Financial Services UK

  • July 08, 2026

    Pensions Body Floats Reforms To Boost Retirement Saving

    ​The U.K. government must reform workplace pensions as the current system still cannot provide adequate retirement incomes for many workers, a trade body warned on Wednesday.

  • July 08, 2026

    PwC Error Inflated Lender's €189M Claim, Real Estate Biz Says

    Real estate developer Urbas has admitted to defaulting on loan agreements but argued that a €189 million ($215 million) claim brought by a Luxembourg credit provider for repayment must be recalculated because PwC allegedly undervalued the shares appropriated by the lender as collateral.

  • July 08, 2026

    Gupta Says England Not The Venue For $7M Fraud Claim

    Metals tycoon Prateek Gupta told the Court of Appeal on Wednesday that a U.K. commodities trader cannot bring a fraud claim worth almost $7 million against him in England because the alleged loss occurred abroad.

  • July 08, 2026

    AI Adoption Not Yet Uniform In Corporate Reporting, FRC Says

    The audit watchdog said Wednesday that the use of artificial intelligence tools in corporate reporting is still cautious and uneven across the market, despite many businesses considering adopting the technology over the coming year.

  • July 08, 2026

    FCA Investigating 11 Potential Consumer Duty Breaches

    The Financial Conduct Authority said Wednesday in its latest enforcement watch newsletter that it is conducting 11 investigations into potential breaches of the Consumer Duty.

  • July 08, 2026

    UniCredit Stake In Commerzbank Now Just Short Of Control

    Italian lender UniCredit said Wednesday that it holds 49.65% of the voting rights in Commerzbank AG of Germany despite resistance from the German state about the approach.

  • July 07, 2026

    EU Lawmakers Seek To End VAT Break For Financial Services

    The European Parliament moved toward ending financial services' blanket exemption from value-added taxes by voting Tuesday to adopt a report recommending such a shift.

  • July 07, 2026

    EU Watchdogs Warn New AI Models Fuel Financial Cyber Risk

    European financial authorities warned Tuesday that the latest generation of artificial intelligence poses "a paradigm shift for cybersecurity" as the technology could enable bad actors to launch faster, cheaper and more sophisticated attacks on the financial market.

  • July 07, 2026

    Firms To Boost Cybersecurity After AI Attacks Cost UK £15B

    Dozens of major companies pledged on Tuesday to strengthen their cyberdefenses amid a surge in AI-enabled attacks by foreign states and criminal groups that cost the U.K. economy an estimated £14.7 billion ($19.7 billion) annually.

  • July 07, 2026

    FCA Warns Issuers Of Failure To Disclose Voting Rights Data

    The Financial Conduct Authority has warned companies trading shares on the London Stock Exchange that many are failing to disclose information on total voting rights as required to the market.

  • July 07, 2026

    HMRC Admits New State Pension Tax Errors Over 4 Years

    The government has said it accidentally overtaxed millions of Britons for their state pension income over four years, but that the tax ministry is working to ensure the error will not be repeated.

  • July 07, 2026

    BoE Weighs Revising Capital Rules To Boost Bank Lending

    The Bank of England said Tuesday that it plans to ease a critical capital requirement for major financial institutions in the U.K. to make it "simpler and more effective" for them to continue lending during times of financial stress.

  • July 14, 2026

    Kirkland Hires Debt Finance Pro From Ropes & Gray In Paris

    Ropes & Gray LLP is set to lose a finance lawyer to rival Kirkland & Ellis LLP in Paris, a little more than a year after Ropes & Gray opened its office in the French capital.

  • July 07, 2026

    English Law Governs £5B Bitcoin Claims, Fraud Victims Say

    Thousands of Chinese investors defrauded by a money launderer argued Tuesday that their claims seeking to recover their share of billions of pounds of seized cryptocurrency should be governed by English law.

  • July 07, 2026

    Capita Apologizes For Civil Service Pension Failures

    Capita PLC said Tuesday that its handling of the Civil Service Pension Scheme was "not good enough" after the government withheld £9.9 million ($13.2 million) in payments under its contract to administer the program, citing missed performance targets and service failures.

  • July 06, 2026

    FCA Tells Banks To Improve 'Poor' Access To Basic Accounts

    The finance watchdog said on Tuesday that it had found widespread failings that left many vulnerable people unaware of essential banking services or unable to get access to them, adding that Britain's biggest lenders have agreed to improve access to basic bank accounts.

  • July 13, 2026

    Sullivan & Cromwell Hires 2 Litigators For Frankfurt Office

    Sullivan & Cromwell LLP has hired two partners from Hengeler Mueller to launch a litigation practice in Germany.

  • July 06, 2026

    UK Sanctions Russian Researchers Over Poison Program

    The U.K. has hit several Russian state scientific institutions and researchers involved in the development and production of the deadly toxins used in the murder of Alexei Navalny and the Salisbury poisonings.

  • July 06, 2026

    UK Lifeboat Fund Paid Out £267M In Compensation In 2025

    Britain's financial services lifeboat fund has said it paid out £267 million ($365.7 million) in compensation to more than 14,000 customers affected by companies failing in the last financial year.

  • July 06, 2026

    AML Body Wants New Rules For Cross-Border SARs Sharing

    Europe's fledgling anti-money laundering enforcer announced plans on Monday to streamline how and when law enforcement agencies share intelligence on suspicious transactions to crack down on financial crime. 

  • July 06, 2026

    Wise Payments Keeps TM Due To Rival's Translation Error 

    Wise Payments has cleared a challenge to its "Wise" trademark after European officials rejected a Portuguese property developer's opposition because it failed to provide an English translation outlining the services covered by its own logo.

  • July 06, 2026

    FCA Sets Out Plan To Tackle AI Risks In Financial Sector

    The Financial Conduct Authority said in a review on Monday that artificial intelligence will transform services in the sector for consumers, proposing a seven-step framework to determine how it intends to regulate the technology.

  • July 06, 2026

    Pensions Watchdog Urges Industry Input On Scam Rules

    Britain's retirement savings watchdog has called on the pensions industry to engage with the government's consultation on new rules designed to stop workers from transferring long-term savings to bogus plans.

  • July 06, 2026

    Most Pension Industry Pros Back Local Gov't Investment Plan

    More than half of pension professionals support the government's plans to spur the £400 billion ($534 billion) local government pension system to invest in local economies — provided it doesn't affect the performance of funds, a trade body has found.

  • July 06, 2026

    TLT Guides £5M Pension Buy-In For UK Ammo Maker

    Defense technology company Key Technologies Ltd. has completed a £5 million ($6.7 million) full-scheme buy-in to secure the retirement benefits of all 48 members of its pension program, U.K. consultant Broadstone said Monday.

Expert Analysis

  • EU Foreign Subsidies Guide Brings Clarity And Questions

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    The European Commission’s long-awaited EU Foreign Subsidies Regulation guidelines provide helpful clarifications for companies, but with many areas remaining broadly framed, uncertainty may continue to deter investments and increase the compliance burden on organizations, say lawyers at Hogan Lovells.

  • FRC Audit Proposals Reaffirm Support For Economic Growth

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    The Financial Report Council’s recent proposals to prioritize audit enforcement, supervision and market reform will reward audit firms that self-police and proactively admit auditing standard breaches, signaling its aims to change the market landscape and encourage investment, say lawyers at RPC.

  • How FCA's Client Reforms May Boost Investment Access

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    The Financial Conduct Authority’s recent proposals to reform the professional client categorization regime and simplify conflicts of interest rules are likely to be welcomed, although firms will need to navigate the increased responsibility that comes with greater flexibility, say lawyers at Skadden.

  • UK Banks Are Favoring Tokenized Deposits Over Stablecoins

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    Lloyds Banking's recent purchase of gilt with tokenized deposits is an example of banks' preference for the instrument over stablecoins, which present uncertainty by demanding compliance with multiple conduct regimes, says Dan Jones at MoFo.

  • Where PCAOB Goes Next After A Year Of Uncertainty

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    The Public Company Accounting Oversight Board will likely bring fewer enforcement matters in 2026, reflecting a notable change in board priorities following the change in administrations, say Robert Cox and Nicole Byrd at Whiteford Taylor and Matthew Rogers at Bridgehaven Consulting.

  • Consolidation Of Lloyd's Bylaws Will Be Useful For Members

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    Lloyd’s of London’s recent consolidation of its bylaws will make the rules governing its market more accessible, providing immediate results as well as the necessarily flexible framework to address the future needs of its participants, say lawyers at Skadden.

  • How EU Prospectus Rule Changes May Boost Market Access

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    The European Union Listing Act’s forthcoming changes to EU prospectus requirements aim to reduce the regulatory burden for issuers of securities, facilitating more efficient transaction execution and reducing market risk, of particular relevance to small and midsize enterprises, say lawyers at Covington.

  • 4 Securities Trends For Pension Trustees To Watch In 2026

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    With the U.K. signaling it will soon demand more active fiduciary stewardship from pension trustees, British and EU fund managers must follow key trends in mass securities litigation, investment disclosures, and U.S. enforcement that could require intervening for their investors in 2026, say lawyers at Labaton Keller.

  • Exploring The Rise In European Private Credit Loan Portability

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    The increasing use of portability mechanics in loan documentation can make sales processes more attractive to buyers and brings cost savings to sellers, but there are concerns over the portability's impact on competition and differences in sponsors’ goals, say lawyers at King & Spalding.

  • Sanctions Spotlight: Compliance Insights After OTSI's 1st Year

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    The Office of Trade Sanctions Implementation's recent report on its first year of operation offers insights into OTSI's interpretation of its mandate as the U.K.'s civil enforcement body for trade sanctions and efforts to operationalize its enforcement powers, giving businesses a compliance road map for areas it will prioritize in 2026, says Alexandra Melia at Steptoe.

  • A Look At ESMA's New Governance Framework For EU Boards

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    The European Securities and Markets Authority's recently finalized supervisory expectations for management bodies mark a shift toward improved board oversight across culture, risk, strategy and accountability that firms should view as a benchmark, say lawyers at Ropes & Gray.

  • 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.

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