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FCA Misconduct Update Still Leaves Firms 'In The Dark'

By Adele Redmond

Clarity from the Financial Conduct Authority on the limits of its powers to tackle bullying and harassment will come as a relief to professionals — but lawyers have warned that non-banking companies must now join lenders to broaden staff training, revisit conduct policies and strengthen whistleblowing protocols.


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Top Stories
  • Man walks past high street building with logo of cryptocurrency scheme displayed.
    Carter-Ruck Pro Cleared Over Alleged OneCoin SLAPP

    By Sophia Dourou

    A disciplinary tribunal on Friday dismissed allegations that a Carter-Ruck partner improperly threatened to sue ...(read more)

  • Blurred image of people moving about in a bridht, modern office scene.
    FCA Clarifies Guidelines For Non-Financial Misconduct

    By Alex Davidson

    The Financial Conduct Authority released widely anticipated final guidance on its rules for non-financial miscon...(read more)

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  • Microsoft Says £2B Class Action Fails To ID Viable Legal Test

    By Ronan Barnard

    Microsoft said at a London antitrust tribunal on Friday that a claim potentially worth £2.1 billion ($2.8 billion) should not be given clearance to continue, arguing the competition lawyer proposing to bring it had not identified a route for it to go to trial.

  • FCA Floats Pension Transfer Overhaul For Better Outcomes

    By Martin Croucher

    The Financial Conduct Authority has proposed rules that will allow pension providers to create new online planning tools for customers considering a savings transfer.

  • Sidley Promotes 29 Lawyers To Partner, 15 To Counsel

    By Ashish Sareen

    Sidley Austin LLP has elected 29 lawyers to its partnership and named more than a dozen new counsel, with all the newly promoted individuals being based in offices in the U.S. and Europe.

  • Nationwide Fined £44M For Financial Crime Control Failings

    By Alex Davidson

    The Financial Conduct Authority said on Friday that it has hit Nationwide Building Society with a £44 million ($58 million) fine over its inadequate financial crime systems and controls, adding that the lender had "failed to get a proper grip."

  • EY Must Release Wirecard Audit Files, Top German Court Says

    By Eddie Beaver

    Germany's highest civil court largely sided with Wirecard's insolvency administrator on Thursday, finding that the former auditors of the payments company, Ernst & Young, must disclose audit files from the four financial years running up to its collapse.

  • Abbott Appeals To Revive Glucose Monitoring Patent

    By Sophia Dourou

    Abbott urged an appeals court Thursday to restore the patent for its flagship glucose monitoring device, arguing that the delay in producing the judgment that invalidated it led to "material inconsistency" in the judge's reasoning.

  • Carter-Ruck Pro Says She Was Bound To Defend Crypto Scam

    By Christopher Crosby

    A Carter-Ruck partner was professionally "bound" to threaten a whistleblower with legal action on behalf of Ruja Ignatova because she did not know that the "Crypto Queen" was actually running a multibillion-dollar scam, the solicitor's counsel told a disciplinary tribunal on Thursday.

  • Shell Accused Of Worsening Typhoon Through Emissions

    By Eddie Beaver

    Over 100 survivors of a "super-typhoon" that hit the Philippines in 2021 have sued Shell PLC in the first case in England that directly links climate change to a fossil fuel giant, alleging that the company's operations intensified the storm's destruction.

  • Lords Shoot Down Employment Bill Over Payouts Controversy

    By Adele Redmond

    The Employment Rights Bill has failed to pass its final legislative hurdle, as the House of Lords narrowly voted to reject the reform package for a fourth time over a last-minute amendment to remove the cap on compensation for unfair dismissal.

  • Scottish Gov't Not Liable In Judicial Officer's Assault Case

    By Hanna Vioque

    A female legal practitioner cannot hold Scotland's government vicariously liable for alleged assaults and harassment committed by a senior judge in 2018, even though two had occurred within the court environment, the U.K.'s top court ruled Wednesday. 

  • Fife Ruling Little Help In Solving Single-Sex Space Disputes

    By Adele Redmond

    A keenly-awaited ruling in a nurse's claim that she was harassed by the use by a transgender doctor of a women's changing room provides little clarity to employers on how to manage disputes over single-sex facilities, as a tribunal largely side-stepped a landmark decision on the legal definition of a woman.

  • British Hacker Gets 2 Years In Prison For $9M Crypto Theft

    By Christopher Crosby

    A British man was sentenced to more than two years in prison on Wednesday in London for his part in an international hacking group that stole millions of pounds worth of cryptocurrency from an American entrepreneur.

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Trending on Law360 UK

  • Fife Ruling Little Help In Solving Single-Sex Space Disputes
  • AML Reforms Could Threaten Legal Privilege, Lawyers Fear
  • Carter-Ruck Pro Says She Was Bound To Defend Crypto Scam
  • Oligarch's Son Loses Claim For €7M Sanctions Compensation
  • British Hacker Gets 2 Years In Prison For $9M Crypto Theft
  • UK Gov't Sets Out Plans To Tackle Motor Insurance Costs
  • King & Wood Mallesons To Break Up 14 Years After Merger
  • Dutch Insurer Aegon Moving Head Office To US For Expansion
  • UK Sets Rules For Landmark Targeted-Support Regime
 
 
 

From The Courtroom

  • Northampton Town FC Ex-Chair Denies Fraud Over Club Loan
  • Microsoft Battles Proposed £2.1B Server License Abuse Claim
  • Oatly Asks Top Court To Revive TM For 'Post Milk'
  • Publisher Says Camelot's £70M Lottery Subsidy Was Unlawful
  • Doctor's Appeal Over NHS Dismissal Says TUPE Rules Apply
  • Investec Wins Bid To Have £22M Debt Case Heard In England
  • Ex-Police Chief Faces 2027 Trial For Alleged Fraud
  • Hip-Hop DJ Tim Westwood Denies Rape, Sexual Assault
  • Ex-Oil Biz Director's Claim Trimmed In €143M Case
  • Investment Fund Director Charged Over Alleged £20M Fraud
 
 
 
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Expert Analysis

  • Simon Lovegrove
    How BoE Stablecoin Proposals May Reshape UK Payments
    The Bank of England’s proposals for a sterling-denominated systemic stablecoin system amount to a substantial new regime, but it has... (read more)
  • Fraser Ritson
    How Restructuring Reforms Will Streamline Insolvency Plans
    The recently published revised practice statement on schemes of arrangement and restructuring plans promises midmarket businesses ef... (read more)
  • Giles Crown
    4chan's US Lawsuit May Affect UK Online Safety Law Reach
    4chan and Kiwi Farms’ pending case against the Office of Communications in a D.C. federal court, arguing that their constitutional r... (read more)
  • Vlad Maly
    What EU Securitization Proposals Signal For Risk Transfers
    If implemented, recent amendments to the European Union securitization framework are expected to have an unambiguously positive effe... (read more)
  • Andrew Sanderson
    Role Of UK Investment Act Is Evolving In M&A Deals
    With merger and acquisition activity likely to increase in light of the government’s new defense industrial strategy, the role of th... (read more)
  • Read More Expert Analysis

 
 
 

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