Many U.K. crypto companies will fail to achieve authorization under the Financial Conduct Authority's new regime when it goes live in October 2027, lawyers have warned.
The decision by a British bank to voluntarily pay £31.7 million ($42 million) to consumers and avoid a full investigation by the finance watchdog is part of a growing strategy to resolve cases of market misconduct more quickly, lawyers say.
Prime Minister Keir Starmer announced plans on Monday to step down after losing the support of the Labour Party for him to stay on, clearing the way for former Manchester mayor Andy Burnham to launch his bid for the top job.
New legislation laid out in the King's Speech on Wednesday included the government's plans for a bill to strengthen trading ties with the European Union alongside an Enhancing Financial Services Bill in the next 12 months, but lawyers warn that the scope remains limited with potential unexpected consequences.
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Many U.K. crypto companies will fail to achieve authorization under the Financial Conduct Authority's new regime when it goes live in October 2027, lawyers have warned.
The decision by a British bank to voluntarily pay £31.7 million ($42 million) to consumers and avoid a full investigation by the finance watchdog is part of a growing strategy to resolve cases of market misconduct more quickly, lawyers say.
Prime Minister Keir Starmer announced plans on Monday to step down after losing the support of the Labour Party for him to stay on, clearing the way for former Manchester mayor Andy Burnham to launch his bid for the top job.
New legislation laid out in the King's Speech on Wednesday included the government's plans for a bill to strengthen trading ties with the European Union alongside an Enhancing Financial Services Bill in the next 12 months, but lawyers warn that the scope remains limited with potential unexpected consequences.
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July 02, 2026
The Federal Reserve has freed BNP Paribas from a 2017 consent order tied to its foreign exchange trading operations, ending an enforcement action that came with a more than $246 million fine and was one of several to target big banks over past price-fixing concerns.
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July 02, 2026
The Serious Fraud Office said Thursday that it had closed its investigation into property manager Signature Group over a suspected £140 million ($187 million) investment fraud after concluding that there was no realistic prospect of conviction.
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July 02, 2026
Moody's Germany has been fined €2.1 million ($2.4 million) for repeatedly providing incomplete and inaccurate regulatory data to the European Union's financial markets watchdog, including incorrect information on credit ratings, rating outlooks and historical performance, as well as deficiencies in its reporting controls.
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July 02, 2026
Forvis Mazars LLP has been fined £577,000 ($771,000) and one of its partners £33,000 by the U.K. accounting watchdog over serious failings in its audit of a digital catalog retailer's 2021 financial statements, conducted about eight months before the company collapsed.
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July 02, 2026
The Financial Conduct Authority said Thursday that a tribunal has partially suspended its motor finance compensation scheme until legal challenges in December or February 2027 are completed, as it confirmed that lenders targeted in complaints are not currently required to calculate or pay compensation.
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July 02, 2026
The trustees of a pension plan for former British Coal industry workers have appointed asset management giant BlackRock as investment manager for its £8 billion ($11 billion) retirement savings program.
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July 02, 2026
The Financial Conduct Authority warned insurance companies on Thursday that consumers with savings in older pension investment products might not be getting good value for money.
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July 02, 2026
India's Bank of Baroda has paid $600 million to reach a settlement over claims that it helped facilitate a multibillion-dollar fraud against NMC Health PLC, lawyers for the administrators of the United Arab Emirates healthcare group said Thursday.
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July 01, 2026
An investment fund alleging it is the victim of a £45 million ($59.6 million) fraud on Wednesday sought to join litigation over the alleged scammers' frozen bank accounts, saying it is the best way it could assist the ongoing investigation.
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July 01, 2026
Portfolio managers at hedge fund BlueCrest Capital Management LLP should be taxed as employees rather than partners under the U.K.'s salaried member rules, the U.K.'s top court ruled Wednesday.
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July 01, 2026
A trade union representing workers in the civil service has called on the government to intervene after claiming that Capita has missed a deadline to fix problems with the public sector pension program.
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July 01, 2026
Britain's highest court revived on Wednesday Denmark's £56 million ($74 million) fraud claim against an English broker that arose from the wide-ranging cum-ex tax refund scandal, overturning a ruling that the dispute had already been resolved in earlier proceedings.
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July 01, 2026
The U.K. retirement savings watchdog said Tuesday that the number of workplace pension funds declined by 15% in 2025 and that it expects further consolidation in the market this year.
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July 01, 2026
The U.K. pension sector needs to prepare for potentially severe financial risks from climate change, a trade body has warned.
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July 01, 2026
U.K. pension providers have entered a "critical period" where they must ensure their systems, data and customer support functions are ready for public use, as a deadline approaches for the government-backed pensions dashboard project, an insurance technology company warned Wednesday.
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June 30, 2026
An investment fund manager and a consultancy urged a U.K. appellate court Tuesday to overturn a ruling that they had stolen confidential information to set up a Venezuelan debt investment fund after a joint venture failed.
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June 30, 2026
Mexican billionaire Ricardo Salinas Pliego urged an appeals court Tuesday to overturn a ruling refusing him a quick win in his $415 million fraud claim, arguing that using a private intelligence agent to gain information from his opponent's lawyer did not amount to an abuse of process.
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June 30, 2026
Binance has been hit with a £150 million ($199 million) group action claim by investors who accuse the cryptocurrency trading platform of illegally selling them high-risk derivatives products, the investors' lawyers said Tuesday.
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June 30, 2026
Thousands of motorists can pursue claims against car finance providers as a group, a London appellate court affirmed Tuesday, saying that it was not an "irrelevant waste of time" to try lead cases to determine common issues between them.
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June 30, 2026
The Bank of England and the Financial Conduct Authority set out proposals Tuesday on how they will jointly regulate systemic stablecoin issuers in the U.K.
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June 30, 2026
The government should consider reforms to allow Britons to use pension wealth to get on the property ladder, a consultancy said Tuesday, warning that those living in rented accommodation are more likely to face poverty in retirement.
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June 30, 2026
The government has helped drive a decade of progress in increasing female representation in senior leadership positions across the financial services sector, but achieving complete gender parity is still decades away, a review by HM Treasury indicated on Tuesday.
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June 30, 2026
The U.K.'s pension compensation fund has rolled out changes that will mean that people suffering from a terminal illness receive benefits sooner.
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June 29, 2026
The Financial Conduct Authority has slashed potential capital requirements for issuing stablecoins in its landmark crypto-assets regime that was finalized Tuesday, the biggest expansion of its regulatory power in over a decade.
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June 29, 2026
Collyer Bristow denies it cost a storage business £73.4 million ($97.3 million) by failing to explain that settling a swaps dispute with Barclays would block future claims against Clyde & Co. and others, telling a London court that its advice was sound.