Financial Services UK

  • July 08, 2026

    PwC Error Inflated Lender's €189M Claim, Real Estate Biz Says

    Real estate developer Urbas has admitted to defaulting on loan agreements but argued that a €189 million ($215 million) claim brought by a Luxembourg credit provider for repayment must be recalculated because PwC allegedly undervalued the shares appropriated by the lender as collateral.

  • July 08, 2026

    Gupta Says England Not The Venue For $7M Fraud Claim

    Metals tycoon Prateek Gupta told the Court of Appeal on Wednesday that a U.K. commodities trader cannot bring a fraud claim worth almost $7 million against him in England because the alleged loss occurred abroad.

  • July 08, 2026

    AI Adoption Not Yet Uniform In Corporate Reporting, FRC Says

    The audit watchdog said Wednesday that the use of artificial intelligence tools in corporate reporting is still cautious and uneven across the market, despite many businesses considering adopting the technology over the coming year.

  • July 08, 2026

    FCA Investigating 11 Potential Consumer Duty Breaches

    The Financial Conduct Authority said Wednesday in its latest enforcement watch newsletter that it is conducting 11 investigations into potential breaches of the Consumer Duty.

  • July 08, 2026

    UniCredit Stake In Commerzbank Now Just Short Of Control

    Italian lender UniCredit said Wednesday that it holds 49.65% of the voting rights in Commerzbank AG of Germany despite resistance from the German state about the approach.

  • July 07, 2026

    EU Lawmakers Seek To End VAT Break For Financial Services

    The European Parliament moved toward ending financial services' blanket exemption from value-added taxes by voting Tuesday to adopt a report recommending such a shift.

  • July 07, 2026

    EU Watchdogs Warn New AI Models Fuel Financial Cyber Risk

    European financial authorities warned Tuesday that the latest generation of artificial intelligence poses "a paradigm shift for cybersecurity" as the technology could enable bad actors to launch faster, cheaper and more sophisticated attacks on the financial market.

  • July 07, 2026

    Firms To Boost Cybersecurity After AI Attacks Cost UK £15B

    Dozens of major companies pledged on Tuesday to strengthen their cyberdefenses amid a surge in AI-enabled attacks by foreign states and criminal groups that cost the U.K. economy an estimated £14.7 billion ($19.7 billion) annually.

  • July 07, 2026

    FCA Warns Issuers Of Failure To Disclose Voting Rights Data

    The Financial Conduct Authority has warned companies trading shares on the London Stock Exchange that many are failing to disclose information on total voting rights as required to the market.

  • July 07, 2026

    HMRC Admits New State Pension Tax Errors Over 4 Years

    The government has said it accidentally overtaxed millions of Britons for their state pension income over four years, but that the tax ministry is working to ensure the error will not be repeated.

  • July 07, 2026

    BoE Weighs Revising Capital Rules To Boost Bank Lending

    The Bank of England said Tuesday that it plans to ease a critical capital requirement for major financial institutions in the U.K. to make it "simpler and more effective" for them to continue lending during times of financial stress.

  • July 14, 2026

    Kirkland Hires Debt Finance Pro From Ropes & Gray In Paris

    Ropes & Gray LLP is set to lose a finance lawyer to rival Kirkland & Ellis LLP in Paris, a little more than a year after Ropes & Gray opened its office in the French capital.

  • July 07, 2026

    English Law Governs £5B Bitcoin Claims, Fraud Victims Say

    Thousands of Chinese investors defrauded by a money launderer argued Tuesday that their claims seeking to recover their share of billions of pounds of seized cryptocurrency should be governed by English law.

  • July 07, 2026

    Capita Apologizes For Civil Service Pension Failures

    Capita PLC said Tuesday that its handling of the Civil Service Pension Scheme was "not good enough" after the government withheld £9.9 million ($13.2 million) in payments under its contract to administer the program, citing missed performance targets and service failures.

  • July 06, 2026

    FCA Tells Banks To Improve 'Poor' Access To Basic Accounts

    The finance watchdog said on Tuesday that it had found widespread failings that left many vulnerable people unaware of essential banking services or unable to get access to them, adding that Britain's biggest lenders have agreed to improve access to basic bank accounts.

  • July 13, 2026

    Sullivan & Cromwell Hires 2 Litigators For Frankfurt Office

    Sullivan & Cromwell LLP has hired two partners from Hengeler Mueller to launch a litigation practice in Germany.

  • July 06, 2026

    UK Sanctions Russian Researchers Over Poison Program

    The U.K. has hit several Russian state scientific institutions and researchers involved in the development and production of the deadly toxins used in the murder of Alexei Navalny and the Salisbury poisonings.

  • July 06, 2026

    UK Lifeboat Fund Paid Out £267M In Compensation In 2025

    Britain's financial services lifeboat fund has said it paid out £267 million ($365.7 million) in compensation to more than 14,000 customers affected by companies failing in the last financial year.

  • July 06, 2026

    AML Body Wants New Rules For Cross-Border SARs Sharing

    Europe's fledgling anti-money laundering enforcer announced plans on Monday to streamline how and when law enforcement agencies share intelligence on suspicious transactions to crack down on financial crime. 

  • July 06, 2026

    Wise Payments Keeps TM Due To Rival's Translation Error 

    Wise Payments has cleared a challenge to its "Wise" trademark after European officials rejected a Portuguese property developer's opposition because it failed to provide an English translation outlining the services covered by its own logo.

  • July 06, 2026

    FCA Sets Out Plan To Tackle AI Risks In Financial Sector

    The Financial Conduct Authority said in a review on Monday that artificial intelligence will transform services in the sector for consumers, proposing a seven-step framework to determine how it intends to regulate the technology.

  • July 06, 2026

    Pensions Watchdog Urges Industry Input On Scam Rules

    Britain's retirement savings watchdog has called on the pensions industry to engage with the government's consultation on new rules designed to stop workers from transferring long-term savings to bogus plans.

  • July 06, 2026

    Most Pension Industry Pros Back Local Gov't Investment Plan

    More than half of pension professionals support the government's plans to spur the £400 billion ($534 billion) local government pension system to invest in local economies — provided it doesn't affect the performance of funds, a trade body has found.

  • July 06, 2026

    TLT Guides £5M Pension Buy-In For UK Ammo Maker

    Defense technology company Key Technologies Ltd. has completed a £5 million ($6.7 million) full-scheme buy-in to secure the retirement benefits of all 48 members of its pension program, U.K. consultant Broadstone said Monday.

  • July 03, 2026

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

    The past week in London, Russia's state development bank was sued in a commercial fraud claim involving military GPS technology, one of Nike's subsidiaries brought an intellectual property claim against a menswear company owner, BlackBerry re-opened a $6.49 million claim against its South Asian licensee and CBRE property services filed a claim against CMS Cameron McKenna Nabarro Olswang LLP. 

Expert Analysis

  • What EU Securitization Proposals Signal For Risk Transfers

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    If implemented, recent amendments to the European Union securitization framework are expected to have an unambiguously positive effect on significant risk transfer markets, providing greater consistency and necessary flexibility, say lawyers at McDermott.

  • Role Of UK Investment Act Is Evolving In M&A Deals

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    With merger and acquisition activity likely to increase in light of the government’s new defense industrial strategy, the role of the National Security and Investment Act will come into sharper focus, and its recent annual report confirms that scrutiny is intensifying, say lawyers at Kingsley Napley.

  • What To Know About EU's Reimposition Of Sanctions On Iran

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    Lawyers at Steptoe discuss the European Union’s recent reimposition of trade and financial sanctions against Iran, which will introduce legal and operational constraints that affect EU companies' commercial activities in the region.

  • FCA Crypto Proposals Herald Tougher Oversight For Firms

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    The Financial Conduct Authority’s recent proposals to extend regulation to crypto-asset activities will bring parity, but implementation of the operational resilience requirements and enhanced financial crime controls will present compliance challenges, says Michelle Kirschner at Gibson Dunn.

  • EU Investment Reporting Rules Letup Signals Pragmatic Shift

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    While investment companies remain subject to far-reaching disclosure obligations under the Foreign Subsidies Regulation, new guidance from the European Commission on reporting passive limited partner commitments represents a drastic simplification and burden reduction, say lawyers at Paul Weiss.

  • SFO's 2-Year Transformation Signals Crackdown On Fraud

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    Two years after Nick Ephgrave’s appointment as director of the Serious Fraud Office, the introduction of new corporate criminal offenses and strengthened investigative methods sends a clear message to corporations that the agency is delivering on its promise to be bolder and more proactive about tackling fraud, say lawyers at BCL Solicitors.

  • What To Know About Interim Licenses In Global FRAND Cases

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    Recent U.K. court decisions have shaped a framework for interim licenses in global standard-essential patent disputes, under which parties can benefit from operating on temporary terms while a court determines the final fair, reasonable and nondiscriminatory terms — but the future of this developing remedy is in doubt, say attorneys at Fish & Richardson.

  • How EU And UK Consumer Loan Protections Are Shifting

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    As market evolution and digitalization motivate both the European Union and the U.K. to revamp consumer protections around lending, the potential for divergence between these rules will pose new challenges for cross-border consumer credit lenders, say lawyers at Skadden.

  • EBA Guidance Shakes Up EU Securitization Market Practices

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    Although the European Banking Authority’s recent questioning of the common use of conditional sale agreements to season assets when setting up securitizations has come as an unwelcome surprise, competent regulators are expected to follow the EBA guidance, even though as a Q&A response it is not legally binding, say lawyers at Debevoise.

  • Landmark VAT Ruling Should Shift HMRC Reply On Guidance

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    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

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    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

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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.

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