Financial services companies face closer scrutiny of weaknesses in their artificial intelligence governance and controls, with enforcement risk rising where significant consumer harm arises, 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
Financial services companies face closer scrutiny of weaknesses in their artificial intelligence governance and controls, with enforcement risk rising where significant consumer harm arises, 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 23, 2026
The past week in London has seen former solicitor Paul Baxendale-Walker file a claim, private equity firm Novalpina Capital sue its founder Stefan Emanuel Kowski amid fallout over its investment in NSO Group, and Boehringer bring a patents claim against Teva Pharmaceuticals.
-
October 23, 2026
The Financial Conduct Authority has released findings on "good and poor practice" in the use of artificial intelligence. Here, Tom Brown of Shoosmiths outlines five traps that financial services companies must avoid if they want to stay on the right side of the regulator.
-
October 23, 2026
Fintel said Friday that it has bought the remaining stake in Mortgage Brain Holdings Ltd. which it does not already own for approximately £38.4 million ($51.4 million) to expand its financial services technology services.
-
October 23, 2026
The Financial Conduct Authority said Friday it has restrained the activities of six unregulated lenders over concerns about their anti-money laundering controls, limiting their ability to take on new customers or extend credit to existing borrowers.
-
October 23, 2026
The Financial Conduct Authority has urged private market firms to strengthen their management of conflicts of interest, after finding in a review published Friday that "standards varied considerably" among companies.
-
October 23, 2026
The Central Bank of Ireland has fined crypto asset-trading platform Coinbase Ireland more than €3.2 million ($3.8 million) for breaches of its safeguarding and outsourcing obligations under European Union regulations.
-
October 22, 2026
A commercial lender is suing a property investment company and its director for £2.3 million ($3.1 million), alleging they failed to repay a loan used to buy a nursing home in Oxfordshire.
-
October 22, 2026
The U.K. risks losing its ability to respond to rapid technological change, and regulators and industry must collaborate more quickly to protect financial markets from emerging threats, the head of the Financial Conduct Authority said Thursday.
-
October 22, 2026
A Russian motorsport promoter has alleged that Formula One made an "unconscionable" demand for "vast" fees for races that didn't take place after Russia's invasion of Ukraine.
-
October 22, 2026
India failed on Thursday to block a $273 million claim brought by the Ras Al Khaimah Investment Authority, a government-backed investment vehicle in the United Arab Emirates, over a collapsed aluminium production, as a London appeals court rejected the country's challenge to an arbitration tribunal's jurisdiction.
-
October 22, 2026
The European Union's anti-fraud office and its new anti-money laundering authority have agreed to strengthen cooperation, including sharing information on suspected financial crime and coordinating investigations into activities harmful to the bloc's financial interests.
-
October 22, 2026
The U.K. financial industry pays £47.8 billion ($63.9 billion) in taxes, with London banks facing a 46% tax rate, higher than financial hubs such as New York and Frankfurt, Germany, according to an industry group report.
-
October 22, 2026
The European Union has agreed to relax its securitization rules to free up capital for banks, encourage lending to businesses and households and strengthen the bloc's financial markets.
-
October 21, 2026
U.K. financial services group Tavistock said Wednesday it has agreed to sell a subsidiary for £3 million ($4 million) and has entered exclusive negotiations over another disposal, as the group continues to refocus its operations.
-
October 21, 2026
The Labour government risks economic growth by putting higher taxes on banks on the agenda ahead of the autumn budget, the Confederation of British Industry warned Wednesday.
-
October 21, 2026
The Financial Conduct Authority confirmed on Wednesday that it has closed its investigation into Home REIT, a social housing investor, while a criminal probe by the Serious Fraud Office into the company is still underway.
-
October 21, 2026
Mex Group told an appeals court Wednesday that two executives and a financial services company cannot claim around $150 million in losses from a worldwide freezing order because it did not prevent them from trading or marketing bonds.
-
October 21, 2026
The widow of shipbuilding tycoon Iskandar Safa lost her attempt on Wednesday to prevent Mozambique from pursuing her for her husband's alleged liabilities arising from a $1.9 billion damages award in the landmark "tuna bonds" corruption case.
-
October 21, 2026
The Financial Conduct Authority said Wednesday it has banned and fined the former chief executive of Vector Wealth after he acted as a front for the company to lure individuals into buying high-risk bonds, causing losses of £4 million ($5.4 million).
-
October 21, 2026
The Financial Conduct Authority set out proposed guidance on Wednesday for regulated companies that use decentralized finance to encourage them to tackle heightened risks of crime and be resilient against cyberattack.
-
October 21, 2026
A tribunal has ordered a mortgage advice firm to pay £24,200 ($32,400) after ruling it discriminated against an employee by firing her while she was pregnant.
-
October 21, 2026
ScottishPower must pay tax on £28 million ($37.5 million) in redress for regulatory failures after Britain's top court ruled on Wednesday that the compensation was similar to a penalty.
-
October 20, 2026
The Delaware Chancery Court has refused to toss a suit accusing the London Stock Exchange Group PLC and a few of its subsidiaries of luring MayStreet Inc.'s co-founder and former CEO into selling the company with false promises of growth and then failing to honor post-closing obligations under the merger contract.
-
October 20, 2026
A minority stakeholder in Italian pharmaceutical giant Recordati SpA on Tuesday urged fellow shareholders not to accept a consortium's €10.5 billion ($11.8 billion) takeover offer, arguing the bid falls "far short" of the company's real value.
-
October 20, 2026
Chancellor of the Exchequer John Healey has rejected calls from other Labour figures to raise capital gains tax in the U.K.'s upcoming budget, according to a newspaper report, in favor of taxes on banks.