Financial Services UK

  • May 13, 2026

    Crispin Odey Settles Several Women's Sex Assault Claims

    Crispin Odey has settled sexual assault claims brought against him by several women, a month after he dropped his £79 million ($107 million) libel claim against the Financial Times over articles which brought the allegations to public attention.

  • May 13, 2026

    Carta Buys AI-Native Law Firm Avantia To Target PE Market

    U.S.-based private markets fintech company Carta said Wednesday that it has acquired U.K. law firm Avantia Law Ltd. in a move that enables it to offer artificial intelligence-powered legal and compliance services to private equity and venture capital firms.

  • May 13, 2026

    UK Gov't Plans Bills For Closer EU Links, Financial Reforms

    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.

  • May 13, 2026

    Diamond Tycoon Denies Family Ran Firms In $1B Gold Fraud

    A diamond and jewelry tycoon accused of swindling more than $1 billion from banks has denied controlling various businesses that carried out the Indian gold bullion fraud, as he testified on Wednesday at the trial brought by the liquidators of U.K. companies.

  • May 13, 2026

    Gov't Unit Targets £99B Australian Pension Fund Investment

    The British government has launched a project designed to attract around £99 billion ($133.8 billion) of Australian pension fund investment over the next decade as part of its broader bid to direct retirements savings capital toward the U.K.

  • May 13, 2026

    FCA Probes How Investment Firms Handle Bereaved Clients

    The Financial Conduct Authority said on Wednesday that it has launched a review into investment firms to establish whether they are doing enough to support clients going through bereavement after a poll showed that fewer than half were given adequate support.

  • May 13, 2026

    UK Pension Funding Drops Again Amid Wider Volatility

    The overall surplus of U.K. retirement saving programs fell by £5.3 billion ($7.2 billion) in April as continuing market volatility pushed down funding for the second month in a row, the Pension Protection Fund has said.

  • May 12, 2026

    MFS Owner Accused Of 'Plundering' £1.3B For Lavish Lifestyle

    The administrators of Market Financial Solutions have accused the collapsed lender's owner of systematically plundering £1.3 billion ($1.8 billion) in a "widescale" fraud to fund his "lavish lifestyle."

  • May 12, 2026

    Deutsche Bank Can Question Billionaire In $360M Debt Fight

    Deutsche Bank can seek to force Monaco-based billionaire Alexander Vik to answer questions about his company's assets to help claw back debt exceeding $360 million, after a London appeals court ruled Tuesday it does have the power to issue such an order.

  • May 12, 2026

    VTB Can't Lift Block On $156M JPMorgan Russian Funds Case

    VTB Bank has lost its bid to lift an injunction that blocks it from bringing a $156 million case against JPMorgan in Russia over frozen funds, with a London appeals court upholding a ruling that the claim was "vexatious and oppressive."

  • May 12, 2026

    Farmers Can't Challenge UK Inheritance Tax Relief Cut Plans

    Two Cambridgeshire farmers and a campaign group can't challenge the U.K. government's plans to slash inheritance tax relief for farms on the grounds that there should have been a public consultation before the proposals were announced, a London court ruled Tuesday.

  • May 12, 2026

    New Liability Rules Put Businesses In Uncharted Territory

    New powers that put companies on the chopping block for crimes committed by their executives dramatically expand corporate liability to include a wider array of offenses, which businesses already struggling with "compliance fatigue" have barely begun to grapple with, lawyers say.

  • May 12, 2026

    Ex-Privatbank Owners Say Payments Erased $3B Fraud Loss

    The former owners of PrivatBank urged an appeals court on Tuesday to overturn a finding that they owe the Ukrainian lender $3 billion, arguing that a later repayment to the bank "extinguished" the loss resulting from their fraudulent loan recycling scheme.

  • May 12, 2026

    FCA Bans, Fines Pensions Advisory Director For Misconduct

    The Financial Conduct Authority said on Tuesday that it has fined a pensions adviser £755,000 ($1 million) and banned him from working in financial services in Britain for acting without integrity and putting customers at risk for personal gain.

  • May 12, 2026

    Gov't Clarifies Inheritance Tax Rules On Pension Wealth

    The government has issued a statement clarifying how it wants pension wealth to be brought into the scope of inheritance tax next year.

  • May 12, 2026

    Pensions Watchdog Floats New 5-Year Strategy

    The Pensions Regulator has opened a consultation on a refreshed corporate strategy that will guide its work over the next five years, as the pensions market is set to undergo major changes through the Pension Schemes Act 2026.

  • May 12, 2026

    Swiss Watchdog Eyes Tighter AML Controls On Ownership

    The Swiss financial markets watchdog released plans on Tuesday to tighten up its anti-money laundering rules, with new measures that would require banks, insurers and investment funds to understand the ownership and control structure of the customer.

  • May 12, 2026

    4 Firms Guide Bank's Sale Of Truck Finance Biz To Stonepeak

    Bank of Montreal said Tuesday that it has agreed to sell its specialized transportation and vendor-focused financing business to investment firm Stonepeak Partners LP for an amount that it did not disclose.

  • May 12, 2026

    2 Former Carillion Execs Banned For Misleading Statements

    The accounting watchdog said Tuesday that it has banned two former finance directors of Carillion PLC from working in the profession for their reckless preparation of financial statements for the construction business, which is in liquidation.

  • May 11, 2026

    India Fights To Block $273M Failed Metals Scheme Arbitration

    India fought on Monday to block a UAE investment fund's $273 million claim over a collapsed aluminum production scheme, arguing at a London appeals court that an arbitration tribunal does not have jurisdiction to hear the case.

  • May 11, 2026

    Hermes Denies 'Existential Gamble' On Wind Farm Investment

    The managers of a Scottish local authority's pension fund denied that their decision to invest £104 million ($142 million) in a portfolio of Swedish wind farms was an "existential gamble," saying that the claim is "based entirely on hindsight."

  • May 11, 2026

    EU Watchdog Flags Oversight Gaps At Fund Managers

    The European Union's markets regulator said Monday that it has found poor compliance and senior management oversight at many European fund managers after it carried out a common supervisory action.

  • May 11, 2026

    Ex-Stockbroker Sentenced To Extra 499 Days In Prison

    A former stockbroker convicted for money laundering has been sentenced to a further 499 days in prison for failing to fully repay money owed under a confiscation order, the Financial Conduct Authority has said.

  • May 11, 2026

    Finance Body Sets Out Plan To Boost UK Growth Agenda

    A trade body for financial institutions released Monday a report on how financial services can deliver the government's economic growth plan, two days ahead of the King's speech expected to set out related legislation.

  • May 11, 2026

    Sheikh Can Sue Lebanon Bank In UK Over $24M Transfer Row

    A Saudi sheikh's dispute with Bank Audi SAL over the Lebanese lender's alleged refusal to transfer more than $24 million to his Swiss account can proceed in England, a London appeals court has said.

Expert Analysis

  • Digital Assets Act Allows Courts To Cater For New Tech

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    The recently enforced Property (Digital Assets etc) Act confirms in law that digital assets can be recognized as personal property, while leaving intentional gaps, which allow courts the flexibility to adapt traditional legal rules to new innovative technology, say lawyers at Dechert.

  • 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.

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