Financial Services UK

  • May 01, 2026

    UK Leads OECD In Taxing Wealth, Think Tank Says

    The U.K. raises more revenue from taxes on wealth than any other country in the Organization for Economic Cooperation and Development, and implementing a wealth tax wouldn't generate as much money as existing levies, a think tank said in a report published Friday.

  • May 01, 2026

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

    The past week in London has seen a Swiss energy trader bring a Financial List claim against shipping benchmarking company Baltic Exchange, law firm Slater and Gordon sued by a former client, Slack and Salesforce hit Microsoft with an antitrust claim, and Stephen Fry bring a personal injury claim after he broke bones falling off a stage.  Here, Law360 looks at these and other new claims in the U.K...

  • May 01, 2026

    Lender Wins Payout From Law Firm Over Botched Pub Loan

    A lender has won a £578,000 ($787,000) claim against its former solicitors after a London court found that the law firm failed to properly check and explain risks tied to a loan secured against two London pubs. 

  • May 01, 2026

    Pension Deals May See Price Shift In Reinsurance Crackdown

    Insurers could be forced to hike prices for bulk purchase annuity deals as a result of a crackdown by regulators on risky forms of offshore reinsurance, analysts said Friday.

  • May 01, 2026

    Tony Blair Think Tank Floats Radical UK Pensions Shake-Up

    The U.K. government must ditch the triple lock and radically reform the wider state pension system, a think tank said Friday.

  • May 01, 2026

    Johnson Matthey Beats Fraud Claim Over £325M Pharma Deal

    Johnson Matthey defeated on Friday a claim that it acted fraudulently in the £325 million ($444 million) sale of one of its pharmaceutical businesses, despite a finding by a London court that the chemicals business had failed to disclose to the buyer significant details about the transaction.

  • May 01, 2026

    FCA Clears Verdane's £186M London Fintech Acquisition

    Britain's financial regulator has approved Swedish investor Verdane Fund Manager AB's £185.7 million ($253 million) acquisition of Augmentum Fintech, the venture capital trust said Friday.

  • May 01, 2026

    FCA Vows Robust Defense Of Car Finance Redress In Court

    The Financial Conduct Authority said on Friday that it will mount a robust defense of its £7.5 billion ($10.2 billion) motor finance redress scheme against four legal challenges so far from lenders and a consumer group.

  • May 01, 2026

    Santander Completes £2.9B TSB Bank Acquisition

    Banco Santander SA said Friday it has finalized its £2.86 billion ($3.9 billion) acquisition of TSB from Banco de Sabadell, in one of the biggest deals in Britain's banking sector in years.

  • April 30, 2026

    FRC To Set Tougher Audit Standards On Fraud Risks

    The Financial Reporting Council published its final revision on Thursday to incoming auditing standards for assessing the risk of fraud and a company's ability to keep operating in the foreseeable future, highlighting a demand for greater transparency in audit reporting.

  • April 30, 2026

    FCA Charges Ex-Mortgage Broker For Flouting Ban

    The financial services watchdog hit a former mortgage broker with criminal charges on Thursday over allegations that he was arranging mortgage contracts after being banned.

  • April 30, 2026

    SoftBank Unit Says Ex-Directors Duped It Into £2.5M Deal

    SoftBank Robotics UK has accused two former directors of a firm it co-owned of inflating earnings to trick it into buying their shares, hitting back at their £8 million ($11 million) claim that it wrongly forced them out.

  • April 30, 2026

    Pensions-Backed Schroders Fund Invests £100M Into UK Cos.

    Schroders Capital has said one of its investment vehicles has committed more than £100 million ($135.2 million) of pension capital and government-backed money to a range of British technology and artificial intelligence startups.

  • April 30, 2026

    Imprisoned Oligarch Denied Appeal Over $14B Asset Seizure

    Imprisoned oligarch Ziyavudin Magomedov can't revive his $14 billion claim that he was the victim of a Russian state-led conspiracy to strip his assets in two major port operators, after an appeals court rejected his latest challenge on Thursday.

  • April 30, 2026

    Gov't Vows To Broaden Scope Of Captive Insurance Regime

    The government has said it will introduce reforms to allow existing capital market structures to be used for the U.K.'s planned new captive insurance regime.

  • April 30, 2026

    Lazard To Buy HSF Kramer-Led Campbell Lutyens For $575M

    Lazard Inc. said Thursday that it will buy London-based Campbell Lutyens for $575 million to create a global private capital advisory unit.

  • April 29, 2026

    Ex-Jusan COO Claims He Blew Whistle On Embezzlement

    A former executive at Jusan Technologies, the British financial services holding company, is accusing the company of withholding money he was owed because of his whistleblowing on embezzlement.

  • April 29, 2026

    More UK Businesses Face Crisis Over Taxes, War, Report Says

    The number of U.K. businesses near collapse increased by almost 37% with rising taxes ahead of the economic fallout of the Iran war, an insolvency firm warned in a report Wednesday.

  • April 29, 2026

    Solicitor Fined Over £237M LC&F Mini-Bond Scheme Conflict

    A senior solicitor has been fined by a tribunal over an "obvious" conflict of interest by serving as both a bondholder trustee and as a legal adviser to a firm behind a collapsed £237 million ($320 million) mini-bond scheme that defrauded investors.

  • April 29, 2026

    Mercedes, VW Challenge FCA's £7.5B Motor Finance Plan

    Mercedes-Benz and Volkswagen have joined a group of four other entities challenging the lawfulness of the Financial Conduct Authority's £7.5 billion ($10 billion) motor finance redress system.

  • April 29, 2026

    Flagship Pension Reforms Clear Final Parliamentary Hurdle

    The government's planned pension reforms passed into law on Wednesday after ministers agreed to introduce last minute guardrails on controversial new powers.

  • April 29, 2026

    FCA Says Cos. Should Share Data To Combat Market Abuse

    The Financial Conduct Authority said Wednesday in its latest Market Watch newsletter that businesses must share customer information with each other on market abuse and other financial crime as far as the law allows.

  • April 29, 2026

    Uzbekistan Fund Shoots For $1.95B Valuation In London IPO

    Uzbekistan's sovereign wealth fund said Tuesday that it is aiming for a market capitalization of $1.95 billion in its London and Tashkent initial public offering.

  • April 29, 2026

    BoE Set To Bolster Funded Reinsurance Regulatory Oversight

    The Bank of England's regulatory arm floated measures on Wednesday that would see funded reinsurance transactions involving U.K. life insurance companies face enhanced regulatory requirements, amid fears its growing use poses wider risks to financial stability.

  • April 28, 2026

    FCA Eyes Overhaul Of APR Presentation In Loan Ads

    The Financial Conduct Authority launched Wednesday a review of the extent to which the annual percentage rate helps consumers understand borrowing costs, with proposals to change how these are communicated in loan ads.  

Expert Analysis

  • Sanctions Spotlight: Key Priorities Of OFSI's 3-Year Strategy

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    The Office of Trade Sanctions Implementation's 2026-2029 strategy to assist businesses by providing practical compliance advice and more predictable support will be welcomed, although the process for obtaining guidance and whether the ensuing information will be made publicly available remains unclear, says Alexandra Melia at Steptoe.

  • EU Risks Falling Behind With Delay In Digitization Rule Fixes

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    With financial organizations calling for the European Union to fast-track modifications to the Distributed Ledger Technology Pilot Regime and the EU signaling that tokenization is a permanent feature of the financial landscape, the sector needs to prepare for the now inevitable shift, says Antonio Lanotte at Futura Law.

  • Darchem Ruling Clarifies Status Of JV Members' Solo Claims

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    The High Court’s recent decision in Darchem Engineering v. Bouygues on whether individual members of an unincorporated joint venture can pursue claims against an employer provides a helpful road map for considering a JV's standing, and a reminder of the importance of contract construction, say lawyers at Squire Patton.

  • Insights From FCA's Latest Customer Due Diligence Review

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    The Financial Conduct Authority’s recent report on customer due diligence controls explains what distinguishes good policies and procedures from those that are lacking, and should encourage firms to check that their processes are detailed, practical and relevant to the business, say lawyers at Womble Bond.

  • Lessons From Spain's Decision Not To Enforce UK Judgment

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    In a recent ruling, a Barcelona court refused to recognize a €365 million U.K. judgment against Cerberus Capital, showing that a foreign decision may be sound, final and enforceable in its own jurisdiction, yet still be refused entry where it threatens to displace a dispute already before the Spanish courts, says Josep Galvez at 4-5 Gray’s Inn Square.

  • How New EU Third-Country Branch Rules Will Affect UK Banks

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    The European Union's new directive on third-country branch rules for non-EU banks will have a significant impact on U.K. banks, which will no longer be permitted to provide core cross-border services into the EU without a local presence, unless an applicable exemption or carveout applies, say lawyers at Farrer & Co.

  • Lessons From ESMA's Record €1.4M Trade Repository Fine

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    The European Securities and Markets Authority's recent fine against REGIS-TR for data and procedure breaches under Market Infrastructure and Securities Financing Regulations demonstrates that a license confers no immunity from sanctions, and that dually registered trade repositories face a greater financial exposure in the event of noncompliance, say lawyers at White & Case.

  • CMA's 5-Point Plan Signals Shift In Enforcement Priorities

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    The Competition and Markets Authority’s recently published annual plan is notable for a strong shift toward prioritizing U.K. enforcement of consumer protection laws, encouraging innovation and policing public procurement markets for anticompetitive conduct, which contrasts with previous plans that focused on competition in digital markets, complex merger review and sustainability, say lawyers at Cooley.

  • Responding To UK's New Late-Payment Enforcement Regime

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    The U.K. government’s recently announced crackdown on late payment marks a decisive shift from voluntary standards toward an enforcement-led framework designed to alter behavior by changing incentives, increasing accountability and introducing real consequences for persistent poor practices, say lawyers at Shoosmiths.

  • Unpacking HMRC's Decision To Delay Tax Adviser Regime

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    Lawyers at McDermott discuss why HM Revenue & Customs recently chose to delay the application of its tax adviser registration requirement to financial services firms, such as asset managers, as well as the onerous duties and responsibilities that the current legislation imposes.

  • What CMA Blog Reveals About Pricing Collusion Scrutiny

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    The Competition and Markets Authority's recent blog post announcing capabilities to screen for algorithmic collusion demonstrates that the regulator's concerns are crystallizing into enhanced investigative and enforcement actions, broadening the range of commercial arrangements at risk of antitrust scrutiny, say lawyers at Freshfields.

  • Carillion Fines Show FCA's Broad View Of Directors' Duties

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    The Financial Conduct Authority’s recent issuing of final notices to Carillion’s former group CEO demonstrates that executive directors cannot recklessly allow misleading public announcements that undermine market confidence, says Wendy Saunders at Lewis Silkin.

  • Assessing Potential Legal Claims From Private Credit Turmoil

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    Amid the downturn in the private credit markets spurred by multiple high-profile bankruptcies, a New York lawsuit stemming from the collapse of First Brands provides an important case study for investors to help minimize future losses and maximize any potential recovery in the event of a private credit default, say attorneys at Bleichmar Fonti.

  • What New FCA Rules Mean For Deferred Payment Providers

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    New rules from the Financial Conduct Authority requiring deferred payment credit providers to obtain a financial services license have two notable implications: providers will be subject to full compliance with the regulator’s consumer duty, and must meet its organizational and governance requirements, says Alix Prentice at Cadwalader.

  • FCA Stablecoin Sandbox Indicates Shift In Crypto Regulation

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    The Financial Conduct Authority’s recent decision to use four companies to test stablecoin models within its regulatory sandbox provides a mechanism for testing real-world use cases, and shines a light on the U.K.'s broader strategy in the context of global stablecoin legislation, says Ben Lee at Andersen.

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