Financial Services UK

  • October 09, 2026

    Macquarie Offers CMA Fix For Meter Reading Deal

    Britain's competition enforcer is mulling a proposed fix for Macquarie Asset Management's planned purchase of electricity and gas metering company Energy Assets Group, after raising concerns about gas metering services for commercial customers.

  • October 09, 2026

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

    The past week in London has seen PrivatBank sue its former oligarch owner, building materials provider Kingspan face a €100 million ($112 million) claim over Grenfell Tower cladding and energy giants VaroPreem and Viaro Energy become embroiled in an intellectual property row.

  • October 09, 2026

    FCA Faces Calls To Replace Andriesz Whistleblower Probe

    Lawyers and MPs are calling for an externally-led investigation into the handling by the Financial Conduct Authority of whistleblower Simon Andriesz before his recent suicide, the latest in a series of controversies over its treatment of whistleblowers.

  • October 09, 2026

    BoE Urges Banks To Act On Cloud Disruption Test Findings

    The Bank of England said Friday it has tested the financial sector's ability to respond to a global cloud services outage, bringing together 38 of the U.K.'s largest lenders and market infrastructure operators in a crisis management exercise.

  • October 09, 2026

    Scotchstone Weighs Joining Permanent TSB Buyout Bids

    Investment firm Scotchstone Capital LLP said Friday it is considering making a takeover offer for Permanent TSB Group Holdings PLC, potentially increasing competition for the Irish lender as it pursues an already-agreed acquisition by Austria's Bawag Group.

  • October 09, 2026

    Bank Backstops Still Fall Short In Most Countries, FSB Warns

    Half of major global jurisdictions have "material gaps" in emergency public funding arrangements for failing systemically important banks, leaving authorities at risk of having to "improvise under pressure" during a financial crisis, a stability-standards setter warned Friday.

  • October 09, 2026

    EU Mulls Use Of Tokenized Collateral In Central Clearing

    ​The financial markets regulator of the European Union said Friday that it is weighing whether tokenized assets can be used safely as collateral in central clearing as the digital asset technology moves closer to mainstream use.

  • October 09, 2026

    Law Firm Beats Bank's £10M Oligarch Conspiracy Claim

    A law firm owned by Seddons GSC has defeated a Luxembourg-based bank's claim that it conspired with a Russian media tycoon to avoid repaying £10 million ($13.2 million) in debt.

  • October 09, 2026

    Ex-Deutsche Bank Trader Quashes Rate-Rigging Conviction

    An English appeals court threw out on Friday the conviction of a former Deutsche Bank trader who had pleaded guilty to fraud for rigging benchmark interest rates, becoming the latest in a series of bankers to have their convictions overturned. 

  • October 08, 2026

    Wealth Manager Sues Execs Over £100M Client Poaching Plot

    A wealth management business has accused three ex-employees of setting up competing businesses that snapped up clients with more than £100 million ($132.2 million) in managed assets, claiming they secretly built up the rival while on its payroll.

  • October 08, 2026

    Completed 'Mega-Deals' Reach Record High, WTW Says

    Broking and advisory business WTW said Thursday that the number of $10-billion plus deals that have completed this year has reached an all-time high.

  • October 08, 2026

    CMA Mulls Fixes To $6.6B Acquisition Of NCR By Brink's

    The U.K.'s antitrust regulator said Thursday it is considering solutions from The Brink's Co. to address competition concerns over the ATM operator's approximately $6.6 billion proposed acquisition of cash machines business NCR Atleos.

  • October 08, 2026

    Visa, Mastercard Face £700M Claim Over Brexit Fee Hikes

    Visa and Mastercard are facing a collective action from U.K. businesses seeking more than £700 million ($925 million) in compensation over allegedly excessive fees charged on card payments after Brexit, a former official at the Competition and Markets Authority said Thursday. 

  • October 08, 2026

    MFS Ex-Chief Raja Delays Ruling On £242M Funneling Claim

    The former chief executive of collapsed lender Market Financial Solutions avoided on Thursday an imminent hearing over claims he funneled millions of pounds from a financial intermediary linked to MFS into companies he owned and controlled.

  • October 08, 2026

    FCA Seeks 90-Day Notice For Property Fund Withdrawals

    The Financial Conduct Authority floated plans Thursday to require investors seeking to withdraw money from retail funds heavily invested in illiquid assets, such as property, to provide asset managers with at least 90 days' notice.

  • October 08, 2026

    EIOPA Seeks Simpler Sales Rules For Insurance Investments

    The European Union's insurance watchdog launched a consultation Thursday on reducing the information collected when insurance-based investment products are sold, saying some consumer protection safeguards are too complex.

  • October 08, 2026

    ESMA Orders Halt To Noncompliant Stablecoin Services

    The European Securities and Markets Authority called Thursday for crypto-asset providers to halt services in connection with noncompliant stablecoins.

  • October 08, 2026

    Slaughter And May Helps Aberdeen Sell £436M Insurer Stake

    Aberdeen Group said Thursday it has disposed of approximately half of its holding in insurer Standard Life for around £436 million ($576 million), supported by Slaughter and May.

  • 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.

Expert Analysis

  • 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.

  • 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.

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