Financial Services UK

  • December 16, 2025

    Slaughter & May-Led Monzo To Buy UK Mortgage Broker

    Monzo said Tuesday that it has agreed to acquire Habito, the U.K.'s largest digital mortgage broker, as the British online bank expands into increasingly popular home-buying financial services.

  • December 16, 2025

    Japanese Tech Co. Can't Get 'AI Banker' EU TM

    The European Union Intellectual Property Office has partially refused to give a Japanese artificial intelligence company trademark protection for the "AI Banker" name, ruling that the term is descriptive and lacks the necessary character.

  • December 16, 2025

    FCA Mulling Action Over Briefings, Leaks Ahead Of Budget

    The Financial Conduct Authority told lawmakers on Tuesday that it is considering whether to update its official guidance to public bodies after a series of government briefings and leaks in the run-up to the Budget statement.

  • December 16, 2025

    Strand Hanson Wins $7M Over Unpaid Pharma Merger Fee

    A London court ruled on Tuesday that a pharmaceutical development company owes financial adviser Strand Hanson Ltd. $7 million for an unpaid fee plus damages stemming from a merger worth about $720 million.

  • December 16, 2025

    Financiers Convicted Of Defrauding Libyan Sovereign Fund

    A former U.K. fund manager and a Swiss banker have been convicted by a jury of fraud for diverting millions of dollars in improper fees from a Libyan sovereign wealth fund, prosecutors said Tuesday.

  • December 16, 2025

    EU Resolution Board Sets 2029 Bank Valuation Deadline

    Banks in the Eurozone should improve the valuation of their assets and liabilities by 2029 to strengthen the arsenals of auditors and avert potential crises, the Single Resolution Board said on Tuesday.

  • December 15, 2025

    FCA Prioritizes Consumer Protection In Planned Crypto Rules

    The Financial Conduct Authority proposed Tuesday to sweep in a tough new set of rules to protect consumers who trade crypto-assets while also supporting innovation and global competitiveness.

  • December 15, 2025

    Nationwide's £44M AML Fine Signals FCA's 'Hard Line' Stance

    The Financial Conduct Authority's fine of £44 million ($58 million) imposed on Nationwide Building Society for failings in anti-money laundering controls has sent a warning to Britain's largest financial institutions that size and reputation are no protection from the rules, lawyers have said.

  • December 15, 2025

    Banks Criticized For Lax Oversight Of 'Best Execution' Risk

    Banks dealing with businesses that trade shares for cash are failing to provide sufficient oversight and flexibility to fulfill their legal obligations, a review by the Financial Conduct Authority has found.

  • December 15, 2025

    HSBC Wins Nod To Take Hang Seng Bank Private In $14B Deal

    HSBC Holdings PLC said Monday that its subsidiary has gained approval to take Hang Seng Bank Ltd. of Hong Kong private in an all-cash deal valued at 106 billion Hong Kong dollars ($13.6 billion), setting the stage for a vote in early 2026.

  • December 15, 2025

    FCA Sets Out To 'Rebalance Risks' Of UK Mortgage Market

    The Financial Conduct Authority outlined a long-term plan on Monday to update mortgage regulation to increase homeownership in the U.K. by shifting risks away from borrowers and slashing conservative lending rules.

  • December 15, 2025

    FCA Motor Finance Compensation Plan Is 'Overreach'

    The Financial Conduct Authority's planned £8.2 billion ($11 billion) redress program for motor finance customers goes too far, a trade body representing professional indemnity insurers said Monday.

  • December 15, 2025

    EY Investigated By FRC Over Audit Of Shell Financial Reports

    The accounting watchdog said Monday that it is investigating EY's audit of Shell PLC's financial statements for 2024 after the Big Four firm disclosed that it might have breached critical ethical standards governing an auditor's independence and rotation of partners.

  • December 12, 2025

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

    This past week in London has seen Shell hit with a climate change claim from 100 survivors of a typhoon in the Philippines, London Stock Exchange-listed Oxford Nanopore bring legal action against its co-founder, and the editors of Pink News sue the BBC for defamation following its investigation into alleged sexual misconduct at the news site.

  • December 12, 2025

    Collective Pension Rules Need Safeguards, Trade Body Says

    Plans by the U.K. government to allow savers to transfer their retirement pots into a collective program must be supported by strong safeguards to protect retirees against unforeseen hitches such as market volatility and mispricing, a trade body has said.

  • December 12, 2025

    FCA Misconduct Update Still Leaves Firms 'In The Dark'

    Clarity from the Financial Conduct Authority on the limits of its powers to tackle bullying and harassment will come as a relief to professionals — but lawyers have warned that non-banking companies must now join lenders to broaden staff training, revisit conduct policies and strengthen whistleblowing protocols.

  • December 12, 2025

    Carter-Ruck Pro Cleared Over Alleged OneCoin SLAPP

    A disciplinary tribunal on Friday dismissed allegations that a Carter-Ruck partner improperly threatened to sue a whistleblower who exposed the multibillion-dollar OneCoin cryptocurrency scam, ruling that the case against her "was based on hindsight" rather than misconduct.

  • December 12, 2025

    Ashurst-Led Dutch Fintech To Buy Rival For €1B

    Dutch financial technology company Mollie BV has agreed to acquire GoCardless, a U.K. bank payments provider, for €1.1 billion ($1.28 billion) to create a pan-European platform for more than 350,000 merchants.

  • December 12, 2025

    Still 'Too Much Complexity' In Savers' Retirement Choices

    Savers in the U.K. still face "too much complexity" over their retirement decisions, a pensions provider has said, warning that many are ditching official guidance and turning to social media platforms such as Facebook for information.

  • December 12, 2025

    FCA Clarifies Guidelines For Non-Financial Misconduct

    The Financial Conduct Authority released widely anticipated final guidance on its rules for non-financial misconduct such as bullying, harassment and violence on Friday, including on how far the measures will apply to private life and social media.

  • December 12, 2025

    Nationwide Fined £44M For Financial Crime Control Failings

    The Financial Conduct Authority said on Friday that it has hit Nationwide Building Society with a £44 million ($58 million) fine over its inadequate financial crime systems and controls, adding that the lender had "failed to get a proper grip."

  • December 11, 2025

    Maire Cos. Face $1B Russian Fine Over EuroChem Arbitration

    Two subsidiaries of Italian technology and engineering company Maire SpA risk a $1 billion fine from a court in Russia unless they drop arbitration proceedings in London against a EuroChem Group AG subsidiary owned by a sanctioned Russian oligarch, the EuroChem subsidiary said.

  • December 11, 2025

    EY Must Release Wirecard Audit Files, Top German Court Says

    Germany's highest civil court largely sided with Wirecard's insolvency administrator on Thursday, finding that the former auditors of the payments company, Ernst & Young, must disclose audit files from the four financial years running up to its collapse.

  • December 11, 2025

    FCA Sets Timescale For Supporting Gov't Growth Strategy

    The Financial Conduct Authority demonstrated its support for the government's growth strategy on Thursday, rolling out a reduced program of regulatory change over the next two years, with initiatives that could lighten the burden on finance companies.

  • December 11, 2025

    Carter-Ruck Pro Says She Was Bound To Defend Crypto Scam

    A Carter-Ruck partner was professionally "bound" to threaten a whistleblower with legal action on behalf of Ruja Ignatova because she did not know that the "Crypto Queen" was actually running a multibillion-dollar scam, the solicitor's counsel told a disciplinary tribunal on Thursday.

Expert Analysis

  • What EU Securitization Proposals Signal For Risk Transfers

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    If implemented, recent amendments to the European Union securitization framework are expected to have an unambiguously positive effect on significant risk transfer markets, providing greater consistency and necessary flexibility, say lawyers at McDermott.

  • Role Of UK Investment Act Is Evolving In M&A Deals

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    With merger and acquisition activity likely to increase in light of the government’s new defense industrial strategy, the role of the National Security and Investment Act will come into sharper focus, and its recent annual report confirms that scrutiny is intensifying, say lawyers at Kingsley Napley.

  • What To Know About EU's Reimposition Of Sanctions On Iran

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    Lawyers at Steptoe discuss the European Union’s recent reimposition of trade and financial sanctions against Iran, which will introduce legal and operational constraints that affect EU companies' commercial activities in the region.

  • FCA Crypto Proposals Herald Tougher Oversight For Firms

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    The Financial Conduct Authority’s recent proposals to extend regulation to crypto-asset activities will bring parity, but implementation of the operational resilience requirements and enhanced financial crime controls will present compliance challenges, says Michelle Kirschner at Gibson Dunn.

  • EU Investment Reporting Rules Letup Signals Pragmatic Shift

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    While investment companies remain subject to far-reaching disclosure obligations under the Foreign Subsidies Regulation, new guidance from the European Commission on reporting passive limited partner commitments represents a drastic simplification and burden reduction, say lawyers at Paul Weiss.

  • SFO's 2-Year Transformation Signals Crackdown On Fraud

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    Two years after Nick Ephgrave’s appointment as director of the Serious Fraud Office, the introduction of new corporate criminal offenses and strengthened investigative methods sends a clear message to corporations that the agency is delivering on its promise to be bolder and more proactive about tackling fraud, say lawyers at BCL Solicitors.

  • What To Know About Interim Licenses In Global FRAND Cases

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    Recent U.K. court decisions have shaped a framework for interim licenses in global standard-essential patent disputes, under which parties can benefit from operating on temporary terms while a court determines the final fair, reasonable and nondiscriminatory terms — but the future of this developing remedy is in doubt, say attorneys at Fish & Richardson.

  • How EU And UK Consumer Loan Protections Are Shifting

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    As market evolution and digitalization motivate both the European Union and the U.K. to revamp consumer protections around lending, the potential for divergence between these rules will pose new challenges for cross-border consumer credit lenders, say lawyers at Skadden.

  • EBA Guidance Shakes Up EU Securitization Market Practices

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    Although the European Banking Authority’s recent questioning of the common use of conditional sale agreements to season assets when setting up securitizations has come as an unwelcome surprise, competent regulators are expected to follow the EBA guidance, even though as a Q&A response it is not legally binding, say lawyers at Debevoise.

  • Landmark VAT Ruling Should Shift HMRC Reply On Guidance

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    The recent decision in Hotelbeds Ltd. v. Revenue and Customs Commissioners on the recovery of input tax, confirming that HMRC is bound to comply with its own guidance, will make the agency rethink its usual response to allegations that the policy was not law, say lawyers at Kennedys.

  • Evolving General Partner Stakes Market Brings Opportunities

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    The rapid increase in investment in general partner stakes by private capital managers indicates its advantages over both strategic sales and initial public offerings, including the ability to retain greater operational control over the business and to avoid the scrutiny that accompanies a listing, says Nicholas Page at Macfarlanes.

  • How UK Proposal On Late Payments Could Affect SMEs

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    The U.K. government’s ongoing late payments consultation would claw back much-needed leverage for small and midsize enterprises negotiating with large organizations, should the reforms be implemented as proposed, say lawyers at Shoosmiths.

  • Waldorf Ruling Signals Recalibration For Restructuring Plans

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    The recent High Court landmark judgment refusing to sanction Waldorf Production PLC's restructuring plan underscores a change in the way courts assess whether such plans are fair, indicating not their demise but a pivotal moment in their evolution, say lawyers at Simpson Thacher.

  • Key Points From UK And Japan's Antitrust Cooperation Pact

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    The memorandum of cooperation recently signed between the U.K. and Japan to promote collaboration in competition law enforcement is a meaningful step that offers cross-border businesses an improved foundation for earlier alignment and better risk management, say lawyers at Steptoe.

  • Opinion

    New US-UK Tech Deal Offers Opportunities To Boost Growth

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    The recently announced U.S. and U.K. Technology Prosperity Deal, encouraging businesses on both sides of the Atlantic to work together toward technological advance, will drive both investment in U.K. capabilities and returns for U.S. investors, says Peter Watts at Hogan Lovells.

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