Financial Services UK

  • October 05, 2026

    FCA Redress Program 'Fatally Flawed,' Lenders Tell Tribunal

    Motor finance lenders and a consumer advocacy body labeled the Financial Conduct Authority's redress program as fundamentally flawed at the Upper Tribunal on Monday, with some asking to allow expert witnesses to challenge the assumptions.

  • October 05, 2026

    SEC Censures JPMorgan Over Disqualified Swaps Trader

    JPMorgan Securities and JPMorgan Chase Bank have agreed to a cease-and-desist order and a censure from the U.S. Securities and Exchange Commission to resolve claims that the firms allowed a person who was statutorily disqualified due to a violation in the U.K. to effectuate security-based swap transactions.

  • October 05, 2026

    Lessors Say Reinsurers Owe $4B For Planes Stuck In Russia

    Reinsurers cannot refuse multibillion-dollar claims for planes stranded in Russia on the basis that they're not covered by reinsurance policies arranged by airlines, a group of lessors told the opening of trial Monday.

  • October 05, 2026

    Clean Energy Fund Sued For £2.8M In Grid Connection Costs

    A renewable energy investment fund has been sued by solar energy company Enviromena for £2.8 million ($3.7 million), after a project it acquired from the fund had higher grid connection costs than expected.

  • October 05, 2026

    A&L Goodbody-Led Permanent TSB Rejects Rival Buyout

    Permanent TSB Group rejected a potential takeover offer from investment firm Axis Capital Ltd. on Monday, saying it was focused instead on completing an agreed takeover by another rival.

  • October 05, 2026

    Asset Manager Team To Buy Rival For At Least £3M

    Asset manager Team PLC said Monday that it has agreed to buy wealth manager Hedley & Co. Stockbrokers Ltd. for at least £3 million ($4 million) as it seeks to expand in the U.K. and boost profitability.

  • October 02, 2026

    BitGo Breached Token 'Lock-up' Period, $141M Suit Claims

    Digital asset infrastructure company BitGo has been sued for $141 million by two companies linked to crypto market maker DWF Labs, who allege BitGo caused a drop in token value by releasing tokens it had bought from them onto the market in breach of an agreed "lock up" period.

  • October 02, 2026

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

    The past week in London has seen former West Ham United co-chair David Sullivan file a defamation claim against the BBC, British rock band Oasis sue its former sound engineer to halt an auction of recordings, and Home REIT sued by its shareholders for misleading statements about the company's portfolio.

  • October 02, 2026

    Consumer Voice CEO Mulls Car Loan Redress Shortcomings

    Legal challenges to the Financial Conduct Authority's motor finance redress program will reach a crucial stage on Oct. 5, when the Upper Tribunal begins a two-day hearing on scheduling its decision and whether to allow expert witnesses.

  • October 02, 2026

    Investors Lose €50M Fraud Appeal Over Fund Conflict Claim

    An Italian investment vehicle can't revive a €50 million ($56.4 million) fraud case, after an appeals court held Friday that a wealth manager was not obligated to disclose all facts material to their investments.

  • October 02, 2026

    Home REIT Hit With £120M Claim Over Misleading Statements

    More than 800 shareholders in Home REIT have sued the investor in social housing for £120 million ($158 million), seeking compensation for losses caused by allegedly "misleading statements" the company made about itself and its property portfolio.

  • October 02, 2026

    FCA Survey Highlights Sector's Regulatory Burden Concerns

    Regulatory burdens remain a persistent concern for the U.K.'s financial services firms, the Financial Conduct Authority warned Friday, with companies questioning whether its streamlining efforts really are driving tangible reductions in costs and administrative work.

  • October 02, 2026

    European Bank To Buy Stake In Lender For Up To €64M

    The European Bank for Reconstruction and Development said Friday that it plans to acquire a 5% stake in AikGroup for up to €64 million ($72 million) to support the lender's expansion across the Adriatic region.

  • October 02, 2026

    Judge Orders Redraft Of €37M Real Estate Debt Defense

    A real estate businessman has lost part of his defense and his entire counterclaim in a €37 million ($41.6 million) debt dispute as a court struck them out, citing his "surprisingly severe" failure to disclose any reasonable grounds for defending against the claim.

  • October 02, 2026

    Ex-HSBC Banker Banned For Dodging £6K In Train Fares

    The Financial Conduct Authority has banned a former HSBC banker from working in regulated financial services in the U.K. after he was convicted of fraud for repeatedly evading train fares.

  • October 01, 2026

    Secure Trust Sues Property Developers Over £13.8M In Loans

    A retail bank has sued two property developer brothers to recover £13.8 million ($18.2 million) in loans it advanced to three collapsed real estate companies linked to the men.

  • October 01, 2026

    FCA Pledges Review After Whistleblower's Death

    The Financial Conduct Authority has promised to review its engagement with a prolific whistleblower who died shortly after losing an employment tribunal claim against his former Wall Street employer. 

  • October 01, 2026

    Brazilian Fintech Not Pursuing Rumored £10B Deal For Monzo

    The parent company of Brazil's Nubank has said it is not pursuing a takeover of Monzo, in response to media speculation of a £10 billion ($13 billion) takeover of the British digital bank.

  • 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.

Expert Analysis

  • Landmark VAT Ruling Should Shift HMRC Reply On Guidance

    Author Photo

    The recent decision in Hotelbeds Ltd. v. Revenue and Customs Commissioners on the recovery of input tax, confirming that HMRC is bound to comply with its own guidance, will make the agency rethink its usual response to allegations that the policy was not law, say lawyers at Kennedys.

  • Evolving General Partner Stakes Market Brings Opportunities

    Author Photo

    The rapid increase in investment in general partner stakes by private capital managers indicates its advantages over both strategic sales and initial public offerings, including the ability to retain greater operational control over the business and to avoid the scrutiny that accompanies a listing, says Nicholas Page at Macfarlanes.

  • How UK Proposal On Late Payments Could Affect SMEs

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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.

    Author Photo

    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.

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Financial Services UK archive.