The $6.4 billion Binance hack and HTX's U.K. exit following Financial Conduct Authority legal pressure show why regulators want greater oversight of overseas crypto exchanges while exposing the limitations in cross border enforcement, lawyers warn.
Crypto privacy tools are making it harder for U.K. authorities to combat money launderers and sanctions evaders, say lawyers who warn it bodes ill for the Financial Conduct Authority's new crypto regime.
Proposals by the Financial Conduct Authority to replace its senior managers regime approval process for some roles with company-led notifications of appointments to the regulator could create openings for bad apples, lawyers have warned.
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.
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The $6.4 billion Binance hack and HTX's U.K. exit following Financial Conduct Authority legal pressure show why regulators want greater oversight of overseas crypto exchanges while exposing the limitations in cross border enforcement, lawyers warn.
Crypto privacy tools are making it harder for U.K. authorities to combat money launderers and sanctions evaders, say lawyers who warn it bodes ill for the Financial Conduct Authority's new crypto regime.
Proposals by the Financial Conduct Authority to replace its senior managers regime approval process for some roles with company-led notifications of appointments to the regulator could create openings for bad apples, lawyers have warned.
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.
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November 03, 2026
First-time buyers can purchase newly built homes with a deposit of as little as 2.5% of the purchase price, backed by an interest-free loan for five years, the U.K. government said Tuesday.
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November 03, 2026
A former Nigerian governor convicted of money laundering failed in his bid to reduce his £101.5 million ($136.2 million) confiscation order, with the Court of Appeal holding Tuesday there is "nothing disproportionate" in accounting for inflation on money in frozen accounts.
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November 03, 2026
The Financial Conduct Authority said Tuesday that ESG ratings providers will need its authorization from 2028, as it aims to make the information investors rely on more transparent and reliable.
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November 03, 2026
The U.K.'s financial authorities said Tuesday they want to relax regulatory requirements for smaller credit unions and introduce more risk-sensitive capital rules for larger institutions to support growth, competition and innovation in the sector.
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November 03, 2026
Supermarket Income said Tuesday that it plans to raise £50 million ($67 million) by selling shares to retail and institutional investors as the landlord to major food retailers seeks cash for acquisitions.
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November 03, 2026
Lenders offering early compensation to customers affected by potentially mis-sold car finance must provide clear information about payouts and ensure settlements are worth the maximum available, the Financial Conduct Authority said Tuesday.
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November 02, 2026
HM Revenue & Customs is investigating how Boston Consulting Group's U.K. arm treats partners for income tax purposes, the company disclosed after a U.K. Supreme Court ruling allowing a hedge fund's managers to be taxed as employees.
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November 02, 2026
Organizations that deploy autonomous agents powered by artificial intelligence are still responsible for their use and compliance with existing legal and regulatory frameworks, four of the country's leading regulators have said.
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November 02, 2026
French lending giant BNP Paribas SA on Monday began repurchasing up to €1.3 billion ($1.45 billion) of its shares after receiving European Central Bank approval.
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November 02, 2026
The government is making more than £700 million ($940 million) available to developers to bring forward up to 10 major industrial and commercial sites as it seeks to attract private investment in Britain and boost reindustrialization.
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November 02, 2026
The Financial Conduct Authority on Monday identified numerous "weaknesses" in U.K. banks' use of artificial intelligence and financial crime controls, warning inadequate oversight, data management failures and gaps in risk assessments could expose firms to operational and regulatory risks.
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November 02, 2026
A Canadian passport maker is seeking to revoke a Thales patent, alleging in a London court that it had already developed and publicly demonstrated the technology at an industry conference a year before the French multinational sought patent protection.
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November 02, 2026
The Financial Conduct Authority outlined on Monday the scope of the review of its dealings with a whistleblower who committed suicide, which will include scrutiny of whether it followed required standards and internal procedures.
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October 30, 2026
The record $6.3 billion hack of Binance is likely to test customers' faith in the cryptocurrency giant, with its ability to repay losses and willingness to take steps to strengthen its cyber defenses poised to shape whether investors stick with the platform.
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October 30, 2026
Irwin Mitchell LLP defeated a negligence claim worth over £1.4 million ($1.9 million) by a finance broker, with a court holding Friday that the law firm was right to advise its former client to settle two meritless claims.
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October 30, 2026
HM Revenue & Customs set out new penalties for promoters of certain tax avoidance schemes in guidance published Friday.
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October 30, 2026
A London appeals court has set aside a bankruptcy order against a former Russian company executive, ruling that a lower judge wrongly rejected his challenge to the judgments underpinning the petition amid allegations of judicial bias.
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October 30, 2026
Russia's VTB Bank on Friday lost its challenge against changes to a U.K. sanctions license affecting its claim for more than £205 million ($275 million) in the administration of its British subsidiary, although an appeals court left open how much the lender may ultimately recover.
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October 30, 2026
The past week in London has seen British-Georgian business executive George Howard Richmond file a claim against high-profile individuals including former Georgian President Mikheil Saakashvili and the Mittal family, a DP World subsidiary file the latest claim in ongoing litigation with the Republic of Djibouti, and the U.S. government bring a claim against the owners of cargo ship M.S. Solong.
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October 30, 2026
Cryptocurrency giant Binance said Friday that $6.3 billion in digital assets had been stolen in a suspected hack that could be the largest on record.
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October 30, 2026
Spanish airline Volotea has been granted protection from creditors' actions within England and Wales while it negotiates a restructuring plan to avoid insolvency.
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October 30, 2026
The European Banking Authority has recommended that the bloc's policymakers scrap two sustainability reporting indicators for lenders, arguing that they offer limited useful information while creating significant "operational challenges."
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October 29, 2026
A Frasers Group unit lost its bid to overturn assessments that it owed value-added tax of £5.6 million ($7.4 million) when a London court ruled that the company's marketing photos were linked to taxable retail sales and consumer credit.
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October 29, 2026
The European Union's pensions and insurance watchdog on Thursday said persistent geopolitical tensions remain the key source of financial risk for retirement savings schemes across the bloc.
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October 29, 2026
The Bank of England proposed guidance on Thursday on how clearing houses can accept digital tokens representing assets, such as cash or government bonds, as security against potential losses.