Financial Services UK

  • October 12, 2026

    ESMA Warns Funds Over Climate Transition Greenwashing

    Investment funds claiming to support transitions to low-carbon economies risk misleading investors when they make ambitious climate promises without explaining how they will be achieved or how progress is measured, the European Union's securities watchdog warned Monday.

  • October 12, 2026

    Billionaire's Family Office Seeks $150M Over Alleged FX Fraud

    The investment arm of Egyptian billionaire Naguib Sawiris' family told a London court Monday that it is owed approximately $150 million after it was duped into pouring millions into a foreign exchange business that was secretly controlled by outsiders using it to "milk" fees.

  • October 12, 2026

    Stephenson Harwood-led Developer Gets £132M For Project

    Developer Native Land has secured £132 million ($174 million) in financing to support a riverside regeneration project in southeast England.

  • October 12, 2026

    Care Home Investors Win £2.8M Property Mis-Selling Claim

    A collapsed property marketing business has been found liable for mis-selling luxury care home leases to dozens of retirees and small-scale investors who lost £2.8 million ($3.7 million) when the developments failed.

  • October 12, 2026

    FCA Bans Ex-NASA Scientist Imprisoned For £1M Fraud

    The Financial Conduct Authority has banned a former NASA scientist from working in the financial services sector, after he was imprisoned for a £1 million ($1.3 million) investment fraud.

  • October 12, 2026

    FCA Warns Of Governance Conflicts At Benchmarking Cos.

    Benchmark setters must strengthen oversight of potential conflicts of interest, particularly where individuals hold multiple positions across regulated businesses and wider corporate groups, the City regulator warned Monday.

  • October 12, 2026

    FSB Warns On Stablecoin Risk, AI Threat Ahead Of G20

    Gaps in stablecoin regulation and increasingly sophisticated AI-enabled cyberthreats could undermine financial stability, a global standards setter has warned as it urged major economies to strengthen international cooperation.

  • October 09, 2026

    Macquarie Offers CMA Fix For Meter Reading Deal

    Britain's competition enforcer is mulling a proposed fix for Macquarie Asset Management's planned purchase of electricity and gas metering company Energy Assets Group, after raising concerns about gas metering services for commercial customers.

  • October 09, 2026

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

    The past week in London has seen PrivatBank sue its former oligarch owner, building materials provider Kingspan face a €100 million ($112 million) claim over Grenfell Tower cladding and energy giants VaroPreem and Viaro Energy become embroiled in an intellectual property row.

  • October 09, 2026

    FCA Faces Calls To Replace Andriesz Whistleblower Probe

    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.

  • October 09, 2026

    BoE Urges Banks To Act On Cloud Disruption Test Findings

    The Bank of England said Friday it has tested the financial sector's ability to respond to a global cloud services outage, bringing together 38 of the U.K.'s largest lenders and market infrastructure operators in a crisis management exercise.

  • October 09, 2026

    Scotchstone Weighs Joining Permanent TSB Buyout Bids

    Investment firm Scotchstone Capital LLP said Friday it is considering making a takeover offer for Permanent TSB Group Holdings PLC, potentially increasing competition for the Irish lender as it pursues an already-agreed acquisition by Austria's Bawag Group.

  • October 09, 2026

    Bank Backstops Still Fall Short In Most Countries, FSB Warns

    Half of major global jurisdictions have "material gaps" in emergency public funding arrangements for failing systemically important banks, leaving authorities at risk of having to "improvise under pressure" during a financial crisis, a stability-standards setter warned Friday.

  • October 09, 2026

    EU Mulls Use Of Tokenized Collateral In Central Clearing

    ​The financial markets regulator of the European Union said Friday that it is weighing whether tokenized assets can be used safely as collateral in central clearing as the digital asset technology moves closer to mainstream use.

  • October 09, 2026

    Law Firm Beats Bank's £10M Oligarch Conspiracy Claim

    A law firm owned by Seddons GSC has defeated a Luxembourg-based bank's claim that it conspired with a Russian media tycoon to avoid repaying £10 million ($13.2 million) in debt.

  • October 09, 2026

    Ex-Deutsche Bank Trader Quashes Rate-Rigging Conviction

    An English appeals court threw out on Friday the conviction of a former Deutsche Bank trader who had pleaded guilty to fraud for rigging benchmark interest rates, becoming the latest in a series of bankers to have their convictions overturned. 

  • October 08, 2026

    Wealth Manager Sues Execs Over £100M Client Poaching Plot

    A wealth management business has accused three ex-employees of setting up competing businesses that snapped up clients with more than £100 million ($132.2 million) in managed assets, claiming they secretly built up the rival while on its payroll.

  • October 08, 2026

    Completed 'Mega-Deals' Reach Record High, WTW Says

    Broking and advisory business WTW said Thursday that the number of $10-billion plus deals that have completed this year has reached an all-time high.

  • October 08, 2026

    CMA Mulls Fixes To $6.6B Acquisition Of NCR By Brink's

    The U.K.'s antitrust regulator said Thursday it is considering solutions from The Brink's Co. to address competition concerns over the ATM operator's approximately $6.6 billion proposed acquisition of cash machines business NCR Atleos.

  • October 08, 2026

    Visa, Mastercard Face £700M Claim Over Brexit Fee Hikes

    Visa and Mastercard are facing a collective action from U.K. businesses seeking more than £700 million ($925 million) in compensation over allegedly excessive fees charged on card payments after Brexit, a former official at the Competition and Markets Authority said Thursday. 

  • October 08, 2026

    MFS Ex-Chief Raja Delays Ruling On £242M Funneling Claim

    The former chief executive of collapsed lender Market Financial Solutions avoided on Thursday an imminent hearing over claims he funneled millions of pounds from a financial intermediary linked to MFS into companies he owned and controlled.

  • October 08, 2026

    FCA Seeks 90-Day Notice For Property Fund Withdrawals

    The Financial Conduct Authority floated plans Thursday to require investors seeking to withdraw money from retail funds heavily invested in illiquid assets, such as property, to provide asset managers with at least 90 days' notice.

  • October 08, 2026

    EIOPA Seeks Simpler Sales Rules For Insurance Investments

    The European Union's insurance watchdog launched a consultation Thursday on reducing the information collected when insurance-based investment products are sold, saying some consumer protection safeguards are too complex.

  • October 08, 2026

    ESMA Orders Halt To Noncompliant Stablecoin Services

    The European Securities and Markets Authority called Thursday for crypto-asset providers to halt services in connection with noncompliant stablecoins.

  • October 08, 2026

    Slaughter And May Helps Aberdeen Sell £436M Insurer Stake

    Aberdeen Group said Thursday it has disposed of approximately half of its holding in insurer Standard Life for around £436 million ($576 million), supported by Slaughter and May.

Expert Analysis

  • Saxon Woods Ruling Clarifies Directors' Duty Of Good Faith

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    The U.K. Supreme Court’s recent landmark judgment in Saxon Woods sends a clear message to businesses that a director's conduct must withstand objective scrutiny, affirming that even if an individual believes they are acting in the company's best interests, they cannot deceive fellow board members, says Richard Clayman at Kingsley Napley.

  • Sanctions Spotlight: Rise Of Trade Measures In The UK

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    With HM Revenue & Customs' recent settlement with Petrofac marking the first public naming of a company for breaches of U.K. trade sanctions, and regulators demonstrating an increasing emphasis on systems and controls, there is clearly a more complex landscape evolving that businesses need to navigate, says Alexandra Melia at Steptoe.

  • Entain Ruling Offers Parties Key E-File Guidance

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    The U.K. Commercial Court’s recent decision in Various Claimants v. Entain PLC provides guidance for the first time for those navigating a court document filing pilot scheme, offering a practical template for parties to litigation involving sensitive issues by balancing transparency obligations with legitimate confidentiality concerns, say lawyers at HSFK.

  • Series

    Practice Leader Insights From Mayer Brown's Ronan Mellon

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    Ronan Mellon, Mayer Brown's finance office practice lead, discusses how working in the City is like a parallel universe to growing up in rural Ireland, the challenges of working on a bond refinancing with a highly complex escrow arrangement, and why he is a fan of client secondments for junior lawyers.

  • BlueCrest Decision Tightens Test For LLP Tax Treatment

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    The U.K. Supreme Court’s recent judgment in HMRC v. BlueCrest Capital Management clarifies the tax framework for assessing whether limited liability partnership members are genuinely operating as partners or should be treated as employees, which is likely to be significant far beyond the hedge fund sector, say lawyers at Stewarts Law.

  • EU Ruling Creates Clear Separation Of Sanctions, AML Risks

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    A recent ruling from the Court of Justice of the European Union bars banks from automatically denying basic payment accounts based on U.S. sanctions listings, emphasizing the distinction between sanctions and money laundering risks while preserving significant discretion following individualized assessments, says Vaïk Müller at CMS.

  • FCA Letter Highlights Football Clubs' Crypto Deal Risks

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    The Financial Conduct Authority’s recent warning to Premier League football clubs about sponsorship arrangements with unauthorized crypto-asset businesses demonstrates its concerns over unlawful financial promotions and anti-money laundering compliance failures, both of which run the risk of significant reputational damage and criminal prosecution, says Sushil Kuner at Freeths.

  • Series

    Practice Leader Insights From Norton Rose's Jonathan Herbst

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    Jonathan Herbst, Norton Rose's global head of financial services, discusses the importance of encouraging a team as a whole, how increasingly complex regulation means that deals come down to managing risk across multiple regimes, and why incremental short-term goals are just as important as longer-term plans.

  • UK Bill Would Transform Commercial Payments Terms

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    A bill recently introduced to Parliament, if enacted, would replace significant areas of contractual freedom concerning payment terms with mandatory rules that would fundamentally alter the balance of power between smaller suppliers and larger counterparties, says Sam Cooper at Crowell & Moring.

  • Int'l Bribery Enforcement Takeaways After SFO Conference

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    While the U.K. Serious Fraud Office's recent conference demonstrated a global consensus on the importance of combating bribery and corruption, lagging enforcement from U.S. and U.K. regulators suggests that muscular supranational agencies may soon step up to lead cross-border investigations, say lawyers at Addleshaw Goddard.

  • UK-Gulf Trade Deal Offers Key Benefits, But Hurdles Remain

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    The U.K.’s recent free trade agreement with the Gulf Cooperation Council is expected to deliver U.K. businesses a competitive advantage, with simplified procedures and tariff removal across manufacturing, services and digital trade sectors, but navigating Gulf regional tensions and differing regulatory regimes will create challenges, say lawyers at King & Spalding.

  • Crypto Sector Sees Tougher Sanctions Compliance Demands

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    The U.K. government’s recently announced Russian sanctions package focusing on crypto-assets is a clear indication that authorities consider the crypto sector a major enforcement area, firmly within the scope of financial sanctions law, says Thomas Cattee at Gherson Solicitors.

  • AI Puts Financial Firms' Human Accountability To The Test

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    A recent Financial Services Skills Commission report illustrates the paradox that artificial intelligence increases the need for human oversight while automating the pathways through which that expertise is developed, and financial firms whose governance evolves at pace with technology are poised to benefit the most, say Louise Neave and Jack Paul at Fox Williams.

  • Why Tonzip Is Notable In English Sanctions Law Development

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    The Court of Appeal's ruling in Tonzip Maritime Ltd. v. 2Rivers Pte Ltd., the latest in the English law of sanctions ownership and control, confirms that where a contract refers to sanctions exposure, the relevant question may be whether there is a real and objectively reasonable risk, not whether a sanctions breach has already been proved, say lawyers at Michelman Robinson.

  • How Firms Can Prepare For Increasing AI-Cybersecurity Risks

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    The growing convergence between cybersecurity and artificial intelligence means that businesses need to recognize the breadth of the threat, and conduct repeated testing and adjustment to address the shifting risk landscape, say lawyers at Debevoise.

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