Financial Services UK

  • October 15, 2025

    Trading Platform Defends 'BrokerTec' EU TM Hopes

    A Spanish electronics wholesaler has lost its attempt to shut down a trading platform's "BrokerTec" European Union trademark application, failing to show that consumers could mix up the sign with its earlier "Brokertech" registration.

  • October 15, 2025

    King & Spalding Opens In Sydney With Int'l Employment Pro

    King & Spalding LLP announced Wednesday that it is opening an office in Australia under the leadership of its global human capital and compliance practice head, supported by a team of attorneys who advise on corporate transactions, energy and infrastructure projects, complex global workforce matters and high-stakes disputes.

  • October 15, 2025

    Regulators To Ease Bonus Restrictions On Senior Bankers

    The U.K. financial services watchdogs have said they will enable companies to pay senior bankers more flexibly from Thursday in a move to support domestic growth and competitiveness.

  • October 15, 2025

    Rathi Defends Motor Finance Redress During Grilling By Peers

    The Financial Conduct Authority faced accusations by a House of Lords committee on Wednesday that its proposed motor finance redress scheme gave consumers a "false understanding" of the redress they can get.

  • October 15, 2025

    London Insurers Push For Growth-Friendly Regulation

    Lawmakers and policy officials must regularly review how Britain's regulators are fulfilling their competitiveness objective to make good on their growth mandates, a trade body for the insurance sector said.

  • October 15, 2025

    Lloyds OK To Reject Staffer's Request For 3-Day Workweek

    A tribunal has ruled that Lloyds Bank did not act unreasonably when it refused an employee's request to compress her hours into longer shifts across fewer days.

  • October 15, 2025

    SoftBank Beats Credit Suisse's $440M Greensill Claim

    A London judge ruled Wednesday that SoftBank is not liable to Credit Suisse for $440 million in losses linked to the collapse of Greensill Capital over a restructuring deal, finding that the Japanese bank "did not orchestrate" the transaction. 

  • October 15, 2025

    Capita Fined £14M For Cyber-Failures In Pensions Breach

    The data watchdog said on Wednesday that it has fined outsourcing company Capita £14 million ($18.7 million) for failures in holding personal data security during a cyberattack in 2023 in which the information of 6.6 million people was stolen.

  • October 14, 2025

    Six Pension Plans Settle In $2.1B Danish Tax Fraud Case

    Six pension plans have settled claims by Denmark's tax agency accusing them of participating in a $2.1 billion scheme that fraudulently claimed refunds on tax withheld from stock dividends, with a New York federal court dismissing the allegations Tuesday.

  • October 14, 2025

    Iraqi Cites Torture Risk In Appeal Over Extradition To Kuwait

    An Iraqi national told a London court on Tuesday that he would face torture and inhumane prison conditions if he is extradited to Kuwait over an alleged £243 million ($324 million) fraud.

  • October 14, 2025

    US, UK Freeze Assets Of Alleged Cambodian Cyber-Scammers

    The U.K. and the U.S. sanctioned on Tuesday a network of individuals that operates scam centers across southeast Asia by freezing London properties worth more than £112 million ($149 million).

  • October 14, 2025

    FCA Gets BlueCrest Investors $101M Redress On Conflicts

    The Financial Conduct Authority said Tuesday it has secured $101 million in redress for non-U.S. investors in a fund managed by BlueCrest Capital Management (UK) LLP and has given the firm a public censure.

  • October 14, 2025

    FCA Sets Out Digitalization Plans For Asset Managers

    The Financial Conduct Authority proposed new rules on Tuesday to help asset managers trade funds as digital assets, with the aim of increasing innovation and global competitiveness.

  • October 14, 2025

    UK Eyes Widening Access To Local Gov't Pension

    Policymakers have proposed widening access to the Local Government Pension Scheme for councilors and mayors in England in a move that would align the country with others in Britain.

  • October 14, 2025

    Most DB Pension Funds To Shun UK Growth Assets This Year

    Pension bosses in the £1.4 trillion ($1.8 trillion) defined benefit pension sector are unlikely to put money into U.K. growth assets over the next year, a survey found Tuesday, despite government efforts to galvanize parts of the industry into domestic investment.

  • October 14, 2025

    Sharp Rise In 'Nationally Significant' UK Cyberattacks

    Britian's cybersecurity agency said Tuesday that it has handled an average of four "nationally significant" cyberattacks every week in the last year, more than double the number in the previous 12 months.

  • October 21, 2025

    MoFo Hires Wilson Sonsini Fintech Pro In London

    Morrison Foerster LLP has added a financial services partner from Wilson Sonsini to its London office as it continues to expand its cross border fintech and regulatory capabilities.

  • October 14, 2025

    Close Brothers Sets Aside £300M For Car Finance Claims

    Close Brothers said Tuesday that it is almost doubling its allocation to address the industry-wide motor finance compensation scheme as the merchant bank joined another lender in criticizing the Financial Conduct Authority's plans for redress.

  • October 13, 2025

    Fund Manager Denies Fee Claim Over $300M Loan Deal

    An investment fund manager has denied owing $3.75 million to a finance adviser that claims to have introduced investors for the manager's fleets of supply vessels, saying that no deal was ever agreed for such a success fee.

  • October 13, 2025

    Pensions Watchdog Warns Small Schemes Over New Law

    The U.K.'s pensions watchdog said Monday that smaller schemes aren't doing enough to prepare for new rules requiring them to offer ready-made retirement options to savers.

  • October 13, 2025

    Kirkland-Led Warburg Pincus To Buy Software Co. For €700M

    Private equity group Warburg Pincus LLC said Monday it has agreed to buy PSI, a German software company, for approximately €702 million ($812 million), to increase its presence in the growing global energy and industrial technology sector.

  • October 13, 2025

    FSB Warns G20 Of High-Risk Delays In Financial Reform

    The chairman of an international standards setter warned policymakers from the Group of 20 economic forum on Monday that countries are failing to finish financial reforms on time, risking global shocks.

  • October 13, 2025

    Pensions Body Renews Qualifications To Boost UK Standards

    The Pensions Management Institute said on Monday it has revamped its qualifications package to drive up industry standards in what it called an increasingly complex retirement savings landscape.

  • October 13, 2025

    FCA Working With Global Tech Biz For Open Finance Testing

    The City watchdog said Monday that it has entered into a partnership with global technology company Raidiam to accelerate open finance in a move to expand the sharing of client data across financial products.

  • October 13, 2025

    Lloyds Sets Aside £800M To Cover Motor Finance Claims

    Lloyds Bank said Monday that it has increased its provision for compensating customers tied to the motor finance misselling scandal by an additional £800 million ($1.1 billion), as the lender raised serious concerns about the Financial Conduct Authority's proposed redress program.

Expert Analysis

  • A Look At UK, EU And US Cartel Enforcement Trends

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    The European Union, U.K. and U.S. competition agencies' recently issued joint statement on competition risks in generative artificial intelligence demonstrates increased cross-border collaboration on cartel investigations, meaning companies facing investigations in one jurisdiction should anticipate related investigations in other jurisdictions, say lawyers at Latham & Watkins.

  • Testing The Limits Of English Courts' Pro-Arbitration Stance

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    Although the Court of Appeal recently upheld a $64 million arbitration award in Eternity Sky v. Zhang, the judgment offers rare insight into when the English courts’ general inclination to enforce arbitral awards may be outweighed by competing policy interests such as consumer rights, say Declan Gallivan and Peter Morton at K&L Gates.

  • What Green Claims Directive Proposal Means For Businesses

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    With the European Union’s recent adoption of a general approach to the proposed Green Claims Directive, which will regulate certain environmental claims and likely be finalized next year, companies keen to publicize their green credentials have even more reason to tread carefully, say Marcus Navin-Jones and Juge Gregg at Crowell & Moring.

  • £43M Legal Bill Case Shows Courts' View On Exchange Rates

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    A recent Court of Appeal decision declined to change the currency used for payment of the Nigerian government's legal bill, aligning with British courts' consensus that they should not be concerned with how fluctuating exchange rates might benefit one party over another, says Francis Kendall at Kain Knight.

  • Examining The EU's New Payments Services Package

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    Following recent European Parliament elections, the spotlight is turning to the highly anticipated payments services package expected in September, marking a pivotal moment in the legislative process that will reshape the payment services ecosystem in the European Union, says Kristýna Tupá and Karolína Hlavinková at Schoenherr.

  • Examining The State Of Paccar Fixes After General Election

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    Following the U.K. Supreme Court's Paccar decision last year, which made many litigation funding agreements for opt-out collective actions in the Competition Appeal Tribunal unenforceable, the judiciary will likely take charge in implementing any fixes — but the general election has created uncertainty, says Ben Knowles at Clyde & Co.

  • EU Reports Signal Greenwashing Focus For Financial Sector

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    Reports from the European Supervisory Authorities on enforcement of sustainability information, plus related guidance issued by the European Securities and Markets Authority, represent a fundamental change in how businesses must operate to maintain integrity and public trust, say Amilcare Sada and Matteo Fanton at A&O Shearman.

  • Opinion

    Without Change, Fighting Fraud Is A Losing Battle For The UK

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    To successfully fight fraud cases in the U.K. — like the Russian Coms scam recently shut down by the National Crime Agency — it is clear there needs to be significant investment in recruiting and training expert investigators, and meaningful engagement between the country’s intelligence platforms, says Anthony Hanratty at Howard Kennedy.

  • Embedding Consumer Duty: 6 Areas Firms Should Prioritize

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    The Financial Conduct Authority has repeatedly emphasized that complying with the Consumer Duty is not a tick-box exercise but an ongoing responsibility, so firms need to show that the duty is at the heart of their practices by staying compliant in areas from cultural change to customer vulnerability, say Nicola Higgs and Becky Critchley at Latham.

  • 2 UK Rulings Highlight Persistent Push Payment Fraud Issues

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    Two recent High Court decisions, Larsson v. Revolut and Terna DOO v. Revolut, demonstrate that authorized push payment fraud continues to cause headaches for consumers and financial institutions alike, and with forthcoming mandatory reimbursement requirements, more APP fraud litigation can be expected, say lawyers at Charles Russell.

  • Open Questions 3 Years After 2nd Circ.'s Fugitive Ruling

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    The Second Circuit’s 2021 decision in U.S. v. Bescond, holding that a French resident indicted abroad did not meet the legal definition of a fugitive, deepened a circuit split on the fugitive disentitlement doctrine, and courts continue to grapple with the doctrine’s reach and applicability, say attorneys at Lankler Siffert.

  • Key Points From UK Prospectus Regime Reform Consultation

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    The Financial Conduct Authority's current consultation on U.K. prospectus regime reform proposals, including when a prospectus will be required and the requirements concerning content, is designed to enhance the attractiveness of the U.K.'s capital markets, say lawyers at Sullivan & Cromwell.

  • Why NCA's 1st Seizure Of Sanctioned Funds Is Significant

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    The National Crime Agency’s recently secured forfeiture of a Russian oligarch's sanctioned funds was a landmark achievement, and is particularly notable because it was made under the Proceeds of Crime Act, illustrating how U.K. authorities can coordinate their respective powers to confiscate assets, says Lindsey Cullen at WilmerHale.

  • Takeaways From New FCA Rules On Research Payments

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    The Financial Conduct Authority’s recently published final rules on payment optionality for investment research, which involve a client disclosure obligation option, will be welcome news for U.K. managers who buy investment research from U.S. brokers, and for global asset management groups, says Anna Maleva-Otto at Schulte Roth.

  • What To Expect From Labour's Pension Schemes Bill

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    The Labour government’s recently announced Pension Schemes Bill, outlining key policy areas affecting the retirement savings sector, represents a positive step forward for both defined contribution scheme members and defined benefit superfunds, but there are some missing features, says Sonya Fraser at Arc Pensions.

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