Financial Services UK

  • April 24, 2026

    FCA Leads Global Crackdown On Illegal 'Finfluencers'

    The Financial Conduct Authority said Friday that it has spearheaded a week of global action to stop illegal "finfluencers" who put consumers' money at risk.

  • April 24, 2026

    EU Sanctions 20 More Russian Banks, Crypto, Shipping

    The European Union said Friday that it has hit Russia with a fresh round of sanctions that target financial services, including cryptocurrency companies, as part of a broader package.

  • April 24, 2026

    Father Admits He Misled Sons Amid £5M Row Over Loan

    The father of two brothers accused of owing almost £5 million ($6.8 million) in outstanding payments on an investment loan has admitted that he misled them, but has denied liability for the lender's claimed loss.

  • April 23, 2026

    Tax Barrister Suspended After Failed Libel Claim

    A tax barrister has been suspended from practice until 2027, the bar regulator has said, following the failure of his £8 million ($10.8 million) libel claim against former Clifford Chance LLP partner Dan Neidle.

  • April 23, 2026

    WealthTek Clients To Get £19M Compensation From Adviser

    The Financial Conduct Authority said Thursday that investment adviser Sapia Partners LLP has agreed to pay £19.6 million ($26.5 million) to clients of WealthTek, a wealth manager that has since collapsed, after failing to protect client money.

  • April 23, 2026

    Ex-RBS Banker Gets Prison For Soliciting £274K In Bribes

    A Scottish court has sentenced a former Royal Bank of Scotland banker to 21 months imprisonment for soliciting £274,000 ($370,000) in bribes from business clients while working in the bank's Global Restructuring Group in the wake of the 2010 financial crisis.

  • April 23, 2026

    Ex-Minister Sounds Alarm As Lords Clash On Pensions Bill

    The government's flagship pensions legislation could fail unless representatives agree on a final draft before next week, a former pensions minister has warned.

  • April 23, 2026

    BoE Pushes Banks To Combat Anthropic Mythos-Type AI Risk

    The Bank of England and UK Finance have warned banks and insurers to strengthen their cyber defenses by using artificial intelligence, in response to threats shown by emerging frontier AI models such as Anthropic's Mythos.

  • April 23, 2026

    UK Banks, Insurers Join Gov't Retail Investing Drive

    A group of 20 leading financial firms including Barclays, HSBC and Aviva launched a nationwide drive backed by the Treasury and Financial Conduct Authority on Thursday to encourage U.K. savers to invest their cash.

  • April 23, 2026

    Gov't Pulls Plug On Capita's Royal Mail Pensions Contract

    The government has canceled Capita PLC's contract to administer the statutory pension plan of Royal Mail because of delays by the outsourcer that mirrored its management of the civil service retirement plans.

  • April 22, 2026

    Class Rep Seeks To Revive £2.7B FX Claim As Opt-In Action

    A competition law consultant is fighting to relaunch a £2.7 billion ($3.65 billion) class action against major banks over alleged foreign exchange-rigging as an opt-in claim after a tribunal rejected it as an opt-out case.

  • April 22, 2026

    Lenders Say Group Motor Finance Case Should Be Split Up

    Several car finance providers sought on Wednesday to overturn a ruling that allows more than 5,000 customers to bring claims against them as a group, arguing at the Court of Appeal that they should be forced to bring the claims individually.

  • April 22, 2026

    Kirkland-Led Wendel Takes Control Of Rival In €386M Deal

    European investment firm Wendel said Wednesday that it has acquired a controlling 56% stake in global private investor Committed Advisors from its founders for approximately €386 million ($453 million), strengthening its asset management platform and presence in the secondary markets.

  • April 22, 2026

    FCA Leads 1st Raids On Illegal Crypto Traders

    The Financial Conduct Authority said Wednesday that it has led its first operation with other enforcement agencies to disrupt illegal peer-to-peer cryptocurrency trading in locations across London.

  • April 22, 2026

    Regulators Cut Burden On Senior Managers In Rule Changes

    The Financial Conduct Authority and Prudential Regulatory Authority set out on Wednesday finalized reforms to the Senior Managers and Certification Regime that will reduce costs and increase flexibility for businesses.

  • April 22, 2026

    FCA Faces Challenge Over Motor Finance Redress Formula

    A consumer organization said Wednesday that it will bring a legal challenge to review how the Financial Conduct Authority's £7.5 billion ($10 billion) motor finance redress system is calculated, the first time such a program has been tested.

  • April 22, 2026

    Sweden's Norion Builds Wealth Manager Offering With Deal

    Swedish bank Norion said in a statement Wednesday that it will buy investment company Strand Kapitalförvaltning AB as it seeks to build up its wealth management offering to 15 billion Swedish kronor ($1.6 billion) of assets under management.

  • April 22, 2026

    Pensions Regulator Names New Chair Amid Reforms

    The government has appointed Emma Douglas as the new chair of The Pensions Regulator, placing a veteran industry figure at the helm of the watchdog during a period of wide-ranging reform.

  • April 21, 2026

    EU Adopts Anti-Corruption Law With 5% Turnover Fines

    The European Union gave the final go-ahead Tuesday to a new directive on combating corruption, with fines of up to 5% of world turnover or €40 million ($47 million), adding a potential aggravating factor if offenders are banks or law firms.

  • April 21, 2026

    Greece Defends Crisis-Era €62B Bond Call At Trial

    Greece urged a London court on Tuesday to confirm the validity of its buyback of GDP-linked bonds first issued for €62.4 billion ($73 billion) in 2012 during the country's debt crisis, on the first day of a trial against the bonds' trustee.

  • April 21, 2026

    Insurer Royal London Launches 'Targeted Support' Service

    Royal London has become the first British company to launch a tailored investment advice service for its customers under the new "targeted support" regime designed by the financial regulator to bridge the gap between free guidance and personalized advice.

  • April 21, 2026

    CMS, Eversheds Steer Superfund Clara On £43M Pension Deal

    Defined benefit superfund Clara-Pensions said Tuesday that it has completed a pension deal worth £43 million ($58 million) for film industry company Videndum PLC, guided by Cameron McKenna Nabarro Olswang LLP and Eversheds Sutherland.

  • April 21, 2026

    FCA Picks 8 More Companies To Test AI On Customers

    The Financial Conduct Authority said Tuesday that it has chosen Barclays, Lloyds Banking Group's Scottish Widows, UBS and five other companies for a second round of live testing of artificial intelligence on real customers.

  • April 21, 2026

    Law Commission Mulls New Consumer Class Action Regime

    The Law Commission has said that it is considering the introduction of a new class action regime for consumer law claims that could replicate the collective proceedings system at the Competition Appeal Tribunal.

  • April 21, 2026

    EQT Raises $15.6B For Asia-Pacific Private Equity Fund

    EQT AB said Tuesday that it has raised $15.6 billion for a fund that will give investors in the Swedish private equity firm access to technology and healthcare companies in the Asia-Pacific region.

Expert Analysis

  • Petrofac Ruling Shifts Focus To Fairness In Restructurings

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    The recent Court of Appeal overturning of Petrofac's restructuring plans demonstrates a change of direction that will allow previously ignored out-of-the-money creditors a share in the benefits, and means companies must review the fair treatment of different creditor classes, say lawyers at King & Spalding.

  • Europe's New Defense Push Creates Investment Prospects

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    Recent increases in European defense expenditure and governments' desire to innovate are creating a compelling environment for investment and merger and acquisition activity, especially for small and midsize enterprises at the forefront of emerging technologies, say lawyers at Skadden.

  • Key Considerations For Issuers In FCA Prospectus Reform

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    The Financial Conduct Authority’s forthcoming reform of the U.K. prospectus regime should be attractive to both debt and equity issuers because it limits the circumstances in which a costly prospectus is required, making it easier and cheaper for listed companies to raise capital, say lawyers at Sullivan & Cromwell.

  • How Top Court Ruling Limits Scope Of Motor Finance Claims

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    The U.K. Supreme Court’s recent ruling in a landmark case concerning car finance commissions clarifies when and how a dealership’s fiduciary duties arise, considerably narrowing that path for mass consumer litigation and highlighting how an upcoming Financial Conduct Authority redress scheme will seek to balance consumer, lender and market interests, say lawyers at Cadwalader.

  • FCA Misconduct Guide Will Expand Firms' Duty To Investigate

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    The Financial Conduct Authority's recent proposals on workplace nonfinancial misconduct will place a greater onus on compliance and investigations teams, clarifying that the question to ascertain is whether the behavior is justifiable and proportionate, say lawyers at Ashurst.

  • Lessons From Landmark UK Supreme Court Libor Ruling

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    The U.K. Supreme Court’s recent quashing of former traders Hayes and Palombo’s interest rate rigging convictions on the ground of jury misdirection raises concerns about failings in the criminal appeal process, and whether encouraging institutions to accept regulatory settlements can create conditions for miscarriages of justice, says Ellen Gallagher at Vardags.

  • Mansion House Speech Heralds New Financial Regulatory Era

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    The chancellor of the exchequer's recent Mansion House speech introduced a sweeping commitment to modernize regulation, which will require U.K. retail banks and building societies to revisit core assumptions, and allow lawyers to play a key role in shaping the new rules, say lawyers at Addleshaw Goddard.

  • Challenges For Managers In Navigating Continuation Funds

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    With continuation vehicles becoming an increasingly popular alternative to traditional private equity investment exit routes, managers and lenders should be confident that they understand a transaction’s structure and how it interacts with existing debt arrangements, says Jason Larkins at Travers Smith.

  • Key Points From EU Proposals To Ease Securitization Rules

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    The European Commission’s recently proposed securitization framework amendments aim to relax existing rules, such as by reducing due diligence requirements and removing the need for investors to conduct certain prescribed compliance verifications by sponsors or original lenders, say lawyers at McDermott.

  • Challenges Law Firms Face In Recruiting Competitor Teams

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    Since the movement of lawyer teams from a competitor can bring legal considerations and commercial risks into play, both the target and recruiting firms should be familiar with the relevant limited liability partnership deed to protect their business, say lawyers at Fox & Partners.

  • High Court Elects Substance Over Form In Arbitration Dispute

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    The High Court recently found that an arbitral tribunal has jurisdiction over the dispute in Ras Al Khaimah Investment Authority v. India, underscoring the importance of aligning treaty interpretation with the goal of fostering investment, while rejecting interpretations that unduly limit investor protections, says Josep Galvez at 4-5 Gray's Inn.

  • What New UK Stub Equity Rules Will Mean For PE Bidders

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    The U.K. Takeover Panel’s recent guide to making stub equity offers, for the first time formally harmonizing the approach to be taken, should be helpful for both private equity bidders and practitioners, and not unduly restrictive, say lawyers at Davis Polk.

  • What To Expect As FCA Preps To Launch AI Testing Service

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    The Financial Conduct Authority’s forthcoming artificial intelligence live testing service will provide participants with access to appropriate regulatory expertise, but to gauge the tool’s potential utility, it is important to understand how it fits in with what the regulator is already doing, says Omar Salem at Fox Williams.

  • New Interpol Silver Notice Could Be Tool For Justice Or Abuse

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    Interpol has issued dozens of Silver Notices to trace and recover assets linked to criminal activity since January, and though the tool may disrupt organized crime and terrorist financing, attorneys must protect against the potential for corrupt misuse, say attorneys at Clark Hill and Arktouros.

  • Weighing PE Transaction Risks As EU AI Act Rolls Out

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    As the European Union Artificial Intelligence Act becomes effective in stages, legal practitioners involved in private equity deals should consider the transactional risks resulting from this measure, including penalties, extraterritorial reach and target-firm applicability, say lawyers at Covington.

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