Financial Services UK

  • October 07, 2026

    London Gold Body Accused Of Role In Tanzanian Mine Deaths

    Lawyers representing the families of two men killed by police at a Tanzanian gold mine argued at the start of a London trial Wednesday that the trade body for the world's largest gold bullion market had "played a crucial role" in their deaths.

  • October 07, 2026

    FCA Employee Unions Win OK To Pursue Recognition

    A panel of arbitrators has decided that the Financial Conduct Authority must face two trade unions' joint application to collectively negotiate on behalf of almost all employees working for the regulator.

  • October 07, 2026

    VW Sets Aside £725M For UK Car Finance Redress Scheme

    Volkswagen's U.K. motor finance arm has set aside £725 million ($958 million) to cover potential costs of a regulatory program to compensate customers affected by historical motor finance practices, according to accounts filed at Companies House.

  • October 07, 2026

    Bank Of England Floats Tying Regulatory Thresholds To GDP

    The U.K.'s central bank said Wednesday it plans to increase regulatory requirement thresholds across banking, insurance and credit unions to reduce compliance costs and give financial firms greater certainty about future rules.

  • October 07, 2026

    Reinsurers Say $4B Jets Row Seeks To 'Turn Lead Into Gold'

    A group of reinsurers argued Wednesday that aircraft lessors are trying to "turn lead into gold" by seeking billions of dollars for planes stranded in Russia under reinsurance policies arranged by the airlines.

  • October 07, 2026

    UK Pension Plans Weigh Insurer Deals As Funding Improves

    Almost half of the defined benefit pension plans polled in a new study intend to transfer their liabilities to an insurer within the next decade, according to a report by a professional body and an asset manager.

  • October 07, 2026

    Ex-Barclays Traders Overturn Rate-Rigging Convictions

    Five former Barclays traders succeeded on Wednesday in overturning their convictions for rigging benchmark interest rates, further unraveling landmark prosecutions brought by the Serious Fraud Office in the aftermath of the global financial crisis.

  • October 06, 2026

    Russia On The Hook For $192.5M In Crimea Seizure Cases

    An international tribunal has ordered Russia to pay nearly $181 million plus interest to Ukraine's largest commercial bank for expropriating its Crimean assets and $11.5 million plus interest to the operator of a private airport in Crimea.

  • October 06, 2026

    Maslow Provides £137M To Refinance Manchester Towers

    Specialist real estate finance provider Maslow Capital said Tuesday that it has completed a £136.8 million ($181.6 million) facility for developer Vita Group, secured against two residential towers in Manchester.

  • October 06, 2026

    Gov't Raises Shawbrook Development Guarantee To £350m

    The British Business Bank has said it will increase its existing property development guarantee facility with Shawbrook to £350 million ($464 million), in a move to increase the U.K.'s housing supply.

  • October 06, 2026

    Libor Traders Seek To Void Convictions Over Judicial Errors

    Six former City traders will seek to overturn their convictions in an appeal on Wednesday following a ruling by the U.K. Supreme Court ruling that exposed judicial errors in the Serious Fraud Office's prosecutions and cast doubt on the safety of their verdicts.

  • October 06, 2026

    French Banking Giant BPCE Buys 7% Stake In Spanish Lender

    France's second-largest bank BPCE disclosed Tuesday a "friendly acquisition" of approximately 7% of the share capital of Banco de Sabadell, a year after the Spanish lender survived a hostile takeover bid from rival BBVA.

  • October 06, 2026

    FCA Tells AGM It Will Tackle Financial Crime With 'Force'

    The Financial Conduct Authority said at its annual general meeting on Tuesday that it will engage with financial crime with a "force" that has not been seen for years, highlighting artificial intelligence as a source of risk.

  • October 06, 2026

    UK Financier Launches Development Arm With £40M Property

    Real estate financier Iron Bridge said Tuesday it has launched a new residential development business focused on London and the southeast of England, with a 44-home undertaking in the capital as its first project.

  • October 06, 2026

    Asset Manager Seeks £4M From Colliers Over Mall Valuation

    A fund management arm of ICG PLC told a London court Tuesday that Colliers International owes it more than £4 million ($5 million) for negligently overvaluing a shopping mall used as security for a loan by more than 40%.

  • October 06, 2026

    EIOPA Warns Of Oversight Risks In PE-Linked Reinsurance

    The European Union's insurance watchdog warned in a report on Tuesday that private equity companies' pursuit of quick returns and willingness to take greater risks can conflict with their responsibility to ensure insurers and reinsurers remain financially sound.

  • October 06, 2026

    MPs Call For Whistleblower-Handling Probe As AGM Hijacked

    A group of MPs called for an independent investigation on Tuesday into how the Financial Conduct Authority handles whistleblowers following the death of a former Wall Street broker, as the watchdog's annual general meeting was hijacked by complainants criticizing its approach.

  • October 05, 2026

    Property Investor Claims £20M Over Shoreditch Hotel Defects

    A Luxembourg real estate debt investment company has sued an engineering consultancy and a design firm for £20 million ($26.4 million), alleging that defects in a Shoreditch hotel development caused a sale to fall through.

  • October 05, 2026

    FCA Redress Program 'Fatally Flawed,' Lenders Tell Tribunal

    Motor finance lenders and a consumer advocacy body labeled the Financial Conduct Authority's redress program as fundamentally flawed at the Upper Tribunal on Monday, with some asking to allow expert witnesses to challenge the assumptions.

  • October 05, 2026

    SEC Censures JPMorgan Over Disqualified Swaps Trader

    JPMorgan Securities and JPMorgan Chase Bank have agreed to a cease-and-desist order and a censure from the U.S. Securities and Exchange Commission to resolve claims that the firms allowed a person who was statutorily disqualified due to a violation in the U.K. to effectuate security-based swap transactions.

  • October 05, 2026

    Lessors Say Reinsurers Owe $4B For Planes Stuck In Russia

    Reinsurers cannot refuse multibillion-dollar claims for planes stranded in Russia on the basis that they're not covered by reinsurance policies arranged by airlines, a group of lessors told the opening of trial Monday.

  • October 05, 2026

    Clean Energy Fund Sued For £2.8M In Grid Connection Costs

    A renewable energy investment fund has been sued by solar energy company Enviromena for £2.8 million ($3.7 million), after a project it acquired from the fund had higher grid connection costs than expected.

  • October 05, 2026

    A&L Goodbody-Led Permanent TSB Rejects Rival Buyout

    Permanent TSB Group rejected a potential takeover offer from investment firm Axis Capital Ltd. on Monday, saying it was focused instead on completing an agreed takeover by another rival.

  • October 05, 2026

    Asset Manager Team To Buy Rival For At Least £3M

    Asset manager Team PLC said Monday that it has agreed to buy wealth manager Hedley & Co. Stockbrokers Ltd. for at least £3 million ($4 million) as it seeks to expand in the U.K. and boost profitability.

  • October 02, 2026

    BitGo Breached Token 'Lock-up' Period, $141M Suit Claims

    Digital asset infrastructure company BitGo has been sued for $141 million by two companies linked to crypto market maker DWF Labs, who allege BitGo caused a drop in token value by releasing tokens it had bought from them onto the market in breach of an agreed "lock up" period.

Expert Analysis

  • How Public Filing Pilot Is Influencing Litigation Strategy

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    The ongoing pilot program that makes it easier for third parties like journalists or academics to obtain court documents used in certain public hearings is reshaping how litigation teams draft skeleton arguments, settle expert evidence, and identify and restrict sensitive material, say lawyers at Greenberg Traurig.

  • Series

    Practice Leader Insights From Birketts' Jessica Caws

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    Jessica Caws, co-head of financial services at Birketts, discusses creating a collaborative environment for her junior colleagues, the excitement of working on a matter at the forefront of regulatory change, and why as a lawyer it is important to develop the ability to critically analyze information early on.

  • AI Voice Cloning Exposes Gaps In UK Personality Rights Law

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    The advent of artificial intelligence voice cloning has turned concerns over the absence of dedicated personality rights into a practical policy issue, and the U.K. government's planned consultation on digital replicas offers an opportunity to develop targeted intellectual property and fraud protections without undermining innovation, say lawyers at Foot Anstey.

  • Series

    Practice Leader Insights From RPC's Simon Hart

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    Simon Hart, head of RPC's financial services sector, discusses the importance of leading with clear goals and a shared purpose, the challenge of keeping clients focused under sustained pressure, and why junior lawyers should resist the trend to become too specialized early on.

  • Financial Firm Ruling Narrows Push Fraud Recovery Route

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    The recent Court of Appeal decision in Moorwand v. Hamblin rejected a derivative claim brought by victims of an authorized push payment fraud, clarifying that these claims will only succeed in limited circumstances where a provider is demonstrably put on inquiry for misappropriation, say lawyers at Irwin Mitchell.

  • FCA Nonfinancial Misconduct Rules Demand Shift For Firms

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    Under the Financial Conduct Authority's new nonfinancial misconduct framework, conduct like serious bullying, harassment and violence is now capable of generating regulatory consequences extending well beyond the workplace, and four questions are likely to occupy compliance teams over the coming months, says Chloe-Jane Belton at Howard Kennedy.

  • Series

    Practice Leader Insights From Reed Smith's Panos Katsambas

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    Panos Katsambas, global co-lead of Reed Smith's financial industry group, discusses how dealing with adversity in world events enabled him to handle volatility in his practice, how private credit and fund finance are now dominating the financial industry, and why it is important to remember that the legal industry is a service industry.

  • Why Bear Hugs Are Making A Comeback In UK M&A Deals

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    With "bear hugs" recently reemerging as an attractive negotiation tool for bidders in mergers and acquisitions, both target boards and potential acquirers should note the effect of the City Code on Takeovers and Mergers' timing and drafting limits, says Ben Land-Maycock at Covington.

  • What FCA Code Reforms May Mean For Solo-Regulated Firms

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    The Financial Conduct Authority’s recent proposals to create a more consistent and streamlined remuneration framework for solo-regulated firms will allow firms to design more flexible policies, but mean greater scrutiny of the firms’ decision-making, governance and recordkeeping, say lawyers at Birketts.

  • Key Points From High Court Ruling On FOS Time Bar Rule

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    In Barclays Bank v. Financial Ombudsman Service, the High Court recently blocked the FOS from investigating consumer complaints that fall outside the legal time limit, demonstrating courts’ willingness to look at the ombudsman's approach to its own jurisdiction, says Rachael Healey at RPC.

  • Series

    Practice Leader Insights From Morgan Lewis' Paul Denham

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    Paul Denham, head of Morgan Lewis' London finance practice group, discusses why working with nurturing partners helped him understand what good leadership should look like, how a Formula 1 financing transaction allowed a personal interest to cross into his day job, and the importance of being willing to adapt as markets change.

  • UK Corp. Crime Landscape Raises Global Governance Stakes

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    The Crime and Policing Act 2026 recently entered into force, highlighting a growing emphasis on governance and senior management oversight, the influence of compliance on commercial decision-making, and an overlap between legal and regulatory risk across jurisdictions, say lawyers at McDermott.

  • NYDFS Swedbank Order Offers Lessons On Candor

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    The New York State Department of Financial Services' consent order with Swedbank reflects the department's broad view of its investigative authority, emphasizes transparency, and underscores the risks of intrusive investigations that can occur if a regulator believes that it was misled, say attorneys at Paul Hastings.

  • Series

    Practice Leader Insights From Broadfield's James Duncan

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    James Duncan, Broadfield's head of U.K. funds, discusses how his journey to team leadership has had more twists than a Netflix thriller, how Brexit created a labyrinth of compliance, and why lawyers who thrive will be the ones who see change as both a challenge and an opportunity.

  • 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.

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