligence that 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.
-
October 20, 2026
Invoice finance lender 4Syte Funding Ltd. 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.
-
October 20, 2026
BNP Paribas urged a London judge Tuesday to enforce a debt of more than 436 million United Arab Emirates dirham ($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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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."
-
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.
-
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.
-
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.
-
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.
-
October 16, 2026
The buyer of a €101.8 million ($114.6 million) luxury yacht whose builder sought insolvency before finishing the project has sued an Allianz unit for €58.8 million after the insurer allegedly failed to pay out over construction guarantees.
-
October 16, 2026
The U.K.'s Labour government is preparing to raise taxes on banks in the autumn budget, according to a newspaper report, including a possible hike to the bank levy.
-
October 16, 2026
The past week in London has seen closed cryptocurrency platform BitMEX sue Celsius Network amid ongoing litigation between the companies, and an independent music producer lodge a claim against Universal Music over the 1993 Gabrielle hit single "Dreams."
-
October 16, 2026
The Financial Conduct Authority committed to changing some of its rules for protecting consumers after industry backlash showed these were sometimes failing to hit the mark.
-
October 16, 2026
The financial watchdog revoked Friday the lifetime bans on four traders whose convictions for rigging benchmark interest rates were overturned on appeal in landmark proceedings that unraveled prosecutions brought after the global financial crisis.
-
October 16, 2026
Europe's banking regulator has classified the world's second-largest dollar stablecoin as the bloc's first "significant" e-money token, bringing the cryptocurrency's reserves, liquidity and redemption arrangements under closer supervision from Nov. 12.
-
October 16, 2026
Financial services companies must complete technical preparations and begin testing, as two deadlines approach, to shorten securities settlements to one business day after trading, a European Union regulator said Friday.
-
October 15, 2026
Germany's provision of a capital gains tax deferral only to companies with a German permanent establishment infringes on European Union rules concerning the free movement of capital, an adviser to the Court of Justice of the EU said Thursday.
-
October 15, 2026
An English appeals court denied a U.K. marketing company's liquidators permission on Thursday to challenge a ruling that a Caribbean bank and its former CEO had not dishonestly assisted a £415 million ($550 million) tax fraud.
-
October 15, 2026
A former cybersecurity executive at Deloitte has won another discrimination claim against the Big Four firm after a tribunal upheld her complaint that its delay in providing her disability support was unjustified.
-
October 15, 2026
Actuarial consultant Lewis & Ellis Inc. has said it has acquired specialized insurance consultant Alan Gray from insurer Premia Holdings Ltd. to expand beyond its traditional actuarial consulting business and become a broader insurance services platform.
-
October 15, 2026
New York's financial services regulator has ordered Sweden's largest bank to pay a $33 million fine to resolve findings of past anti-money laundering deficiencies at its Baltic subsidiaries that allegedly exposed U.S. banks to heightened financial crimes risk.