Financial Services UK

  • October 16, 2026

    Receivers Lose Costs Bid In £5B Bitcoin Litigation

    Receivers seeking the proceeds from a Chinese investment fraud will not recover their legal costs after a dispute over which law governs claims to billions of pounds in cryptocurrency seized by British police, a London judge ruled Friday.

  • October 16, 2026

    RBS Denies Responsibility In £73M Rockfire Solar Bond Row

    The Royal Bank of Scotland has hit back against a collapsed investment company's £73 million ($97 million) claim, denying it had any responsibility for allegedly allowing payments earmarked for solar farms to be misappropriated for the company's director.

  • 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 failed 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).

Expert Analysis

  • Designing Management Incentives For An Uncertain PE Exit

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    With management teams increasingly asked to stay invested for longer periods as private equity holding periods extend and routes to exit become less predictable, management incentive plans require sufficient flexibility to remain effective, say lawyers at Morgan Lewis.

  • Tesla Win Establishes UK Courts May Set Patent Pool Rates

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    The recent U.K. Supreme Court decision in Tesla v. InterDigital & Avanci determined that English and Welsh courts can resolve license rate-setting disputes for standard essential patents, with a U.K. FRAND determination serving as leverage in negotiating high-value licenses for standardized technologies, say lawyers at Quinn Emanuel.

  • How Public Filing Pilot Is Influencing Litigation Strategy

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    The ongoing pilot program that makes it easier for third parties like journalists or academics to obtain court documents used in certain public hearings is reshaping how litigation teams draft skeleton arguments, settle expert evidence, and identify and restrict sensitive material, say lawyers at Greenberg Traurig.

  • Series

    Practice Leader Insights From Birketts' Jessica Caws

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    Jessica Caws, co-head of financial services at Birketts, discusses creating a collaborative environment for her junior colleagues, the excitement of working on a matter at the forefront of regulatory change, and why as a lawyer it is important to develop the ability to critically analyze information early on.

  • AI Voice Cloning Exposes Gaps In UK Personality Rights Law

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    The advent of artificial intelligence voice cloning has turned concerns over the absence of dedicated personality rights into a practical policy issue, and the U.K. government's planned consultation on digital replicas offers an opportunity to develop targeted intellectual property and fraud protections without undermining innovation, say lawyers at Foot Anstey.

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    Practice Leader Insights From RPC's Simon Hart

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    Simon Hart, head of RPC's financial services sector, discusses the importance of leading with clear goals and a shared purpose, the challenge of keeping clients focused under sustained pressure, and why junior lawyers should resist the trend to become too specialized early on.

  • Financial Firm Ruling Narrows Push Fraud Recovery Route

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    The recent Court of Appeal decision in Moorwand v. Hamblin rejected a derivative claim brought by victims of an authorized push payment fraud, clarifying that these claims will only succeed in limited circumstances where a provider is demonstrably put on inquiry for misappropriation, say lawyers at Irwin Mitchell.

  • FCA Nonfinancial Misconduct Rules Demand Shift For Firms

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    Under the Financial Conduct Authority's new nonfinancial misconduct framework, conduct like serious bullying, harassment and violence is now capable of generating regulatory consequences extending well beyond the workplace, and four questions are likely to occupy compliance teams over the coming months, says Chloe-Jane Belton at Howard Kennedy.

  • Series

    Practice Leader Insights From Reed Smith's Panos Katsambas

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    Panos Katsambas, global co-lead of Reed Smith's financial industry group, discusses how dealing with adversity in world events enabled him to handle volatility in his practice, how private credit and fund finance are now dominating the financial industry, and why it is important to remember that the legal industry is a service industry.

  • Why Bear Hugs Are Making A Comeback In UK M&A Deals

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    With "bear hugs" recently reemerging as an attractive negotiation tool for bidders in mergers and acquisitions, both target boards and potential acquirers should note the effect of the City Code on Takeovers and Mergers' timing and drafting limits, says Ben Land-Maycock at Covington.

  • What FCA Code Reforms May Mean For Solo-Regulated Firms

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    The Financial Conduct Authority’s recent proposals to create a more consistent and streamlined remuneration framework for solo-regulated firms will allow firms to design more flexible policies, but mean greater scrutiny of the firms’ decision-making, governance and recordkeeping, say lawyers at Birketts.

  • Key Points From High Court Ruling On FOS Time Bar Rule

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    In Barclays Bank v. Financial Ombudsman Service, the High Court recently blocked the FOS from investigating consumer complaints that fall outside the legal time limit, demonstrating courts’ willingness to look at the ombudsman's approach to its own jurisdiction, says Rachael Healey at RPC.

  • Series

    Practice Leader Insights From Morgan Lewis' Paul Denham

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    Paul Denham, head of Morgan Lewis' London finance practice group, discusses why working with nurturing partners helped him understand what good leadership should look like, how a Formula 1 financing transaction allowed a personal interest to cross into his day job, and the importance of being willing to adapt as markets change.

  • UK Corp. Crime Landscape Raises Global Governance Stakes

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    The Crime and Policing Act 2026 recently entered into force, highlighting a growing emphasis on governance and senior management oversight, the influence of compliance on commercial decision-making, and an overlap between legal and regulatory risk across jurisdictions, say lawyers at McDermott.

  • NYDFS Swedbank Order Offers Lessons On Candor

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    The New York State Department of Financial Services' consent order with Swedbank reflects the department's broad view of its investigative authority, emphasizes transparency, and underscores the risks of intrusive investigations that can occur if a regulator believes that it was misled, say attorneys at Paul Hastings.

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