Financial Services UK

  • April 02, 2026

    Ex-Centerview Banker Inks DPA To End Insider Trading Case

    A former Centerview Partners investment banker on Thursday secured a deferred prosecution agreement with Manhattan federal prosecutors that will likely resolve her U.S. legal troubles stemming from her alleged role in a global insider trading ring that made tens of millions of dollars in illicit profits.

  • April 02, 2026

    Inheritance Tax Changes To Hit Investment, Advisers Warn

    The U.K. government's plans to slash tax relief for inheritance tax on agricultural and business property coming into effect Monday will hit investors and family businesses, advisers told Law360.

  • April 02, 2026

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

    The past week in London has seen data giant Sportrader face action from software company Altenar over alleged market abuse, Mexican billionaire Ricardo Pliego sue a man who allegedly defrauded him out of $415 million, and Warner Bros. bring a copyright claim against a YouTuber who leaked set footage of the upcoming Harry Potter series. Here, Law360 looks at these and other new claims in the U.K. 

  • April 02, 2026

    Ex-Deutsche Execs Seek £700M Over Scapegoating Claims

    Four former Deutsche Bank executives who were wrongly convicted have sued the lender for £700 million ($920 million), accusing it of scapegoating them in a move to conceal its historical accounting errors in one of Italy's biggest financial scandals.

  • April 02, 2026

    Group Calls For Tougher FCA Rules On Big Investor Conflicts

    A trade body called Thursday for the Financial Conduct Authority to close loopholes in its rules exposed by hedge fund Saba Capital's aim to replace Baillie Gifford as investment manager for Edinburgh Worldwide Investment Trust.

  • April 02, 2026

    UK Regulators Plan Boost To High-Value Mortgage Lending

    Britain's finance regulators have proposed rule changes that would allow individual lenders to increase the volume of residential mortgages they offer that are large compared with the borrower's income, which would boost lending and growth.

  • April 02, 2026

    Zimbabwe Minister Says $102M Libyan Bank Claim Is Too Late

    Zimbabwe's minister of finance has denied liability in a claim by Libya's central bank for $102 million over an unpaid loan to a Zimbabwean state-owned fuel distribution company, arguing that the case is time-barred.

  • April 02, 2026

    Stephenson Harwood Steers £40M Canada Life Pension Buy-In

    Canada Life Ltd. said Thursday that it has completed a £40 million ($53 million) full-scheme buy-in with a pension program at a financial services company, securing the retirement benefits of more than 140 members.

  • April 02, 2026

    Investors Settle £4.3M Case Against Tax Refund Lender

    Two investment companies that sued a tax refund lender and its directors for more than £4.3 million ($5.7 million) in unpaid debt have agreed to settle their case.

  • April 02, 2026

    FRC Ends Probe Into KPMG Audit Of Ladbrokes Owner Entain

    The accounting watchdog said Thursday that it has closed its investigation into KPMG LLP's audit of the 2022 consolidated financial statements of international betting company Entain PLC and will not bring enforcement action.

  • April 01, 2026

    FCA's Palantir Tie-Up May Foreshadow Wider AI Uptake

    The Financial Conduct Authority's decision to open its doors to Palantir could write the script for other agencies to follow as law enforcement and regulators embrace artificial intelligence technology to do more with less, lawyers say.

  • April 01, 2026

    Sports Biz Owners Defeat JV's Fraud Claim Over $715M Deal

    The former owners of a collapsed sports media business have defeated a fraud claim after a court found they had not misrepresented the financial health of the company to convince a joint venture to buy a majority stake for $715 million.

  • April 01, 2026

    BoE Finds More Finance Firms Challenged By AI

    The Bank of England reported Wednesday a significant rise in industry views that artificial intelligence is the most challenging risk to manage and the most likely to happen as it published its latest survey on protecting the stability of the financial system.

  • April 01, 2026

    Dentons Snaps Up Kirkland Lawyer In London

    Dentons said Wednesday that it has appointed Kirkland & Ellis International LLP lawyer Jack Donelan as a corporate partner in London, a move it expects will strengthen its practice.

  • April 01, 2026

    BoE Hands Plan For Safe AI Regulation In 2026 To Chancellor

    The Bank of England set out in a letter to the chancellor on Wednesday the details of a regulatory program to facilitate safe innovation in the artificial intelligence industry.

  • April 01, 2026

    Justices Undo Finance Co.'s Liability For Investment Losses

    A financial company cannot be held liable for £1.7 million ($2.3 million) in losses from failed property investments, Britain's top court ruled Wednesday, finding that it wasn't responsible for the actions of the firm it appointed to set up the projects. 

  • April 01, 2026

    British Business Bank Raises £200M For Venture Capital Fund

    British Business Bank said Wednesday that its venture capital investment vehicle has achieved its first close of £200 million ($266 million) after winning backing from three U.K. pension funds.

  • April 01, 2026

    Asset Manager Beats Ex-VP's Appeal Over Ill-Health Firing

    An asset management firm has persuaded a London appeals tribunal to reject the latest attempt by a former senior vice president to show that his dismissal for ill health was an act of disability discrimination.

  • April 01, 2026

    Mega-Deals Hit Record In 1st Quarter Of 2026, WTW Says

    Global mergers and acquisitions rebounded "with a vengeance" in the first three months of 2026, Willis Towers Watson said Wednesday, fueled by a record number of blockbuster transactions even though corporate buyers face global geopolitical turmoil and market volatility.

  • April 01, 2026

    Mercia Asset Management Launches £3M Buyback Program

    Mercia kicked off on Wednesday a share buyback program worth up to £3 million ($4 million) to return cash to the asset manager's investors and reduce share capital.

  • April 01, 2026

    Japan Post To Take 2.9% Stake In UK Asset Manager

    ​Investment manager Ashmore Group has agreed a partnership with Japan Post Insurance Co. Ltd. in which the insurer would acquire a stake of up to 2.9% in the group and invest $1 billion in its managed emerging market funds.

  • April 01, 2026

    Fintech Biz IG Kicks Off 1st Phase Of £125M Share Buyback

    IG Group Holdings PLC rolled out a share repurchase program worth up to £62.5 million ($83 million) on Wednesday, the first phase of the financial technology company's wider £125 million buyback plan designed to downsize its share capital.

  • March 31, 2026

    57% Of Pension Plans Mull Surplus Extraction, L&G Says

    Some 57% of defined benefit pension schemes in the U.K. are considering using surplus extraction amid rising funding levels and forthcoming legislation designed to allow plans to invest billions of pounds tied up in retirement saving plans, Legal & General said Tuesday.

  • March 31, 2026

    FCA Auto Finance Redress Plan Open To Legal Challenge

    Banks and vehicle financing companies are expected to mount legal challenges to the Financial Conduct Authority's £7.5 billion ($9.9 billion) motor finance compensation program, threatening to capsize the plan and probably delay its implementation for months.

  • March 31, 2026

    Dispute Funder LCM Warns Of Uncertainty After Case Losses

    Litigation Capital Management Ltd. said Tuesday that there is still "material uncertainty" over whether the Australian disputes funder can continue to receive support from its lender, as it looks to recover after investing in a series of loss-making cases.

Expert Analysis

  • How To Navigate AI M&A Risks, Compliance In Europe

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    As the artificial intelligence industry continues to witness substantial M&A transactions in Europe, parties should be mindful of the unique challenges posed by the acquisition of intangible AI technologies, monitor the evolving regulatory landscape, and establish optimal mechanisms for risk allocation, say lawyers at Morgan Lewis.

  • What To Expect From UK Prospectus Regime Changes

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    The new U.K. prospectus regime for trading on regulated markets, effective Jan. 19, aims to streamline processes and reduce costs, but a significant shift in structuring and disclosure obligations will increase pressure on practitioners to manage risk under tighter timelines, say lawyers at Baker Botts.

  • 10 Financial Regulatory Changes To Prepare For In 2026

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    A number of changes in the financial regulatory sphere are due this year, from targeted support to payment safeguarding and a new consumer composite investments regime, and firms should plan to address the policies and regulatory strategies relevant to them, say lawyers at Womble Bond.

  • How Gov't AML Supervision Reform Will Affect Law Firms

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    In confirming that the Financial Conduct Authority will become the single supervisor for professional services, HM Treasury’s planned reform of the U.K.’s anti-money laundering and counter-terrorist financing supervision regime marks a significant change for the legal profession, signaling a greater emphasis on evidence and accountability, says Harriet Holmes at Thirdfort.

  • EU Financial Regulation Trends Cos. Need To Watch In 2026

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    An ever-increasing number of initiatives on the European Union regulatory agenda, with simplification and consistent implementation being priorities, means financial services businesses with a footprint in the EU or seeking to establish one will face significant challenges and strategic opportunities, say lawyers at Taylor Wessing.

  • What To Expect From UK, EU Crypto Regime Changes In 2026

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    With 2025 marking the first operational year of the European Union’s Markets in Crypto-Assets Regulation and the U.K.’s rules reaching their final legislative form, the two jurisdictions are converging in focus, but structural design differences mean firms active in both markets will require dedicated documentation to ensure compliance, say lawyers at Morgan Lewis.

  • What Cos. Can Expect From CMA Consumer Protection Drive

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    The Competition and Markets Authority’s recently launched consumer protection drive targeting banned online sales practices focuses on supporting compliance rather than on enforcement, although firms should expect this to change once businesses have had time to adapt to the regulator's new regime, say lawyers at Baker Botts.

  • Preparing For UK's New Tax Fraud Whistleblower Program

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    With the U.K. government introducing a U.S.-style whistleblower incentive scheme to tackle high-value tax avoidance and evasion, companies should take proactive steps and establish clear protocols to mitigate the potential increase in tax investigations, say lawyers at Skadden.

  • Key Trends Shaping ESG And Sustainability Law In 2026

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    2025 saw a chaotic regulatory landscape and novel litigation around environmental, social and governance issues and sustainability — and 2026, while perhaps more predictable, will likely be no less challenging, with more lawsuits and a regulatory tug-of-war complicating compliance for global companies, say attorneys at Crowell.

  • Digital Regulation In EU And UK: The Enduring 2025 Themes

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    With EU and U.K. digital regulation becoming an operational reality in 2025 and no sign of slowing in 2026, organizations need to embed content moderation, cybersecurity and data access obligations into their compliance structures, although legislative divergences mean that multinational businesses must also consider parallel and sometimes conflicting expectations, say lawyers at Morrison & Foerster.

  • FCA Enforcement Trends In 2025 And Expectations For 2026

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    The Financial Conduct Authority’s clear intention in 2025 to conduct fewer, faster investigations and reinforce transparency is likely to continue in 2026, with a dual-pronged approach of targeted enforcement and assertive supervision to fight crime, support growth and help consumers as its priorities, say lawyers at WilmerHale.

  • Judicial AI Guidance Update Shows Caution Still Prevails

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    The judiciary’s recently updated guidance on the use of artificial intelligence warns judges and tribunal members about misinformation and white text manipulation, providing a reminder that AI tools cannot replace direct engagement with evidence and reflecting a broader concern about their application when handling confidential material, say lawyers at Hogan Lovells.

  • Freezing Orders Maintain Their Impact 50 Years On

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    Freezing orders, created in Mareva v. International Bulk Carriers 50 years ago, are now a fundamental part of English and Welsh law and a significant weapon in the litigator's armory, considered indispensable by practitioners seeking to obtain enforceable judgments and interlocutory relief on behalf of their clients, say lawyers at Trowers and Hamlins.

  • EU Businesses Face Uncertainty Amid Sustainability Reforms

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    The European Commission’s sustainability omnibus, due to be approved this month, has brought a year of regulatory upheaval for European businesses, and although the long-awaited scaled-back obligations will provide clarity, a balance between not overburdening reporting companies and the need for data to make sustainable investments must be found, say lawyers at Peters & Peters.

  • How Russia Sanctions Trajectory Is Affecting UK Legal Sector

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    The proliferation of U.K. and European Union sanctions targeting Russia has led to a vast increase in legislative provisions, and lawyers advising affected businesses should expect a complex and evolving legal landscape for the foreseeable future, says Rob Dalling at Jenner & Block.

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