Financial Services UK

  • July 20, 2026

    REIT Segro Bats Away Latest £13.5B Prologis Offer

    London-listed Segro said Monday that it has rejected a third takeover approach from U.S. real estate investment trust Prologis valuing it at £13.5 billion ($18.2 billion), but said it would be willing to engage in talks if an "improved proposal" was made.

  • July 17, 2026

    Property Developer Denied Appeal Of 2011 Fraud Conviction

    A former commercial property developer lost his bid to challenge his 2011 conviction for an investment fraud of more than £1.3 million ($1.7 million), as a London appellate court ruled Friday that his argument had "no merit whatsoever."

  • July 17, 2026

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

    The past week in London has seen Snapchat and Dolby press on with a fresh infringement claim in their ongoing patent battle, The Telegraph face an intellectual property claim by a photo archive, a group of international human rights barristers and chambers sued, and oil business Equinor embroiled in a contract dispute with BP after recently acquiring full ownership in their offshore project. Here, Law360 looks at these and other new claims in the U.K.

  • July 17, 2026

    MPs Fail To Endorse Ex-Virgin Money Boss As FRC Chair

    The British government has named Virgin Money's former chief executive Jayne-Anne Gadhia as its preferred candidate to become chair of the Financial Reporting Council, despite a parliamentary committee stopping short of backing her for the role.

  • July 17, 2026

    Slovenian Lender Ups Offer For Austrian Bank To €722M

    Slovenian lender NLB Group confirmed on Friday that it has raised its offer for Austrian banking group Addiko to €721.5 million ($825 million), as the bidding war with rival Raiffeisen Bank International heats up.

  • July 17, 2026

    DWP Scam Transfer Rules 'Unlikely To Work,' Trade Body Says

    The government must revise its planned changes to pension transfer regulations, as proposals intended to strengthen protections against scams could instead create unnecessary barriers to legitimate transfers while doing little to deter fraud, an industry body has warned.

  • July 17, 2026

    PE Biz Pecten Settles €118M Suit With Asset Manager Azimut

    Investment advisory firm Pecten Capital LLP has settled its claim against Italian asset manager Azimut over alleged breaches of agreements tied to a multimillion-euro investment in an industrial machinery manufacturer.

  • July 16, 2026

    Swedbank To Pay $50M Fine In Panama Papers-Linked Case

    Swedbank AB and its New York branch have agreed to pay a $50 million civil penalty to the New York State Department of Financial Services to resolve claims that the bank failed to fully cooperate with department requests for information related to Swedbank's relationships with Mossack Fonseca, the law firm at the center of the 2016 Panama Papers leak.

  • July 16, 2026

    2nd Circ. Shields Switzerland From Credit Suisse Bond Suit

    In a published opinion Thursday, the Second Circuit affirmed the dismissal of a $372 million bondholder suit against Switzerland over the 2023 collapse of Credit Suisse AG and the reduction in value of $17.3 billion of debt securities, agreeing with a New York judge that the country is immune from being sued in U.S. district court.

  • July 16, 2026

    HMRC Seeks Input On Reworking Bank Levy Definitions

    HM Revenue & Customs is seeking input on changing some of the definitions of terms in the U.K.'s bank levy legislation because of changes to the provisions they reference, according to a consultation launched Thursday.

  • July 16, 2026

    FCA Gets Misleading Car Finance Claims Adverts Removed

    The Financial Conduct Authority said Thursday that it had 170 misleading adverts for car finance compensation claims removed or changed by claims management companies in a single month, bringing the total to 1,200 since January 2024.

  • July 16, 2026

    Gov't Urged To Launch Adequate Pension Income Framework

    The U.K. government should develop a clearer national framework for measuring retirement adequacy to ensure the pension system is guaranteeing savers have enough money to live well in later life, an influential trade body has said.

  • July 16, 2026

    Commissioner Reports Sharp Rise In FCA Complaint Reviews

    The Office of the Complaints Commissioner has said in its annual report that it reviewed more than 50% more complaints about the Financial Conduct Authority in 2025-26 than in the previous year, particularly those about the British Steel Pension Scheme.

  • July 16, 2026

    Capita Seeks To Cut Damages In £5M Data Breach Claim

    Outsourcing giant Capita urged a London court on Thursday to trim the claims of almost 4,000 individuals who say the company owes them up to £5 million ($6.75 million) over a cyberattack, arguing that claims for aggravated and exemplary damages are not supported by evidence. 

  • July 16, 2026

    UK Targets Gold Networks Funding Sudan War With Sanctions

    The government announced sanctions on Thursday designed to target Sudan's illicit gold trade, procurement networks and the financial facilitators suspected of helping sustain the country's civil war.

  • July 16, 2026

    PIC Completes £4.3B Rolls-Royce Pension Plan Buyout

    Pension Insurance Corporation PLC has taken on full responsibility for all 36,000 members of the Rolls-Royce UK Pension Fund, just nine months after signing a £4.3 billion ($5.8 billion) deal with the British aerospace and defense giant.

  • July 16, 2026

    Frozen Thresholds Drag 10M UK Pensioners Into Paying Tax

    The number of U.K. pensioners paying income tax has risen by three million in the five years since earning thresholds were frozen, government figures have revealed.

  • July 15, 2026

    Lloyds PE Unit Backs Brady Solicitors To Fuel Expansion

    LDC (Managers) Ltd. has invested in law firm Brady Solicitors, based in central England, backing its expansion plans as private equity investors continue to explore opportunities in the U.K. legal sector.

  • July 15, 2026

    Dubai Fund Loses Bid To Join €45M NCA Frozen Assets Case

    A London judge refused Wednesday to allow an investment fund to join litigation over frozen bank accounts allegedly containing the proceeds of a €45 million ($51 million) fraud the fund says it suffered.

  • July 15, 2026

    Honesty Best Policy After Top UK Court's 'Good Faith' Ruling

    The ruling by the U.K. Supreme Court on the bounds of a director's duty to act in "good faith" makes it clear that honesty is the best policy, even if directors are at odds over what they think is best for their company, lawyers say.

  • July 15, 2026

    Pensions Watchdog Sets Out Strategy For Next 5 Years

    Britain's retirement savings watchdog has said its work over the next five years will be driven by raising governance standards and ensuring value for money, while it seeks to improve sustainable outcomes for people at retirement.

  • July 15, 2026

    UK To Ease Ring-Fencing Rules To Spur Bank Lending

    The Bank of England and the government have released proposals to ease rules on ring-fenced banking, which would free up retail banks to lend more money and share services so far restricted to the investment banking side.

  • July 15, 2026

    Saudi Investor Appeals Time-Barred Claim In $5M Loan Fight

    A Saudi investor urged an appeals court Wednesday to revive its $5 million claim over an unpaid loan agreement, arguing that a London judge wrongly held the case was time-barred by applying too strict a test for what constituted an acknowledgment of the claim.

  • July 15, 2026

    BoE Chief Calls For Law Reform For AI In Financial Advice

    The U.K. should start working now on major legal and public policy changes to account for the rising number of consumers using chatbots for financial advice, the governor of the Bank of England has warned.

  • July 15, 2026

    OECD Tells UK Gov't To Scrap Triple-Lock Pension Policy

    The U.K. government should scrap the "unusually generous" triple-lock pension policy to reduce fiscal uncertainty in Britain, the Organisation for Economic Co-operation and Development said Wednesday.

Expert Analysis

  • FCA's Odey Decision Is Wake-Up Call For Financial Firms

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    The Financial Conduct Authority recently banned hedge fund boss Crispin Odey from working in financial services, underscoring the critical importance the regulator places on whether individuals are fit and proper to perform regulated activities, and the connection between nonfinancial misconduct and the integrity of the financial markets, say lawyers at Pallas Partners.

  • What To Know About FCA's UK Listing Rules Proposal

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    A recent consultation paper from the Financial Conduct Authority aims to streamline the securities-listing process for U.K.-regulated markets, including by allowing issuers to submit a single application for all securities of the same class, and aligning the disclosure standards for low-denomination and wholesale bonds, say lawyers at Debevoise.

  • Opinion

    UK Gov't Needs To Take Action To Support Whistleblowing Bill

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    With a proposed Office of the Whistleblower Bill making its way through the U.K. Parliament, whistleblowing is starting to receive the attention it deserves, but the key to unlocking real change is for the government to take ownership of reform proposals and appoint an overarching whistleblowing champion, says Baroness Susan Kramer at the House of Lords.

  • New UK Short Selling Rules Diverge From EU Regs

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    Although forthcoming changes to the U.K.’s short selling regulatory regime represent a welcome relaxation of restrictions and simplification of reporting processes, participants active in both the U.K. and EU markets will need to ensure compliance with two quite different sets of rules, says Ezra Zahabi at Akin.

  • What Latest FCA Portfolio Letter Means For Payments Firms

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    Charlotte Hill at Charles Russell discusses the Financial Conduct Authority’s recent portfolio letter to CEOs of payments firms, outlining the regulator’s expectations, and the steps that these companies may now need to take to ensure compliance and operational effectiveness.

  • ECB Guide Targets Harmonized Cyber Testing Approach

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    The European Central Bank’s recently updated guidance for testing organizational resilience against sophisticated cyberattacks is a significant step forward, highlighting the importance of a unified approach to financial sector cybersecurity and alignment with Digital Operational Resilience Act requirements, say Simon Onyons and Nebu Varghese at FTI Consulting.

  • Opinion

    Prospects For New Fraud Prevention Prosecution Look Slim

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    With the Labour Party's inherited patchwork of Conservative Party corporate crime legislation for preventing fraud and corruption, the forthcoming Economic Crime Act’s failure to prevent fraud offense is unlikely to be successful in assisting prosecutors bring companies to justice, says Matthew Cowie at Rahman Ravelli.

  • What's Next After FCA Drops Troubled 'Name And Shame' Plan

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    A closer look at the Financial Conduct Authority's recent decision to toss its widely unpopular proposal changing the test for announcing enforcement investigations may reveal how we got here, why the regulator changed course, and where it’s headed next, say lawyers at Hogan Lovells.

  • UK Refusal Of US Extradition Request May Set New Standard

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    The recent U.K. Supreme Court ruling in El-Khouri v. U.S., denying a U.S. extradition request, overturns a long-held precedent and narrows how U.K. courts must decide such requests, potentially signaling a broader reevaluation of U.K. extradition law, say lawyers at Dechert and Kingsley Napley.

  • Insights On ESMA's Alternative Investment Fund Consultation

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    Aaron Mulcahy at Maples Group discusses key points from the European Securities and Markets Authority’s recent consultation on open-ended loan-originating alternative investment funds, highlighting the growth in semi-liquid evergreen funds and explaining ESMA’s proposed standards.

  • How UK Supreme Court May Assess Russia Sanctions Cases

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    In two recent U.K. Supreme Court cases challenging the U.K. Russia sanctions regime, the forthcoming judgments are likely to focus on proportionality and European Convention on Human Rights compatibility, and will undoubtedly influence how future challenges are shaped, says Leigh Crestohl at Zaiwalla.

  • Roundup

    Practice Leader Insights

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    Practice group leaders share thoughts on keeping the pulse on legal trends, tackling difficult cases and what it takes to make a mark in their area in this Expert Analysis series.

  • New UK Order Offers Welcome Clarity To Crypto Staking Rules

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    The recently effective Financial Services and Markets Act 2000 Amendment Order clarifies that arrangements for qualifying crypto-asset staking do not amount to a collective investment scheme, and by addressing an issue that curtailed staking activities in the U.K., facilitates the use of that practice, says Andrew Henderson at Goodwin.

  • How EU's Anticoercion Tool May Counter New US Tariffs

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    The never-before-used anticoercion instrument could allow the European Union to respond to the imposition of U.S. tariffs, potentially effective March 12, and gives EU companies a voice in the process as it provides for consultation with economic operators at different steps throughout the procedure, say lawyers at Crowell & Moring.

  • Takeaways From BoE Progress Updates On UK Digital Pound

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    The Bank of England’s recent update on a decision concerning a digital pound indicates that there is scope for innovation in the payments landscape that can help to boost economic growth, while keeping the U.K. firmly in the global conversation on digital currency development, say lawyers at Hogan Lovells.

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