Financial Services UK

  • October 23, 2026

    Former Prince Andrew Can Be Called As Witness In Fraud Trial

    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.

  • October 23, 2026

    UK Regulators Propose Simplifying Senior Managers Regime

    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.

  • October 23, 2026

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

    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

    5 AI Traps To Avoid As FCA Sets Out Good And Bad Practice

    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

    CMS-Led Fintech Co. To Buy Mortgage Software Biz For £38M

    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

    FCA Restricts 6 Firms Over AML Control Concerns

    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

    FCA Warns Private Market Firms Over Conflicts Of Interest

    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

    Coinbase Fined €3.2M For Safeguarding, Outsourcing Failings

    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

    Lender Sues Property Co. For £2.3M Over Nursing Home Loan

    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

    UK Risks Falling Behind On Financial Threats, FCA Warns

    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

    Russian Grand Prix Org. Hits Back At F1's 'Vast' Fee Demand

    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 Loses Bid To Block $273M UAE Investment Claim

    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

    EU Fraud, AML Watchdogs Join Forces To Combat Crime

    ​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

    UK Banks Face 46% Tax Rate, Outpacing Global Finance Hubs

    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

    EU Set To Overhaul Securitization Market To Free Up Capital

    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

    Tavistock Agrees £3M Subsidiary Sale, Eyes Deal With Atomos

    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

    UK Financial Tax Hike Would Risk Growth, Group Warns

    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

    FCA Ends Home REIT Probe But Will Aid SFO Investigation

    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 Fights $150M Losses Claim Over Asset Freeze

    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

    Mozambique Can Pursue Safa Widow In 'Tuna Bonds' Case

    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

    Ex-Vector Wealth CEO Fined, Banned Over Mini-Bond Scheme

    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

    FCA Sets Out DeFi Guidance To Address Financial Crime Risk

    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

    Mortgage Adviser Sacked While Pregnant Wins £24K

    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's £28M Redress Payments Are Not Deductible

    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

    London Stock Exchange Can't Nix MayStreet Suit, Judge Says

    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.

Expert Analysis

  • Appeals Court Offers Framework For Loan Interest Disputes

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    The Court of Appeal's recent decision in Houssein v. London Credit Ltd. offers guidance for borrowers and lenders on determining what is required to stop contractual interest from accruing on a secured loan and whether a default interest provision amounts to an unenforceable penalty, say lawyers at Reed Smith.

  • Designing Management Incentives For An Uncertain PE Exit

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    With management teams increasingly asked to stay invested for longer periods as private equity holding periods extend and routes to exit become less predictable, management incentive plans require sufficient flexibility to remain effective, say lawyers at Morgan Lewis.

  • Tesla Win Establishes UK Courts May Set Patent Pool Rates

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    The recent U.K. Supreme Court decision in Tesla v. InterDigital & Avanci determined that English and Welsh courts can resolve license rate-setting disputes for standard essential patents, with a U.K. FRAND determination serving as leverage in negotiating high-value licenses for standardized technologies, say lawyers at Quinn Emanuel.

  • 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.

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    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.

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    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.

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    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.

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