Financial Services UK

  • October 09, 2026

    Macquarie Offers CMA Fix For Meter Reading Deal

    Britain's competition enforcer is mulling a proposed fix for Macquarie Asset Management's planned purchase of electricity and gas metering company Energy Assets Group, after raising concerns about gas metering services for commercial customers.

  • October 09, 2026

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

    The past week in London has seen PrivatBank sue its former oligarch owner, building materials provider Kingspan face a €100 million ($112 million) claim over Grenfell Tower cladding and energy giants VaroPreem and Viaro Energy become embroiled in an intellectual property row.

  • October 09, 2026

    FCA Faces Calls To Replace Andriesz Whistleblower Probe

    Lawyers and MPs are calling for an externally-led investigation into the handling by the Financial Conduct Authority of whistleblower Simon Andriesz before his recent suicide, the latest in a series of controversies over its treatment of whistleblowers.

  • October 09, 2026

    BoE Urges Banks To Act On Cloud Disruption Test Findings

    The Bank of England said Friday it has tested the financial sector's ability to respond to a global cloud services outage, bringing together 38 of the U.K.'s largest lenders and market infrastructure operators in a crisis management exercise.

  • October 09, 2026

    Scotchstone Weighs Joining Permanent TSB Buyout Bids

    Investment firm Scotchstone Capital LLP said Friday it is considering making a takeover offer for Permanent TSB Group Holdings PLC, potentially increasing competition for the Irish lender as it pursues an already-agreed acquisition by Austria's Bawag Group.

  • October 09, 2026

    Bank Backstops Still Fall Short In Most Countries, FSB Warns

    Half of major global jurisdictions have "material gaps" in emergency public funding arrangements for failing systemically important banks, leaving authorities at risk of having to "improvise under pressure" during a financial crisis, a stability-standards setter warned Friday.

  • October 09, 2026

    EU Mulls Use Of Tokenized Collateral In Central Clearing

    ​The financial markets regulator of the European Union said Friday that it is weighing whether tokenized assets can be used safely as collateral in central clearing as the digital asset technology moves closer to mainstream use.

  • October 09, 2026

    Law Firm Beats Bank's £10M Oligarch Conspiracy Claim

    A law firm owned by Seddons GSC has defeated a Luxembourg-based bank's claim that it conspired with a Russian media tycoon to avoid repaying £10 million ($13.2 million) in debt.

  • October 09, 2026

    Ex-Deutsche Bank Trader Quashes Rate-Rigging Conviction

    An English appeals court threw out on Friday the conviction of a former Deutsche Bank trader who had pleaded guilty to fraud for rigging benchmark interest rates, becoming the latest in a series of bankers to have their convictions overturned. 

  • October 08, 2026

    Wealth Manager Sues Execs Over £100M Client Poaching Plot

    A wealth management business has accused three ex-employees of setting up competing businesses that snapped up clients with more than £100 million ($132.2 million) in managed assets, claiming they secretly built up the rival while on its payroll.

  • October 08, 2026

    Completed 'Mega-Deals' Reach Record High, WTW Says

    Broking and advisory business WTW said Thursday that the number of $10-billion plus deals that have completed this year has reached an all-time high.

  • October 08, 2026

    CMA Mulls Fixes To $6.6B Acquisition Of NCR By Brink's

    The U.K.'s antitrust regulator said Thursday it is considering solutions from The Brink's Co. to address competition concerns over the ATM operator's approximately $6.6 billion proposed acquisition of cash machines business NCR Atleos.

  • October 08, 2026

    Visa, Mastercard Face £700M Claim Over Brexit Fee Hikes

    Visa and Mastercard are facing a collective action from U.K. businesses seeking more than £700 million ($925 million) in compensation over allegedly excessive fees charged on card payments after Brexit, a former official at the Competition and Markets Authority said Thursday. 

  • October 08, 2026

    MFS Ex-Chief Raja Delays Ruling On £242M Funneling Claim

    The former chief executive of collapsed lender Market Financial Solutions avoided on Thursday an imminent hearing over claims he funneled millions of pounds from a financial intermediary linked to MFS into companies he owned and controlled.

  • October 08, 2026

    FCA Seeks 90-Day Notice For Property Fund Withdrawals

    The Financial Conduct Authority floated plans Thursday to require investors seeking to withdraw money from retail funds heavily invested in illiquid assets, such as property, to provide asset managers with at least 90 days' notice.

  • October 08, 2026

    EIOPA Seeks Simpler Sales Rules For Insurance Investments

    The European Union's insurance watchdog launched a consultation Thursday on reducing the information collected when insurance-based investment products are sold, saying some consumer protection safeguards are too complex.

  • October 08, 2026

    ESMA Orders Halt To Noncompliant Stablecoin Services

    The European Securities and Markets Authority called Thursday for crypto-asset providers to halt services in connection with noncompliant stablecoins.

  • October 08, 2026

    Slaughter And May Helps Aberdeen Sell £436M Insurer Stake

    Aberdeen Group said Thursday it has disposed of approximately half of its holding in insurer Standard Life for around £436 million ($576 million), supported by Slaughter and May.

  • October 08, 2026

    SFO Told To Pay Interest To Cleared Ex-Barclays Traders

    The Serious Fraud Office and the government should repay hundreds of thousands of pounds, with interest, that was confiscated from five City traders whose convictions for rate-rigging were quashed, lawyers for the men told an appeals court Thursday.

  • October 08, 2026

    Deloitte Fined £6M, Reprimanded Over Audits Of Transport Biz

    Britain's accounting watchdog said Thursday it has fined Deloitte £6.05 million ($8 million) and severely reprimanded the Big Four firm after finding serious failures in its audits of a U.K. transport company.

  • October 08, 2026

    MS Amlin, Lancashire Settle Fight Over Planes Stuck In Russia

    Insurers MS Amlin and Lancashire have separately agreed to undisclosed settlement terms with scores of aircraft leasing companies that sued to claw back money for planes stranded in Russia after the country's invasion of Ukraine.

  • October 08, 2026

    FRC Closes Investigation Into Deloitte Audit Of Joules Group

    The U.K. accounting watchdog said Thursday it has closed its investigation into Deloitte's audit of fashion retailer Next unit Joules Group, and will not bring enforcement action.

  • October 07, 2026

    Dubai Bank Unit Loses Bid To Recoup Funds In Fraud Case

    Trafigura can keep $22.6 million in payments that a subsidiary of Dubai's Rasmala Investment Bank was deceived into making to the commodities trader, the Court Of Appeal ruled Wednesday, dismissing the bank's appeal.

  • October 07, 2026

    London Gold Body Accused Of Role In Tanzanian Mine Deaths

    Lawyers representing the families of two men killed by police at a Tanzanian gold mine argued at the start of a London trial Wednesday that the trade body for the world's largest gold bullion market had "played a crucial role" in their deaths.

  • October 07, 2026

    FCA Employee Unions Win OK To Pursue Recognition

    A panel of arbitrators has decided that the Financial Conduct Authority must face two trade unions' joint application to collectively negotiate on behalf of almost all employees working for the regulator.

Expert Analysis

  • Preparing For UK's New Tax Fraud Whistleblower Program

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    With the U.K. government introducing a U.S.-style whistleblower incentive scheme to tackle high-value tax avoidance and evasion, companies should take proactive steps and establish clear protocols to mitigate the potential increase in tax investigations, say lawyers at Skadden.

  • Key Trends Shaping ESG And Sustainability Law In 2026

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    2025 saw a chaotic regulatory landscape and novel litigation around environmental, social and governance issues and sustainability — and 2026, while perhaps more predictable, will likely be no less challenging, with more lawsuits and a regulatory tug-of-war complicating compliance for global companies, say attorneys at Crowell.

  • Digital Regulation In EU And UK: The Enduring 2025 Themes

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    With EU and U.K. digital regulation becoming an operational reality in 2025 and no sign of slowing in 2026, organizations need to embed content moderation, cybersecurity and data access obligations into their compliance structures, although legislative divergences mean that multinational businesses must also consider parallel and sometimes conflicting expectations, say lawyers at Morrison & Foerster.

  • FCA Enforcement Trends In 2025 And Expectations For 2026

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    The Financial Conduct Authority’s clear intention in 2025 to conduct fewer, faster investigations and reinforce transparency is likely to continue in 2026, with a dual-pronged approach of targeted enforcement and assertive supervision to fight crime, support growth and help consumers as its priorities, say lawyers at WilmerHale.

  • Judicial AI Guidance Update Shows Caution Still Prevails

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    The judiciary’s recently updated guidance on the use of artificial intelligence warns judges and tribunal members about misinformation and white text manipulation, providing a reminder that AI tools cannot replace direct engagement with evidence and reflecting a broader concern about their application when handling confidential material, say lawyers at Hogan Lovells.

  • Freezing Orders Maintain Their Impact 50 Years On

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    Freezing orders, created in Mareva v. International Bulk Carriers 50 years ago, are now a fundamental part of English and Welsh law and a significant weapon in the litigator's armory, considered indispensable by practitioners seeking to obtain enforceable judgments and interlocutory relief on behalf of their clients, say lawyers at Trowers and Hamlins.

  • EU Businesses Face Uncertainty Amid Sustainability Reforms

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    The European Commission’s sustainability omnibus, due to be approved this month, has brought a year of regulatory upheaval for European businesses, and although the long-awaited scaled-back obligations will provide clarity, a balance between not overburdening reporting companies and the need for data to make sustainable investments must be found, say lawyers at Peters & Peters.

  • How Russia Sanctions Trajectory Is Affecting UK Legal Sector

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    The proliferation of U.K. and European Union sanctions targeting Russia has led to a vast increase in legislative provisions, and lawyers advising affected businesses should expect a complex and evolving legal landscape for the foreseeable future, says Rob Dalling at Jenner & Block.

  • Tracking Crypto-Asset Tax Rules In 2025 And Beyond

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    The past year has seen an increasing amount of regulation in the crypto-asset space, with a range of novel and complex taxation challenges for regulators, and taxpayers can expect a marked increase in HM Revenue & Customs' compliance activity in the year ahead, says Liam McKay at RPC.

  • Navigating Legal Privilege Issues When Using AI

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    The recent explosion in artificial intelligence has led to prompts and AI outputs that may be susceptible to disclosure in proceedings, and it is important to apply familiar principles to assess whether legal privilege may apply to these interactions, say lawyers at HSF.

  • A Look At Factors Affecting Ombudsman Complaint Trends

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    Lawyers at Womble Bond provide an analysis of the Financial Ombudsman Service's complaint trends in 2025, highlighting the impact of changes within the FOS and external factors on the financial sector's redress system.

  • What To Know About FCA's Short Selling Regime Proposals

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    Although the Financial Conduct Authority’s recent proposals for changes to the U.K. short selling regime do not materially alter the rules, targeted reforms designed to reduce the administrative burden placed on position holders will be welcomed by market participants, say lawyers at McDermott.

  • How BoE Stablecoin Proposals May Reshape UK Payments

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    The Bank of England’s proposals for a sterling-denominated systemic stablecoin system amount to a substantial new regime, but it has a low-risk appetite for any change that would result in payment obligations migrating to a private stablecoin ledger and its tentativeness toward wholesale settlement is disappointing, say lawyers at Norton Rose.

  • Why EU's FDI Screening Proposals Require Careful Balance

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    The European Commission’s proposals to harmonize EU foreign direct investment screening regimes at the member state level require a trilogue between the commission, Parliament and council, which means political tensions need to be resolved in order to reach agreement on the five key reforms, say lawyers at Arnold & Porter.

  • OFSI Proposals Signal Greater Focus On Enforcement Activity

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    The Office of Financial Sanctions Implementation’s proposed financial sanctions reforms, with risks of higher penalties and more stringent disclosure requirements for U.K. banks and companies, reflect the agency’s evolution into a more sophisticated and robust enforcement regulator, says Irene Polieri at Gibson Dunn.

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