Financial Services UK

  • October 08, 2026

    SFO Told To Pay Interest To Cleared Ex-Barclays Traders

    The Serious Fraud Office and the government should repay hundreds of thousands of pounds, with interest, that was confiscated from five City traders whose convictions for rate-rigging were quashed, lawyers for the men told an appeals court Thursday.

  • October 08, 2026

    Deloitte Fined £6M, Reprimanded Over Audits Of Transport Biz

    Britain's accounting watchdog said Thursday it has fined Deloitte £6.05 million ($8 million) and severely reprimanded the Big Four firm after finding serious failures in its audits of a U.K. transport company.

  • October 08, 2026

    MS Amlin, Lancashire Settle Fight Over Planes Stuck In Russia

    Insurers MS Amlin and Lancashire have separately agreed to undisclosed settlement terms with scores of aircraft leasing companies that sued to claw back money for planes stranded in Russia after the country's invasion of Ukraine.

  • October 08, 2026

    FRC Closes Investigation Into Deloitte Audit Of Joules Group

    The U.K. accounting watchdog said Thursday it has closed its investigation into Deloitte's audit of fashion retailer Next unit Joules Group, and will not bring enforcement action.

  • October 07, 2026

    Dubai Bank Unit Loses Bid To Recoup Funds In Fraud Case

    Trafigura can keep $22.6 million in payments that a subsidiary of Dubai's Rasmala Investment Bank was deceived into making to the commodities trader, the Court Of Appeal ruled Wednesday, dismissing the bank's appeal.

  • October 07, 2026

    London Gold Body Accused Of Role In Tanzanian Mine Deaths

    Lawyers representing the families of two men killed by police at a Tanzanian gold mine argued at the start of a London trial Wednesday that the trade body for the world's largest gold bullion market had "played a crucial role" in their deaths.

  • October 07, 2026

    FCA Employee Unions Win OK To Pursue Recognition

    A panel of arbitrators has decided that the Financial Conduct Authority must face two trade unions' joint application to collectively negotiate on behalf of almost all employees working for the regulator.

  • October 07, 2026

    VW Sets Aside £725M For UK Car Finance Redress Scheme

    Volkswagen's U.K. motor finance arm has set aside £725 million ($958 million) to cover potential costs of a regulatory program to compensate customers affected by historical motor finance practices, according to accounts filed at Companies House.

  • October 07, 2026

    Bank Of England Floats Tying Regulatory Thresholds To GDP

    The U.K.'s central bank said Wednesday it plans to increase regulatory requirement thresholds across banking, insurance and credit unions to reduce compliance costs and give financial firms greater certainty about future rules.

  • October 07, 2026

    Reinsurers Say $4B Jets Row Seeks To 'Turn Lead Into Gold'

    A group of reinsurers argued Wednesday that aircraft lessors are trying to "turn lead into gold" by seeking billions of dollars for planes stranded in Russia under reinsurance policies arranged by the airlines.

  • October 07, 2026

    UK Pension Plans Weigh Insurer Deals As Funding Improves

    Almost half of the defined benefit pension plans polled in a new study intend to transfer their liabilities to an insurer within the next decade, according to a report by a professional body and an asset manager.

  • October 07, 2026

    Ex-Barclays Traders Overturn Rate-Rigging Convictions

    Five former Barclays traders succeeded on Wednesday in overturning their convictions for rigging benchmark interest rates, further unraveling landmark prosecutions brought by the Serious Fraud Office in the aftermath of the global financial crisis.

  • October 06, 2026

    Russia On The Hook For $192.5M In Crimea Seizure Cases

    An international tribunal has ordered Russia to pay nearly $181 million plus interest to Ukraine's largest commercial bank for expropriating its Crimean assets and $11.5 million plus interest to the operator of a private airport in Crimea.

  • October 06, 2026

    Maslow Provides £137M To Refinance Manchester Towers

    Specialist real estate finance provider Maslow Capital said Tuesday that it has completed a £136.8 million ($181.6 million) facility for developer Vita Group, secured against two residential towers in Manchester.

  • October 06, 2026

    Gov't Raises Shawbrook Development Guarantee To £350m

    The British Business Bank has said it will increase its existing property development guarantee facility with Shawbrook to £350 million ($464 million), in a move to increase the U.K.'s housing supply.

  • October 06, 2026

    Libor Traders Seek To Void Convictions Over Judicial Errors

    Six former City traders will seek to overturn their convictions in an appeal on Wednesday following a ruling by the U.K. Supreme Court ruling that exposed judicial errors in the Serious Fraud Office's prosecutions and cast doubt on the safety of their verdicts.

  • October 06, 2026

    French Banking Giant BPCE Buys 7% Stake In Spanish Lender

    France's second-largest bank BPCE disclosed Tuesday a "friendly acquisition" of approximately 7% of the share capital of Banco de Sabadell, a year after the Spanish lender survived a hostile takeover bid from rival BBVA.

  • October 06, 2026

    FCA Tells AGM It Will Tackle Financial Crime With 'Force'

    The Financial Conduct Authority said at its annual general meeting on Tuesday that it will engage with financial crime with a "force" that has not been seen for years, highlighting artificial intelligence as a source of risk.

  • October 06, 2026

    UK Financier Launches Development Arm With £40M Property

    Real estate financier Iron Bridge said Tuesday it has launched a new residential development business focused on London and the southeast of England, with a 44-home undertaking in the capital as its first project.

  • October 06, 2026

    Asset Manager Seeks £4M From Colliers Over Mall Valuation

    A fund management arm of ICG PLC told a London court Tuesday that Colliers International owes it more than £4 million ($5 million) for negligently overvaluing a shopping mall used as security for a loan by more than 40%.

  • October 06, 2026

    EIOPA Warns Of Oversight Risks In PE-Linked Reinsurance

    The European Union's insurance watchdog warned in a report on Tuesday that private equity companies' pursuit of quick returns and willingness to take greater risks can conflict with their responsibility to ensure insurers and reinsurers remain financially sound.

  • October 06, 2026

    MPs Call For Whistleblower-Handling Probe As AGM Hijacked

    A group of MPs called for an independent investigation on Tuesday into how the Financial Conduct Authority handles whistleblowers following the death of a former Wall Street broker, as the watchdog's annual general meeting was hijacked by complainants criticizing its approach.

  • October 05, 2026

    Property Investor Claims £20M Over Shoreditch Hotel Defects

    A Luxembourg real estate debt investment company has sued an engineering consultancy and a design firm for £20 million ($26.4 million), alleging that defects in a Shoreditch hotel development caused a sale to fall through.

  • October 05, 2026

    FCA Redress Program 'Fatally Flawed,' Lenders Tell Tribunal

    Motor finance lenders and a consumer advocacy body labeled the Financial Conduct Authority's redress program as fundamentally flawed at the Upper Tribunal on Monday, with some asking to allow expert witnesses to challenge the assumptions.

  • October 05, 2026

    SEC Censures JPMorgan Over Disqualified Swaps Trader

    JPMorgan Securities and JPMorgan Chase Bank have agreed to a cease-and-desist order and a censure from the U.S. Securities and Exchange Commission to resolve claims that the firms allowed a person who was statutorily disqualified due to a violation in the U.K. to effectuate security-based swap transactions.

Expert Analysis

  • 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.

  • 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.

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