Financial Services UK

  • October 01, 2026

    Investment Manager Loses EU Bid For 'MarketVector' TM

    A European court has dismissed investment manager Van Eck's bid to register a trademark for "MarketVector Indexes," ruling that clients could mistakenly believe it was linked to a rival's earlier "Vector Fund" branded range of services.

  • October 01, 2026

    AMLA Sets Out New Client Checks To Combat Financial Crime

    The European Union's financial crime watchdog has finalized draft requirements setting out when companies must check customers, how they should verify identities and what information corporate groups must share to combat money laundering and terrorist financing.

  • October 01, 2026

    ESMA Calls For Stronger Crypto Regulation To Curb Risks

    ​The European Union's securities regulator has called for changes to the bloc's crypto-asset rules to strengthen investor protection, close regulatory gaps and provide clearer rules for emerging services including decentralized finance, staking, lending and borrowing.

  • October 01, 2026

    DBS, ING Provide $1.3B Loan For London Office Refurb

    DBS Bank and ING Bank have provided property investors with a loan of 1.72 billion Singapore dollars ($1.34 billion) to finance the refurbishment of a major office and retail development in the City of London.

  • October 01, 2026

    EU Seeks To End Cancer Survivors' Barriers To Insurance

    The European Commission has proposed measures that will require member states to bar financial services providers from considering a person's cancer history when they assess risk after a specified period.

  • September 30, 2026

    Climate Risk Repricing Threatens UK, Bank Of England Says

    The Bank of England said Wednesday that the secondary effects of climate change on sovereign and corporate bond markets were the biggest threat to the U.K.'s financial stability. 

  • September 30, 2026

    FCA Simplifies Climate Reporting Rules For Listed Issuers

    The Financial Conduct Authority published simplified final rules Wednesday requiring listed companies to report how climate change and other sustainability issues could affect their businesses on a comply-or-explain basis.

  • September 30, 2026

    Deep Pockets Fuel Shareholder Claims Despite Few Rulings

    Shareholder claims against listed companies continue to attract investors and funders despite the lack of a clear, trial-tested route to recovery for group actions, as lawyers say that the potential value of the claims and the prospect of settlement can make the legal uncertainty worth taking on.

  • October 07, 2026

    A&O Shearman Hires Stephenson Harwood Secondaries Team

    A&O Shearman said Wednesday that it has recruited two partners and the rest of their secondaries team from Stephenson Harwood to help drive growth of the business in London.

  • September 30, 2026

    Ex-NCA Officer Ordered To Repay £1.8M After Bitcoin Theft

    A former National Crime Agency officer will have to repay more than £1.8 million ($2.7 million) after he stole 50 bitcoins during an investigation into dark web drug dealing, prosecutors said on Wednesday.

  • September 30, 2026

    Knight Frank Faces £17M Claim Over Property Valuations

    An investment firm has sued Knight Frank LLP for £17.2 million ($22.8 million), alleging that the property adviser negligently overvalued a portfolio of residential properties used to secure an £80 million loan.

  • September 30, 2026

    Crypto Firms Can Seek FCA Approval As New Gateway Opens

    Crypto firms can now apply to the Financial Conduct Authority for permission to operate, as part of a wider push to strengthen the U.K.'s position as a global hub for crypto-assets, the City regulator said Wednesday.

  • September 30, 2026

    Court Rescues Co. Wrongly Charged £1.7M For Bitcoin Scam

    The Court of Appeal has overturned a judgment requiring a cryptocurrency exchange to pay £1.7 million ($2.3 million) to the victim of a bitcoin scam, finding that the company was blameless and the order based on flawed evidence.

  • September 30, 2026

    K&S Law-Led Liontrust To Buy Fund Manager Unit For £10M

    Liontrust said Wednesday it has agreed to purchase Hawksmoor Investment Management's fund management and model portfolio services business for up to £10 million ($13.3 million) in cash to expand its client base.

  • September 30, 2026

    Nuveen's £10B Takeover Of Schroders Wins Court Approval

    Nuveen can proceed with its £9.9 billion ($13.2 billion) takeover of Schroders after the High Court sanctioned the deal, clearing the way for the City investment manager to be taken private.

  • September 29, 2026

    Binance Unauthorized Derivatives Claim Swells To £250M

    More than 1,000 investors have joined a group action case accusing Binance of illegally selling them high-risk derivatives products, increasing the value of the claim to £250 million ($331 million), their lawyers said Tuesday.

  • September 29, 2026

    AI Smashes Defenses Of Crypto Applicants For FCA Regime

    Criminals using artificial intelligence could smash through the systems and controls of many crypto businesses planning to apply for authorization under the Financial Conduct Authority's crypto regime in the six-month window that starts Wednesday, lawyers have warned.

  • September 29, 2026

    Paralegal Loses Appeal To Revive Case Against Recruiter 

    A paralegal has lost his bid to revive discrimination claims against the Financial Ombudsman Service and a recruitment agency, after a tribunal found he missed the deadline to appeal by six days. 

  • September 29, 2026

    Barclays Wins Approval For Targeted Investment Support

    The Financial Conduct Authority has approved Barclays' plan to reach new customers with more personalized investment advice, the bank said Tuesday.

  • September 29, 2026

    MFS Boss Blames Barclays For Collapse In £1.3B Fraud Case

    The former owner of Market Financial Solutions has denied siphoning off £1.3 billion ($1.7 billion) from the property finance business, blaming Barclays for its collapse.

  • September 29, 2026

    Julius Baer Must Hold Extra Capital As Swiss AML Probe Ends

    Julius Baer must hold at least 250 million Swiss francs ($300 million) in additional capital and obtain regulatory approval for payments to shareholders after Switzerland's financial regulator found Tuesday that the bank breached risk management and anti-money-laundering requirements.

  • September 28, 2026

    British Airways Beats £5.8M Tax Bill For Worker Hotel Stays

    Money that British Airways spent on London hotel rooms for cabin crew members working back-to-back shifts was not employee income subject to nearly £5.8 million ($7.7 million) in taxes, a U.K. court ruled Monday, saying the funds were deductible travel expenses.

  • September 28, 2026

    Scottish Broker Accused Of Embezzlement Ruled Bankrupt

    The Financial Conduct Authority on Monday said it has secured a bankruptcy order against a Scotland-based insurance broker who is currently awaiting trial on embezzlement charges. 

  • September 28, 2026

    SocGen, Vodafone Get EU Approval For German Fiber Co. Buy

    The European Commission said Monday it has cleared banking giant Société Générale and telecoms company Vodafone GmbH's plan to jointly own German fiber network OXG Glasfaser.

  • September 28, 2026

    FCA Secures Refund For Victims Of £1.5M Crypto Fraud

    The Financial Conduct Authority said Monday it has secured more than £850,000 ($1.1 million) in confiscation orders against two individuals involved in a £1.5 million crypto-investment fraud.

Expert Analysis

  • How UK Proposal On Late Payments Could Affect SMEs

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    The U.K. government’s ongoing late payments consultation would claw back much-needed leverage for small and midsize enterprises negotiating with large organizations, should the reforms be implemented as proposed, say lawyers at Shoosmiths.

  • Waldorf Ruling Signals Recalibration For Restructuring Plans

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    The recent High Court landmark judgment refusing to sanction Waldorf Production PLC's restructuring plan underscores a change in the way courts assess whether such plans are fair, indicating not their demise but a pivotal moment in their evolution, say lawyers at Simpson Thacher.

  • Key Points From UK And Japan's Antitrust Cooperation Pact

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    The memorandum of cooperation recently signed between the U.K. and Japan to promote collaboration in competition law enforcement is a meaningful step that offers cross-border businesses an improved foundation for earlier alignment and better risk management, say lawyers at Steptoe.

  • Opinion

    New US-UK Tech Deal Offers Opportunities To Boost Growth

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    The recently announced U.S. and U.K. Technology Prosperity Deal, encouraging businesses on both sides of the Atlantic to work together toward technological advance, will drive both investment in U.K. capabilities and returns for U.S. investors, says Peter Watts at Hogan Lovells.

  • What Draft AML Reforms Mean For UK Financial Sector

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    HM Treasury’s recently published draft regulations amending the U.K. Money Laundering Regulations, although not as material as expected, are a step toward a targeted risk-based approach, which the industry will welcome, say lawyers at Ropes & Gray.

  • What Key EU Data Ruling Means For Cross-Border Transfers

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    The European Union Court of Justice’s recent judgment in European Data Protection Supervisor v. Single Resolution Board takes a recipient-specific approach concerning pseudonymized information, but financial services firms making international transfers should follow the draft EU Data Protection Board guidelines’ current stricter approach, says Nathalie Moreno at Kennedys Law.

  • EU-US Data Transfer Ruling Offers Reassurance To Cos.

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    The European Union General Court’s recent upholding of the EU-U.S. Data Privacy Framework in Latombe v. European Commission, although subject to appeal, provides companies with legal certainty for the first time by allowing the transfer of European Economic Area personal data without relying on alternative mechanisms, say lawyers at Wilson Sonsini.

  • Privy Council Shareholder Rule Repeal Is Significant For Cos.

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    The recent Privy Council ruling in Jardine v. Oasis Investment abrogates the shareholder rule, which precluded a company from claiming legal advice privilege for document production in shareholder litigation, providing certainty to company directors seeking legal advice, say lawyers at Harneys.

  • Supreme Court Ruling Stands Firm On Trust Law Principles

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    The U.K. Supreme Court’s recent strict application of trust law in Stevens v. Hotel Portfolio may render it more difficult for lawyers in future cases to make arguments based on a holistic assessment of the facts, says Olivia Retter at Quinn Emanuel.

  • FCA's Woodford Fine Sends Warning To Fund Managers

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    The Financial Conduct Authority’s recent decisions concerning Neil Woodford and the collapse of Woodford Investment Management mark an important moment for the U.K. investment industry, underscoring the regulator's focus on senior managers' personal accountability and the importance of putting investors’ interests at the heart of decision-making, say lawyers at Irwin Mitchell.

  • UK Supreme Court Dissent May Spark Sanctions Debate

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    While the recent U.K. Supreme Court's rejection of Eugene Shvidler’s appeal determined that sanctions decisions are primarily the government’s preserve, Justice Leggatt’s dissenting view that judges are better placed to assess proportionality will cause ripples and may mark a material shift in how future appeals are approached, say lawyers at Seladore.

  • What EBA Report Means For Non-EU Financial Firms

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    In a recent report concerning unregulated third country banks, the European Banking Authority decided not to extend a bank-to-bank exemption under the Capital Requirements Directive, raising a number of compliance issues for cross-border services, say lawyers at A&O Shearman.

  • HMRC's Automation Shift Likely To Alter Tax Adviser Role

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    HM Revenue & Customs’ recently released digital transformation road map promises greater efficiency and a modernized compliance regime, but the increased automation could also mean that the tax adviser role will become more proactive and more defensive, say lawyers at RPC.

  • How AI May Have Made A Difference In Monzo Bank Breaches

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    Artificial intelligence tools have the capabilities needed to keep pace with increasingly sophisticated threats, and such tools might have helped prevent the anti-money laundering failures that led to the recent £21.1 million fine against Monzo Bank, says Alexander Vilardo at Howard Kennedy.

  • Charting A Course For The UK's Transition From Paper Shares

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    The recent report from the U.K.'s Digitisation Taskforce, recommending modernization of how shares in U.K.-listed companies are held, makes it clear that while moving from paper shares to an intermediated system is a positive step, the transition will not be without complications, say lawyers at HSF Kramer.

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