Financial Services UK

  • July 29, 2026

    German Finance Watchdog Starts Looking For AI Breaches

    Germany's financial markets regulator said Wednesday it will begin actively monitoring whether banks and insurers comply with the European Union's Artificial Intelligence Act, with rule-breakers facing fines of up to €35 million ($39 million).

  • July 29, 2026

    Standard Chartered Announces $1B Share Buyback

    Standard Chartered announced the imminent start of a new $1 billion share buyback on Wednesday as the banking giant reported a strong performance for the first half of the year.

  • July 29, 2026

    UBS Unveils $3B Buyback With Strong 1st-Half Results

    UBS said Wednesday that it has launched a $3 billion share buyback program after the Swiss financial services giant reported a net profit of $5.8 billion for the first half of 2026.

  • July 29, 2026

    Major Banks Face Fresh Bid For Opt-In FX-Rigging Claim

    A competition law consultant sought Wednesday to revive his proposed foreign exchange-rigging class action against major banks, arguing that material changes since its rejection as an opt-out action warrant a fresh opt-in bid.

  • July 29, 2026

    Australian Asset Manager Perpetual Rejects $1.8B EQT Bid

    Australian financial services group Perpetual said Wednesday that it has rejected a third approach from Swedish private equity unit EQT of 2.6 billion Australian dollars ($1.8 billion), but indicated that it would be open to an improved proposal.

  • July 28, 2026

    Like Milli Vanilli, Goldman FCPA Case Is A Ruse, Jury Told

    The government's foreign bribery case accusing a former Goldman Sachs banker of paying off Ghanaian officials to secure a lucrative energy deal is a lot like Milli Vanilli, his lawyer told a New York jury Tuesday, arguing that much like lipsynced songs of the fake late-1980s-era pop duo, prosecutors' version of events is not what it appears to be.

  • July 28, 2026

    Trade Unions Urge Burnham Toward Higher Taxes On Banks

    U.K. Prime Minister Andy Burnham should back higher taxes on banks following Barclays Group's financial results, a group of trade unions urged Tuesday.

  • July 28, 2026

    UK Pension Providers Back £1B Fund For Biz Startups

    A consortium of the largest U.K. pension providers is working to establish a £1 billion ($1.3 billion) fund to invest in British startup businesses, the government has said.

  • July 28, 2026

    EY Fined £1.2M For Rule Breaches On Made.com Audit

    The Financial Reporting Council fined EY £1.2 million ($1.6 million) and the firm's audit engagement partner Julie Carlyle £49,000 Tuesday for rule breaches in the audit of online furniture retailer Made.com's 2021 accounts.

  • July 28, 2026

    Ex-Banker Says Moldova's President Is Fueling $22B Case

    A Moldovan entrepreneur facing extradition from the U.K. for allegedly masterminding a $22 billion money laundering operation told a London court on Tuesday that the charges are politically motivated, claiming that the country's president sees "a threat in my face."

  • July 28, 2026

    Regulator Secures Win For Construction Co. Pension Plan

    The U.K.'s pensions watchdog said Tuesday that it has secured a settlement to protect members of a retirement plan after taking action against a construction company and a connected business it accused of avoiding £251,600 ($334,000) of debt.

  • July 28, 2026

    Bridgepoint Employee Group Sells £62M Share Stake 

    A Bridgepoint employee group has sold approximately 2% of the investment company's shares for around £62.4 million ($83 million) in a secondary share sale, broker BNP Paribas said Tuesday.

  • July 27, 2026

    UK Court Cuts Penalties, Upholds Bans Over Pensions Advice

    A U.K. appeals court upheld the Financial Conduct Authority's decision to ban a company director and pensions adviser from the financial services sector but reduced the watchdog's penalty assessment, holding Monday that fines should be proportionate to harm caused.

  • July 27, 2026

    Insurance Co. Loses Appeal Over Dividend Tax Restitution

    An insurance company can't rely on an earlier test case to extend limits for seeking restitution on taxes paid on dividends because the test case has since been overruled, the U.K.'s top court ruled Monday.

  • July 27, 2026

    Mexico Billionaire Not Financier's Only Victim, Judge Told

    A Greek financier who allegedly swiped $450 million from Mexican billionaire Ricardo Salinas Pliego in a fraudulent stock-for-cash loan deal has "numerous other victims," a prosecutor told a Manhattan federal judge Monday.

  • July 27, 2026

    Moldova Fights To Extradite Ex-Banker In $22B Fraud Case

    A Moldovan tycoon wanted for allegedly masterminding a $22 billion money laundering ring was the "leader" of an organized criminal group that corrupted judges to circumvent Russian currency controls, a prosecutor told a London judge Monday.

  • July 27, 2026

    FCA Finds Weak Monitoring In Consumer Duty Review

    Some financial businesses are failing to identify risks of harm under their consumer duty obligations because they have weak monitoring of the outcomes they deliver, according to a review published on Monday by the watchdog for the sector.

  • July 27, 2026

    Director Hit With 7.5-Year Ban Over £14M Overdraft Scheme

    A company director has been disqualified for 7.5 years for allowing two of his companies to channel money as part of a £13.9 million ($18.5 million) unauthorized banking transaction scheme, the Insolvency Service said Monday.

  • July 27, 2026

    FCA Wins £655K Order To Repay Fraudster's Victims

    Victims of a convicted investment fraudster are set to recover most of the money they lost after a court ordered him to repay more than £655,000 ($872,000) under proceeds-of-crime legislation, the Financial Conduct Authority said Monday.

  • July 27, 2026

    FCA Launches Campaign To Help Car Finance Victims

    The Financial Conduct Authority launched a national advertising campaign on Monday to help millions of car finance customers make free complaints about hidden commissions and claim compensation.

  • July 27, 2026

    Pensions Biz Railpen Walks Away From IP Group Bid

    IP Group said Monday that it will press ahead with its existing strategy after the company's largest shareholder, a U.K. retirement savings plan for railway staff, formally withdrew from a possible takeover.

  • July 24, 2026

    REIT Sued By Smith Square Partners Over £1.6M Tail Fee

    Home REIT PLC said Friday that it will "vigorously defend" a £1.6 million ($2.1 million) claim by former adviser Smith Square Partners LLP for an allegedly unpaid contractual fee tied to the company's property sales process.

  • July 24, 2026

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

    The past week in London has seen financial advice firm Smith Square Partners sue ailing social housing company Home REIT, Pogust Goodhead hit with a contract claim by one of its investors, and Entain faced with its latest claim in expanding litigation linked to alleged bribery at its former Turkish business. Here, Law360 looks at these and other new claims in the U.K.

  • July 24, 2026

    BoE Rejects 'Unfounded' Claims Of Weak AI Cyber-Defenses

    Andrew Bailey, governor of the Bank of England, has defended its cyber-defenses against criticism and warned that advances in artificial intelligence still pose a growing threat to the financial system.

  • July 24, 2026

    Visa, Mastercard Face CAT Swipe Fee Claim From UK Group

    A group of businesses is suing Visa and Mastercard at the Competition Appeal Tribunal, the latest in a series of cases alleging that the payment networks imposed anti-competitive charges, known as swipe fees, and rules on commercial card transactions.

Expert Analysis

  • 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.

  • How Russia Sanctions Trajectory Is Affecting UK Legal Sector

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    The proliferation of U.K. and European Union sanctions targeting Russia has led to a vast increase in legislative provisions, and lawyers advising affected businesses should expect a complex and evolving legal landscape for the foreseeable future, says Rob Dalling at Jenner & Block.

  • Tracking Crypto-Asset Tax Rules In 2025 And Beyond

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    The past year has seen an increasing amount of regulation in the crypto-asset space, with a range of novel and complex taxation challenges for regulators, and taxpayers can expect a marked increase in HM Revenue & Customs' compliance activity in the year ahead, says Liam McKay at RPC.

  • Navigating Legal Privilege Issues When Using AI

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    The recent explosion in artificial intelligence has led to prompts and AI outputs that may be susceptible to disclosure in proceedings, and it is important to apply familiar principles to assess whether legal privilege may apply to these interactions, say lawyers at HSF.

  • A Look At Factors Affecting Ombudsman Complaint Trends

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    Lawyers at Womble Bond provide an analysis of the Financial Ombudsman Service's complaint trends in 2025, highlighting the impact of changes within the FOS and external factors on the financial sector's redress system.

  • What To Know About FCA's Short Selling Regime Proposals

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    Although the Financial Conduct Authority’s recent proposals for changes to the U.K. short selling regime do not materially alter the rules, targeted reforms designed to reduce the administrative burden placed on position holders will be welcomed by market participants, say lawyers at McDermott.

  • How BoE Stablecoin Proposals May Reshape UK Payments

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    The Bank of England’s proposals for a sterling-denominated systemic stablecoin system amount to a substantial new regime, but it has a low-risk appetite for any change that would result in payment obligations migrating to a private stablecoin ledger and its tentativeness toward wholesale settlement is disappointing, say lawyers at Norton Rose.

  • Why EU's FDI Screening Proposals Require Careful Balance

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    The European Commission’s proposals to harmonize EU foreign direct investment screening regimes at the member state level require a trilogue between the commission, Parliament and council, which means political tensions need to be resolved in order to reach agreement on the five key reforms, say lawyers at Arnold & Porter.

  • OFSI Proposals Signal Greater Focus On Enforcement Activity

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    The Office of Financial Sanctions Implementation’s proposed financial sanctions reforms, with risks of higher penalties and more stringent disclosure requirements for U.K. banks and companies, reflect the agency’s evolution into a more sophisticated and robust enforcement regulator, says Irene Polieri at Gibson Dunn.

  • How Restructuring Reforms Will Streamline Insolvency Plans

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    The recently published revised practice statement on schemes of arrangement and restructuring plans promises midmarket businesses efficiency without diluting safeguards, positioning schemes as inclusive tools rather than elite options, say lawyers at Addleshaw Goddard.

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