Financial Services UK

  • February 20, 2026

    EU Regulator Slaps REGIS-TR With Record €1.4M Fine

    The European Union markets regulator has fined REGIS-TR a record €1.37 million ($1.61 million) for rule breaches that put at risk the confidentiality of trading data essential for surveillance of the market by watchdogs, the highest penalty it has yet imposed on a trade depository.

  • February 20, 2026

    HSF Kramer-Led Swiss Re To Buy QBE Business Segment

    Swiss Re Group said Friday its commercial insurance division has agreed to acquire the global trade credit and surety business of Australia's QBE Insurance Group, to satisfy growing demand for its risk management services.

  • February 20, 2026

    Quinn Emanuel Client Can't Block Ex-Staffer's Abusive Emails

    An appeals court rejected a bid by a Quinn Emanuel client on Friday to prevent a former employee from sending abusive messages to the firm's lawyers, saying that it could have pursued proceedings itself to stop the harassment.

  • February 19, 2026

    Payment Co. Founder Denied Relief In Whistleblower Case

    A tribunal has refused interim relief to the former owner of a payment services company, finding that his claim he was dismissed for blowing the whistle on breaches of Financial Conduct Authority regulations is not likely to succeed at this stage of the litigation.

  • February 26, 2026

    UK Finance Trade Body Hires Ex-KPMG General Counsel

    The Finance & Leasing Association said Thursday that it has recruited a former KPMG general counsel to bolster its legal and governance capability amid growing regulatory scrutiny of the sectors it represents.

  • February 19, 2026

    Ex-Commerzbank Analyst Trims Prison Time For Fake Claims

    The Court of Appeal overturned on Thursday a 20-month prison sentence for a former Commerzbank AG analyst who lied about having been sexually harassed and assaulted by a colleague.

  • February 19, 2026

    Fridman Relies On Sanctions Travel Ban To Beat $11M Claim

    Sanctioned Russian-Israeli banker Mikhail Fridman was not validly served at his London mansion with a claim in an $11 million battle over a loan notes investment because he was banned from the U.K., a London appeals court ruled Thursday. 

  • February 19, 2026

    Bank Of Ireland Fined £3.7M Over Year-Late Fraud Safeguard

    The Payment Systems Regulator revealed Thursday that it has fined Bank of Ireland UK PLC more than £3.7 million ($5 million) for missing a deadline by 14 months to put in place an account name-checking service to combat the risk of fraud.

  • February 19, 2026

    ICO Wins 'Personal Data' Appeal Over Currys Cyberattack

    A London appeals court ruled Thursday that data stolen in a cyberattack on electronics retailer Currys was personal data because Currys could identify the data subjects even if the hackers could not.

  • February 19, 2026

    FCA Chief Rathi Wants Shift Away From New Rules

    The Financial Conduct Authority will seek to make fewer new rules on the sectors it regulates, its chief executive has said, amid political pressure on the watchdog to do more to support U.K. economic growth.  

  • February 19, 2026

    EU Watchdog To Update Guidance On Inside Information

    The European Union markets watchdog proposed Thursday to simplify guidelines on delaying disclosure of inside information under the market abuse regime, in order to reduce the burden for companies listing on stock exchanges.

  • February 19, 2026

    Spread-Betting Biz Fights Order To Unwind Merger With Rival

    Sports betting company Spreadex urged the Competition Appeal Tribunal on Thursday to quash an order forcing it to sell a business it acquired in 2023, saying it was wrong to find that the merger would threaten competition.

  • February 18, 2026

    Visa, Mastercard Can't Avoid Swipe Fee Claims Pass-On

    Mastercard and Visa lost a bid on Wednesday to fend off a class action from retailers over unlawful card payment fees by arguing that the merchants didn't suffer loss because they passed on the charges.

  • February 18, 2026

    'Reckless' Pensions Bosses Lose Bid To Overturn FCA Ban

    A London tribunal has upheld a decision by the financial services regulator to ban two pensions company bosses from working in the sector after concluding that they had "recklessly" funneled savers' money into a high-risk property investment.

  • February 18, 2026

    EU Regulator Sees Risk In Simplified Sustainability Rules

    A markets watchdog called on lawmakers Wednesday to adjust proposed revisions to European sustainability reporting standards to better protect consumers and stop the risk of greenwashing.

  • February 18, 2026

    CMS, Gowling Steer £113M Pension Deal For EU Tech Firm

    European technology giant Sopra Steria Ltd. has agreed to a £113 million ($154.4 million) buy-in with Pension Insurance Corp. PLC to secure long-term retirement income for its program's 355 members, the insurer said Wednesday.

  • February 18, 2026

    Pensions Watchdog Taps Temporary Market Oversight Chief

    Britain's retirement savings watchdog said on Wednesday that it has appointed Ben Gunnee as its next interim executive director of market oversight.

  • February 18, 2026

    Taylor Wessing Steers £11M Energy Consultancy Pension Deal

    The pension plan for Noble Denton, an adviser to the oil and gas exploration industry, has agreed to a full scheme buy-in worth £11.4 million ($15.5 million), securing the retirement benefits of 106 members, an insurer broker has said.

  • February 18, 2026

    Sackers, WTW Steer £700M IBM Pension Scheme Buy-In

    The U.K. pension plan of a subsidiary of International Business Machines Corp. has completed a £700 million ($950 million) buy-in transaction, securing the retirement benefits of more than 3,600 members, Standard Life said on Wednesday.

  • February 17, 2026

    Osborne Clarke, CMS Guide £180M Tech Biz Pension Deal

    Pension insurer M&G has taken on £180 million ($243.3 million) in retirement savings liabilities from a scheme sponsored by high technology components manufacturer, in a deal guided by Osborne Clarke and CMS, an adviser on the transaction has said.

  • February 17, 2026

    Deutsche Bank, Ex-Trader Settle Over Monte Dei Paschi Case

    Deutsche Bank has settled a commercial fraud claim brought by a former trading head over his wrongful conviction for aiding false accounting and market manipulation in one of Italy's biggest financial scandals.

  • February 17, 2026

    BoE Aims To Cut Costs With New Securitization Rules

    Britain's finance watchdogs proposed on Tuesday to simplify rules on securitizations, slashing industry compliance costs and boosting international competitiveness.

  • February 17, 2026

    Fitch Predicts Rise In European Insurance M&A In 2026

    The European insurance market could see a wave of further mergers and acquisitions this year, a ratings agency said Tuesday.

  • February 17, 2026

    Ex-Investment Fund Director Denies Alleged £20M Fraud

    A former investment fund director pleaded not guilty to criminal fraud and forgery charges at a London court on Tuesday over allegations that he orchestrated a years-long fraud worth up to £20 million ($27 million).

  • February 17, 2026

    DLA Piper Steers L&G On Three Bulk Annuity Purchases

    ​Legal & General has helped secure £86 million ($117 million) of pension liabilities across a U.K. manufacturing and construction group's three retirement programs, Broadstone said Tuesday.

Expert Analysis

  • What EU Securitization Proposals Signal For Risk Transfers

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    If implemented, recent amendments to the European Union securitization framework are expected to have an unambiguously positive effect on significant risk transfer markets, providing greater consistency and necessary flexibility, say lawyers at McDermott.

  • Role Of UK Investment Act Is Evolving In M&A Deals

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    With merger and acquisition activity likely to increase in light of the government’s new defense industrial strategy, the role of the National Security and Investment Act will come into sharper focus, and its recent annual report confirms that scrutiny is intensifying, say lawyers at Kingsley Napley.

  • What To Know About EU's Reimposition Of Sanctions On Iran

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    Lawyers at Steptoe discuss the European Union’s recent reimposition of trade and financial sanctions against Iran, which will introduce legal and operational constraints that affect EU companies' commercial activities in the region.

  • FCA Crypto Proposals Herald Tougher Oversight For Firms

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    The Financial Conduct Authority’s recent proposals to extend regulation to crypto-asset activities will bring parity, but implementation of the operational resilience requirements and enhanced financial crime controls will present compliance challenges, says Michelle Kirschner at Gibson Dunn.

  • EU Investment Reporting Rules Letup Signals Pragmatic Shift

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    While investment companies remain subject to far-reaching disclosure obligations under the Foreign Subsidies Regulation, new guidance from the European Commission on reporting passive limited partner commitments represents a drastic simplification and burden reduction, say lawyers at Paul Weiss.

  • SFO's 2-Year Transformation Signals Crackdown On Fraud

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    Two years after Nick Ephgrave’s appointment as director of the Serious Fraud Office, the introduction of new corporate criminal offenses and strengthened investigative methods sends a clear message to corporations that the agency is delivering on its promise to be bolder and more proactive about tackling fraud, say lawyers at BCL Solicitors.

  • What To Know About Interim Licenses In Global FRAND Cases

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    Recent U.K. court decisions have shaped a framework for interim licenses in global standard-essential patent disputes, under which parties can benefit from operating on temporary terms while a court determines the final fair, reasonable and nondiscriminatory terms — but the future of this developing remedy is in doubt, say attorneys at Fish & Richardson.

  • How EU And UK Consumer Loan Protections Are Shifting

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    As market evolution and digitalization motivate both the European Union and the U.K. to revamp consumer protections around lending, the potential for divergence between these rules will pose new challenges for cross-border consumer credit lenders, say lawyers at Skadden.

  • EBA Guidance Shakes Up EU Securitization Market Practices

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    Although the European Banking Authority’s recent questioning of the common use of conditional sale agreements to season assets when setting up securitizations has come as an unwelcome surprise, competent regulators are expected to follow the EBA guidance, even though as a Q&A response it is not legally binding, say lawyers at Debevoise.

  • Landmark VAT Ruling Should Shift HMRC Reply On Guidance

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    The recent decision in Hotelbeds Ltd. v. Revenue and Customs Commissioners on the recovery of input tax, confirming that HMRC is bound to comply with its own guidance, will make the agency rethink its usual response to allegations that the policy was not law, say lawyers at Kennedys.

  • Evolving General Partner Stakes Market Brings Opportunities

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    The rapid increase in investment in general partner stakes by private capital managers indicates its advantages over both strategic sales and initial public offerings, including the ability to retain greater operational control over the business and to avoid the scrutiny that accompanies a listing, says Nicholas Page at Macfarlanes.

  • How UK Proposal On Late Payments Could Affect SMEs

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    The U.K. government’s ongoing late payments consultation would claw back much-needed leverage for small and midsize enterprises negotiating with large organizations, should the reforms be implemented as proposed, say lawyers at Shoosmiths.

  • Waldorf Ruling Signals Recalibration For Restructuring Plans

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    The recent High Court landmark judgment refusing to sanction Waldorf Production PLC's restructuring plan underscores a change in the way courts assess whether such plans are fair, indicating not their demise but a pivotal moment in their evolution, say lawyers at Simpson Thacher.

  • Key Points From UK And Japan's Antitrust Cooperation Pact

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    The memorandum of cooperation recently signed between the U.K. and Japan to promote collaboration in competition law enforcement is a meaningful step that offers cross-border businesses an improved foundation for earlier alignment and better risk management, say lawyers at Steptoe.

  • Opinion

    New US-UK Tech Deal Offers Opportunities To Boost Growth

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    The recently announced U.S. and U.K. Technology Prosperity Deal, encouraging businesses on both sides of the Atlantic to work together toward technological advance, will drive both investment in U.K. capabilities and returns for U.S. investors, says Peter Watts at Hogan Lovells.

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