Financial Services UK

  • October 16, 2026

    Allianz Faces €59M Claim Over Yacht Builder's Insolvency 

    The buyer of a €101.8 million ($114.6 million) luxury yacht whose builder sought insolvency before finishing the project has sued an Allianz unit for €58.8 million after the insurer allegedly failed to pay out over construction guarantees. 

  • October 16, 2026

    UK Gov't Expected To Raise Bank Taxes In Autumn Budget

    The U.K.'s Labour government is preparing to raise taxes on banks in the autumn budget, according to a newspaper report, including a possible hike to the bank levy.

  • October 16, 2026

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

    The past week in London has seen closed cryptocurrency platform BitMEX sue Celsius Network amid ongoing litigation between the companies, and an independent music producer lodge a claim against Universal Music over the 1993 Gabrielle hit single "Dreams."

  • October 16, 2026

    FCA Acts On Backlash Against Inconsistent Consumer Rules

    The Financial Conduct Authority committed to changing some of its rules for protecting consumers after industry backlash showed these were sometimes failing to hit the mark.

  • October 16, 2026

    Traders Have Bans Lifted Over Overturned Libor Convictions

    The financial watchdog revoked Friday the lifetime bans on four traders whose convictions for rigging benchmark interest rates were overturned on appeal in landmark proceedings that unraveled prosecutions brought after the global financial crisis.

  • October 16, 2026

    EU Names USDC As First 'Significant' Stablecoin

    Europe's banking regulator has classified the world's second-largest dollar stablecoin as the bloc's first "significant" e-money token, bringing the cryptocurrency's reserves, liquidity and redemption arrangements under closer supervision from Nov. 12.

  • October 16, 2026

    EU Urges Bloc To Finalize Preparations For T+1 Settlement

    Financial services companies must complete technical preparations and begin testing, as two deadlines approach, to shorten securities settlements to one business day after trading, a European Union regulator said Friday.

  • October 15, 2026

    German Tax Deferral Violates EU Rules, CJEU Adviser Says

    Germany's provision of a capital gains tax deferral only to companies with a German permanent establishment infringes on European Union rules concerning the free movement of capital, an adviser to the Court of Justice of the EU said Thursday.

  • October 15, 2026

    Curacao Bank Beats Appeal Bid Over £415M Tax Fraud Claims

    An English appeals court denied a U.K. marketing company's liquidators permission on Thursday to challenge a ruling that a Caribbean bank and its former CEO had not dishonestly assisted a £415 million ($550 million) tax fraud.

  • October 15, 2026

    Ex-Deloitte Exec Ekes Out Another Discrimination Win

    A former cybersecurity executive at Deloitte has won another discrimination claim against the Big Four firm after a tribunal upheld her complaint that its delay in providing her disability support was unjustified.

  • October 15, 2026

    Foley & Lardner-Led Actuary Buys Claims Consultancy

    Actuarial consultant Lewis & Ellis Inc. has said it has acquired specialized insurance consultant Alan Gray from insurer Premia Holdings Ltd. to expand beyond its traditional actuarial consulting business and become a broader insurance services platform.

  • October 15, 2026

    Sweden's Biggest Bank To Pay $33M NY Fine Over AML Gaps

    New York's financial services regulator has ordered Sweden's largest bank to pay a $33 million fine to resolve findings of past anti-money laundering deficiencies at its Baltic subsidiaries that allegedly exposed U.S. banks to heightened financial crimes risk.

  • October 15, 2026

    FCA Raises Consumer Duty Concerns Over CFD Providers

    The Financial Conduct Authority questioned in a report on Thursday whether contracts for difference providers offer clients fair value under its consumer duty regime. 

  • October 15, 2026

    ESMA Warns Of 'Significant' Disparities In Enforcement

    The European Securities and Markets Authority warned in a report published Thursday of a gulf in enforcement across the European Economic Area, after national regulators imposed fines totaling almost €82 million ($92 million) during 2025.

  • October 15, 2026

    EQT To Buy US Property Investment Manager For $550M

    EQT AB said Thursday that it has agreed to buy U.S. real estate investment manager Stockbridge for up to $550 million to expand its property sectors, investment products and client base in America.

  • October 15, 2026

    FSB Wants AI Adoption Controls To Boost Financial Stability

    Financial institutions should strengthen governance, risk management and human oversight to harness the benefits of artificial intelligence while controlling its risks, a global standards setter said Thursday.

  • October 15, 2026

    Brokers Still Failing To Detect Market Abuse Risks, FCA Says

    Retail brokers are still failing to detect and report potential market abuse, raising the risk that suspicious trading will go unnoticed, the Financial Conduct Authority has said.

  • October 14, 2026

    EU Approves Kimberly-Clark's $49B Kenvue Buy With Sale

    European enforcers have approved Huggies maker Kimberly-Clark Corp.'s planned acquisition of Kenvue in a deal valuing the Tylenol parent company at $48.7 billion, conditioned on the sale of several feminine hygiene brands.

  • October 14, 2026

    Oil Trader Challenges UK Sanctions For Russia Crude Trades

    A Swiss commodities trader and its Dutch owner argued in a London court Wednesday that the company should not be sanctioned for trading in Russian oil, saying the decision was irrational because it had only traded on international commodities markets.

  • October 14, 2026

    Tribunal Ruling On FCA Car Finance Redress Adds Uncertainty

    The Upper Tribunal's decision to delay hearings on legal challenges to the Financial Conduct Authority's motor finance redress program, in order to allow expert witnesses to give evidence and force the regulator to explain its calculations, ramps up uncertainty for lenders, lawyers warn.

  • October 14, 2026

    Raising Capital Gains Tax A Risky Move, Ex-Labour Aide Says

    The U.K.'s Labour government should be wary of raising capital gains tax rates in its autumn budget given the risks for businesses and investment, a former adviser to Prime Minister Andy Burnham told a parliamentary committee Wednesday.

  • October 14, 2026

    DLA Piper Advises Maslow On £238M Student Halls JV Loan

    Maslow Capital said Wednesday it has provided a £238 million ($313 million) loan to a joint venture to fund student accommodation and affordable housing in south London.

  • October 14, 2026

    Trader Sues Crypto Firm Founded By Reform Donor For £10M

    A software engineer has sued BitMEX, alleging that the cryptocurrency exchange and trading platform founded by Reform UK donor Ben Delo sold him unlicensed crypto-derivatives, leading to losses of more than £10 million ($13.2 million).

  • October 21, 2026

    HSF Kramer Hires Property Team From K&L Gates In Milan

    HSF Kramer has hired a seven-person legal team from K&L Gates to launch a real estate practice at its office in Milan, as it continues to build a full-service operation at the Italian base.

  • October 14, 2026

    FCA, PRA Ease Restrictions On High Loan-To-Income Lending

    The U.K.'s financial regulators said Wednesday they have eased restrictions on mortgage lending, giving individual lenders room to offer larger loans relative to borrowers' incomes.

Expert Analysis

  • 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.

  • 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.

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