The Financial Conduct Authority's proposed rewrite of mortgage rules within its consumer duty regime, designed to protect households from taking risky financial action, could lead home buyers to make poor decisions and expose them to misselling traps, according to legal experts.
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.
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The Financial Conduct Authority's proposed rewrite of mortgage rules within its consumer duty regime, designed to protect households from taking risky financial action, could lead home buyers to make poor decisions and expose them to misselling traps, according to legal experts.
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.
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October 26, 2026
The U.K.'s actuarial watchdog on Monday floated changes to the way pension schemes calculate retirement projections, reflecting higher government bond yields.
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October 26, 2026
The U.K.'s Labour government could raise £5.8 billion ($7.7 billion) by restoring the bank surcharge to 8% in the autumn budget, a think tank said Monday.
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October 26, 2026
The Delaware Chancery Court last week approved a $250 million settlement of litigation over Microsoft Corp.'s acquisition of Activision Blizzard Inc., while Albertsons Cos. Inc. accused Kroger Co. of rejecting changes that could have saved their $24.6 billion merger and the Delaware Supreme Court ordered Verisk Analytics Inc. to keep pursuing a $2.35 billion acquisition.
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October 26, 2026
A property developer is seeking to overturn a judgment against him of almost $15 million, alleging that his former business partner's company used a fraudulent agreement bearing a signature in his name to persuade a court that he owed millions under a financing deal.
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October 26, 2026
Visa and Mastercard are facing class actions potentially worth billions of pounds for allegedly charging unlawful transaction fees, the law firms bringing the claims said Monday.
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October 26, 2026
The growing use of artificial intelligence across the U.K.'s financial services could amplify systemic risks as firms become increasingly exposed to cyberattacks and ever more reliant on a concentrated cluster of technology providers, the Bank of England warned Monday.
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October 26, 2026
Energy trader Mercuria accused the Baltic Exchange on Monday of keeping an unreliable benchmark running to avoid losing business to a rival, despite internal warnings that disruption in the Strait of Hormuz had made its assessments meaningless.
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October 26, 2026
The FCA said Monday that banks must speed up account-opening processes for defense businesses, warning that unnecessary delays and complex compliance checks can hinder small companies from supplying the U.K.'s military.
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October 23, 2026
New lending for U.K. commercial real estate rose 29% year-on-year to June 2026, reaching £28.7 billion ($37.4 billion), according to Bayes Business School's biannual market survey.
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October 23, 2026
Permanent TSB on Friday said the court hearing to approve its approximately €1.62 billion ($1.8 billion) sale to Austrian bank BAWAG PSK will go ahead as scheduled Tuesday, despite rival suitor Axis Capital's move to postpone the hearing.
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October 23, 2026
Legacy insurance specialist Marco Capital has sued the Toronto-Dominion Bank for $35 million in London after the financial position of a run-off operator the insurance business bought from the lender deteriorated.
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October 23, 2026
The Financial Conduct Authority said Friday it plans to strengthen its financial crime controls to combat criminals as they adopt increasingly sophisticated methods and harness new technologies to create fresh threats.
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October 23, 2026
A former Goldman Sachs banker accused of misappropriating assets from the multimillionaire wife of an imprisoned Turkish politician was given permission by a judge on Friday to call Andrew Mountbatten-Windsor to give evidence at trial.
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October 23, 2026
The Financial Conduct Authority and the Bank of England have proposed simplifying the senior managers and certification regime, which they say would save businesses £2 billion ($2.7 billion) a year.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.