The Financial Conduct Authority is putting senior managers of banks at a potentially higher risk of enforcement action after a tribunal forced it to partially suspend its motor finance compensation program, lawyers warn.
The government's growing use of sanctions to disrupt criminals targeting Britain is creating more work for white-collar lawyers, even if they object that the heavy-handed foreign policy tool flouts the rule of law.
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Many U.K. cryptocurrency companies will fail to achieve authorization under the Financial Conduct Authority's new regime when it goes live in October 2027, lawyers have warned.
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The decision by a British bank to voluntarily pay £31.7 million ($42 million) to consumers and avoid a full investigation by the finance watchdog is part of a growing strategy to resolve cases of market misconduct more quickly, lawyers say.
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The Financial Conduct Authority is putting senior managers of banks at a potentially higher risk of enforcement action after a tribunal forced it to partially suspend its motor finance compensation program, lawyers warn.
The government's growing use of sanctions to disrupt criminals targeting Britain is creating more work for white-collar lawyers, even if they object that the heavy-handed foreign policy tool flouts the rule of law.
Many U.K. cryptocurrency companies will fail to achieve authorization under the Financial Conduct Authority's new regime when it goes live in October 2027, lawyers have warned.
The decision by a British bank to voluntarily pay £31.7 million ($42 million) to consumers and avoid a full investigation by the finance watchdog is part of a growing strategy to resolve cases of market misconduct more quickly, lawyers say.
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July 14, 2026
The U.K.'s insurance regulators proposed Tuesday a new regulatory regime for the captive insurance market to support economic growth.
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July 14, 2026
Investors suing Boohoo Group PLC for more than £245 million ($328 million) argued Tuesday they should be able to use expert evidence during a preliminary trial of claims that the fast-fashion retailer made misleading statements about its use of sweatshops.
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July 14, 2026
The Financial Conduct Authority said Tuesday that its board has appointed former Macfarlanes LLP lawyer Dan Lavender to its committee that ensures contested enforcement decisions are made fairly.
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July 14, 2026
The government began a "landmark" project on Tuesday with the financial services sector, designed to future-proof the industry for skills needed in the coming years, amid concerns over the "unprecedented disruption" posed by artificial intelligence.
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July 14, 2026
The Treasury's champion of wholesale digital markets, Chris Woolard, has set out for Chancellor Rachel Reeves a 12-month plan to get companies, regulators and the government to develop online assets in wholesale financial markets.
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July 14, 2026
The government has said it wants to hike levies on pension funds to plug a £154 million ($206 million) shortfall in the cost of regulating the sector.
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July 14, 2026
The nation's largest pension schemes have £5.3 billion ($7 billion) invested in U.K. unlisted markets, according to data published by the sector's regulator, as the government pushes ahead with its megafund reforms.
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July 14, 2026
A director who covertly sabotaged his board's strategy to sell a business breached his statutory duty to act in good faith, Britain's top court ruled Tuesday, holding that his belief that he was acting in the company's long-term interests did not excuse his conduct.
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July 13, 2026
Portofino Technologies has accused Citadel Securities of using its decision to drop its trade secrets lawsuit against the Swiss cryptocurrency trading firm as an opportunity to drum up bad press about Portofino, and papering over the fact that an $8 million judgment it won in the dispute is a "pyrrhic victory."
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July 13, 2026
A group of MPs called on the government Tuesday to work with the Financial Conduct Authority to set standards for the detail, targets and accountability needed to support the Treasury's incomplete financial inclusion strategy by January.
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July 13, 2026
Members of the U.K.'s largest pension plans will be able to access the first value-for-money reports in two years' time, the government said Monday, as part of what it described as the biggest shake-up of the sector in a generation.
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July 13, 2026
Britain and the European Union imposed a new round of sanctions Monday on top Russian military intelligence officials and proxies the authorities said are behind attempts to sow chaos and division in Europe through cyberattacks and anti-Ukraine propaganda.
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July 10, 2026
A London court ruled Friday that Mishcon de Reya LLP and its clients do not have to disclose communications concerning information obtained about their opponents through covert investigations in a $3 billion inheritance dispute, saying the iniquity exception to legal professional privilege does not apply.
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July 10, 2026
A tribunal has ruled that Lloyds Bank acted reasonably in dismissing a former assistant risk manager, finding that she failed to recognize shortcomings in her performance, despite months of coaching and support.
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July 10, 2026
The past week in London has seen lawyer Ian Rosenblatt launch legal action against music mogul Simon Cowell, Boohoo face a fresh investor claim after previously facing allegations that it feigned ignorance of labor abuses in its supply chain, and an ex-Tory MP and his chief of staff sued by their former employer. Here, Law360 looks at these and other new claims in the U.K.
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July 10, 2026
An investment fund manager and a consultancy failed Friday to overturn a ruling that they had stolen confidential information to set up a Venezuelan debt investment fund after a joint venture failed, as the Court of Appeal rejected their argument that the material was already public.
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July 10, 2026
The government said Friday it will bring cloud computing giants under direct financial regulatory oversight as it seeks to strengthen the resilience of the country's financial system and reduce the risk that widespread service disruption could affect banks, insurers and consumers.
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July 10, 2026
The Financial Conduct Authority said Friday that it has found failings in how financial services businesses designed, monitored or distributed products under its consumer duty requirement.
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July 10, 2026
Finnish lender S-Bank PLC has agreed to acquire a domestic competitor, Oma Savings Bank PLC, in a recommended all-cash takeover valued at €571.4 million ($653.4 million), a move intended to create a stronger financial player.
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July 09, 2026
The European Union's top court ruled Thursday against an Austrian law that provided a value-added tax exemption for certain transactions in the banking and insurance sectors, holding that the tax break functioned as illegal state aid under EU law.
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July 09, 2026
The City regulator said in its latest annual report on Thursday that it led an international crackdown on illegal financial promotions over the past year, making three arrests, requesting 650 social media takedowns and intensifying its fight against financial crime.
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July 09, 2026
Outsourcing giant Capita warned Thursday that problems administering the U.K. Civil Service Pension Scheme will cut its 2026 profit by up to £40 million ($54 million) and delay its return to surplus cash generation.
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July 09, 2026
Britain's accounting watchdog said Thursday that 191 organizations meet the conditions to be signed up to its revised UK Stewardship Code, announcing that 290 businesses are now signatories to the framework.
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July 09, 2026
Workplace pension scheme Nest plans to invest up to £1 billion ($1.3 billion) in growing private companies via a dedicated venture capital portfolio managed by Schroders Capital, to boost long-term returns and increase backing for British startups.
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July 09, 2026
Around 85% of personal, workplace and state pension records are now connected to the retirement savings dashboard system, the government has said, highlighting that the delayed program is on track to meet its Oct. 31 deadline.