Top Stories

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  FCA's New Crypto Rules Could Pave The Way For Bad Actors

  By Alex Davidson

  The Financial Conduct Authority's new proposed crypto regulatory regime risks increasing consumers' exposure to ...(read more)

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  Employment Rights Bill Passes Ahead Of Year-End Recess

  By Adele Redmond

  The Employment Rights Bill passed its final parliamentary hearing on Tuesday, paving the way for royal assent be...(read more)

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• UK Government Will Legislate To Reverse PACCAR

  By Joanne Faulkner

  The U.K. government announced plans Wednesday to introduce legislation to resolve the uncertainty around third-party litigation funding in the aftermath of the U.K. Supreme Court's PACCAR decision, ending months of speculation.

• Visa, Mastercard Say Merchants Too Late To Join Class Action

  By Sophia Dourou

  Visa and Mastercard told Britain's antitrust tribunal Tuesday that a number of merchants should not be allowed to join collective proceedings accusing them of unfairly imposing interchange fees on retailers after the deadline to opt in.

• Apple, Amazon Accused Of Collusion In £900M Class Action

  By Eddie Beaver

  Apple and Amazon have been hit with a £900 million ($1.2 billion) collective action at a U.K. tribunal on behalf of more than 10 million consumers who allegedly overpaid for Apple's products because of unlawful collusion between the two technology giants.

• Slaughter & May-Led Monzo To Buy UK Mortgage Broker

  By Tom Fish

  Monzo said Tuesday that it has agreed to acquire Habito, the U.K.'s largest digital mortgage broker, as the British online bank expands into increasingly popular home-buying financial services.

• FCA Mulling Action Over Briefings, Leaks Ahead Of Budget

  By Martin Croucher

  The Financial Conduct Authority told lawmakers on Tuesday that it is considering whether to update its official guidance to public bodies after a series of government briefings and leaks in the run-up to the Budget statement.

• Financiers Convicted Of Defrauding Libyan Sovereign Fund

  By Christopher Crosby

  A former U.K. fund manager and a Swiss banker have been convicted by a jury of fraud for diverting millions of dollars in improper fees from a Libyan sovereign wealth fund, prosecutors said Tuesday.

• EU Resolution Board Sets 2029 Bank Valuation Deadline

  By Tom Fish

  Banks in the Eurozone should improve the valuation of their assets and liabilities by 2029 to strengthen the arsenals of auditors and avert potential crises, the Single Resolution Board said on Tuesday.

• Trump Sues BBC For $10B Over Editing Of Speech In Doc

  By Rae Ann Varona

  President Donald Trump on Monday sued the BBC in Miami federal court, saying the broadcasting company owes him $10 billion in damages for allegedly tarnishing his "brand value" and reputation as U.S. president through an edit for a documentary that aired before the 2024 presidential election.

• FCA Prioritizes Consumer Protection In Planned Crypto Rules

  By Alex Davidson

  The Financial Conduct Authority proposed Tuesday to sweep in a tough new set of rules to protect consumers who trade crypto-assets while also supporting innovation and global competitiveness.

• Winston, Taylor Eye Spring Launch For $1.75B Merged Firm

  By Marialuisa Taddia

  Taylor Wessing said Monday it has agreed to merge with U.S. firm Winston & Strawn to form a new transatlantic business with an estimated turnover of $1.75 billion.

• Nationwide's £44M AML Fine Signals FCA's 'Hard Line' Stance

  By Alex Davidson

  The Financial Conduct Authority's fine of £44 million ($58 million) imposed on Nationwide Building Society for failings in anti-money laundering controls has sent a warning to Britain's largest financial institutions that size and reputation are no protection from the rules, lawyers have said.

• Sanofi Loses Patent Fight For Novel Cancer Drug At UPC

  By Hanna Vioque

  A group of generic drugmakers have persuaded the Unified Patent Court to nix a Sanofi patent that protects its blockbuster drug for prostate cancer, Jevtana.