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Financial Services UK

  • June 20, 2025

    FSB Flags Risks For Property Investors Amid Rate Hikes

    The Financial Stability Board has warned about growing "vulnerabilities" among non-bank investors in the $12 trillion commercial real estate market, citing liquidity imbalances, high debt levels and a lack of transparency on lenders' exposure to the sector.

  • June 19, 2025

    E-Commerce Co. Denied 'Extraordinary' $40M Injunction

    An Indian e-commerce company has failed to secure an order to get $40 million it claims to need to complete the purchase of a software business, after a court said it was not prepared to grant the "extraordinary" relief before a trial.

  • June 19, 2025

    Top Banks Devise Programs For Disabled Entrepreneurs

    A trade body for financial firms said Thursday that Britain's top high-street banks had started supporting disabled entrepreneurs in line with the Consumer Duty and the government's plan for growth, but more work is needed.

  • June 19, 2025

    Trafigura Partly Blocks Changes To Gupta's $600M Defense

    Metals trader Prateek Gupta was partly blocked Thursday from making wholesale changes to his defense to a fraud claim worth more than $600 million from Trafigura by a judge who nevertheless permitted alterations that had been agreed and those that would not require disclosure. 

  • June 19, 2025

    Clear Group Expands UK Reach With Insurance Broker Buy

    Insurance broker Clear Group said Thursday that it has acquired CR Toogood & Co. Ltd., a commercial insurance broker based in the southeast of England, as the group strengthens its footprint in the region.

  • June 19, 2025

    AmTrust Wins Disclosure Appeal In £56M Claim-Funding Clash

    A London appeals court said Thursday that AmTrust should be able to see another insurer's communications with two law firms amid a £56 million ($75 million) battle over who should cover the costs of a failed litigation-funding scheme.

  • June 19, 2025

    Ex-Janus Henderson Analyst Convicted Of Insider Dealing

    A London jury convicted a former City hedge fund analyst and his sister of insider dealing and money laundering charges on Thursday over allegations that they traded off confidential information to illegally earn nearly £1 million ($1.35 million).

  • June 19, 2025

    Pension Trustees Told To Act Now On Incoming Reforms

    Pension plan trustees should act now to ensure they are prepared for recently announced reforms that will "fundamentally reshape" the market, according to Britain's retirement savings watchdog.

  • June 19, 2025

    Finance Advisory Biz Openwork Buys Partner Firm

    The Openwork Partnership, a U.K. financial advice network, said Thursday it has completed a transaction to acquire partner firm Milecross Financial Solutions Ltd. as part of its expansion plan.

  • June 19, 2025

    Presumed Alive, Fugitive Told To Repay £64M For Ponzi Fraud

    A judge ordered the fugitive mastermind behind a Ponzi scheme on Thursday to repay hundreds of conned investors £64 million ($86 million) after assuming that he might not have died despite suffering a reported heart attack in Mexico.

  • June 19, 2025

    Henderson, Fidelity European To Merge To Create £2.1B Trust

    Henderson European Trust, advised by Stephenson Harwood LLP, and Fidelity European Trust said Thursday that they plan to merge in order to create a combined London-listed entity with £2.1 billion ($2.8 billion) of net assets.

  • June 18, 2025

    Jurisdiction Up First In $1B Ukraine Bank Nationalization Case

    A more than $1 billion claim asserted against Ukraine by a Luxembourg-based banking group with ties to a Russian oligarch over the nationalization of Sense Bank will have to overcome jurisdictional hurdles before damages will be considered, an international tribunal has ruled.

  • June 18, 2025

    Intesa Sanpaolo Staffer Loses Bid For Reinstatement

    An employee on secondment in London from Italian bank Intesa Sanpaolo has lost his bid to be reinstated until his hearing for unfair dismissal, with an employment tribunal finding he is unlikely to win his substantive case and therefore not entitled to reinstatement in the interim.

  • June 18, 2025

    EU Moves To Overhaul Payment Rules To Target Fraud

    A key committee of European Union member state representatives said Wednesday that it had agreed its position on improving payment services, an early step toward regulations that could fight fraud and boost consumer protections.

  • June 18, 2025

    PE Firm Says Forfeiting Tycoon's €1.5M Investment Was Valid

    A private equity firm has denied wrongfully forfeiting car tycoon Peter Waddell's €1.5 million ($1.7 million) investment in the company and alleged the move was "entirely reasonable," given he had failed to meet a request for money as part of the funding deal.

  • June 18, 2025

    SFO's Growth Push A 'Difficult Line To Tread' For Prosecutor

    The Serious Fraud Office's recent promise to assist UK PLC with growth has raised eyebrows among former officials who question the optics of adopting political talking points that, on the surface, appear to distract from investigating and prosecuting economic crime.

  • June 18, 2025

    EU Firms Warn UK Gov't Not To Ban Ransomware Payments

    A European financial markets trade body on Wednesday warned the U.K.'s Home Office that its proposed ban on paying ransomware demands to criminals could destabilize financial markets and lead to cross-border confusion.

  • June 18, 2025

    BoE Backs Innovation To Boost Financial Sector Resilience

    The Bank of England said Wednesday that its regulatory arm will support innovation to help companies become more resilient.

  • June 18, 2025

    Over 1M Gig Workers 'Can't Afford' To Save For A Pension

    More than a million "gig" workers in the U.K. cannot afford to save into a pension, a retirement savings company has said, amid growing fears that younger and more precarious workers will not have adequate savings in later life.

  • June 17, 2025

    Ex-Triton Exec Beats Post-Brexit Appeal To Nix Bias Claim

    An appellate tribunal has upheld a ruling that Brexit did not curtail the ability of a former Triton Partners investment adviser to bring discrimination claims against the Swedish private equity firm's executives, allowing him to pursue his claim in the U.K.

  • June 17, 2025

    Ex-Georgian PM Says Credit Suisse Ignored £600M Fraud

    Georgia's former prime minister told a U.K. appeals court Tuesday that Credit Suisse Life cannot skirt liability for his losses from an employee's fraud scheme, saying the life insurer had obligations to policyholders to ensure their assets were being managed responsibly.

  • June 17, 2025

    Ireland Completes AIB Exit With €305M Final Share Sale

    Ireland said Tuesday that it has sold its remaining 2.06% stake in Allied Irish Banks for €305.3 million ($352 million), completing the bank's return to private ownership.

  • June 17, 2025

    EU Agrees Rules To Firm Up Cross-Border GDPR Enforcement

    European Union co-legislators have agreed new legislation to improve cooperation between national authorities when they enforce data protection rules across borders.

  • June 17, 2025

    HMRC Challenges Tax Treatment Of Partnership Awards

    HM Revenue & Customs told the U.K. Supreme Court on Tuesday that partnership awards allocated to a corporate entity and then distributed to partners should be taxed as if they were allocated to individual members.

  • June 17, 2025

    Dentons-Led Bermuda Investment Firm Hansa To Buy Rival

    Bermuda investor Hansa said Tuesday that it has agreed to acquire local rival Ocean Wilsons Holdings Ltd. in an all-stock deal to create an investment company with total net assets of more than £900 million ($1.2 billion).

Expert Analysis

  • FTSE Draft Rules Show Impact Of FCA Listing Reforms

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    FTSE Russell’s recently published provisional rule changes represent a much-awaited indication of its response to the U.K. Financial Conduct Authority’s proposed listing reforms, providing a level of certainty that will assist issuers and advisers in preparing for the implementation of the regime, say lawyers at Davis Polk.

  • FCA Strikes A Balance With 'Finfluencer' Guidance

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    With financial firms leveraging social media to engage with a broader audience, the Financial Conduct Authority’s recent "finfluencer" guidance signals a recognition of the imperative to adapt regulatory frameworks while maintaining a firm commitment to consumer protection, say David Allinson and Damien O'Malley at RPC.

  • Dissecting Recent Developments Against The Misuse Of NDAs

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    The U.K. government's recent plans to nullify nondisclosure agreements that prevent victims from reporting crimes should remind lawyers to proactively consider the necessity of such agreements, especially in light of the Solicitors Regulation Authority's warning notice on drafting improper NDAs, say Clare Davis and Macaela Joyes at RPC.

  • What To Know About The Russia-Stranded Plane Ruling

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    The High Court's recent decision in Zephyrus Capital Aviation v. Fidelis Underwriting, rejecting reinsurers' U.K. jurisdiction challenges in claims over stranded planes in Russia, has broad implications for cross-border litigation involving exclusive jurisdiction clauses, says Samantha Zaozirny at Browne Jacobson.

  • 3 Notable Pensions Reforms In Spring Budget

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    The U.K. government’s spring budget introduced reforms to improve pension outcomes through the value for money framework and the lifetime provider model, as well as to encourage investments in Britain — three interlinked areas that could pressure trustees and providers to rethink how they approach investments, say Liz Ramsaran and Marcus Fink at DWF.

  • Assessing The FCA Data Study's Response To User Concerns

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    The Financial Conduct Authority’s recently published report on the supply of wholesale financial data differs from others in its exceptional breadth and analysis of an enormous volume of information, but in its reluctance to address market power or pricing directly, the regulator’s approach is still cautious, say Emma Radcliffe and Greg Dowell at Macfarlanes.

  • Focus On Private Funds Will Boost Ireland's Global Standing

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    As the market increasingly pivots to private funds, Ireland's recent introduction of particular products — such as an updated, flexible European long-term investment fund — provides more structuring opportunities and paves the way for a brighter outlook in the country, say lawyers at Dechert.

  • Cum-Ex Prosecutions Storm Shows No Sign Of Abating

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    The ongoing trial of Sanjay Shah in Denmark is a clear indicator that efforts remain focused on holding to account the alleged architects and beneficiaries of cum-ex trading, and with these prosecutions making their way across Europe, it is a more turbulent time now than ever, says Niall Hearty at Rahman Ravelli.

  • Traversing The Web Of Nonjudicial Grievance Mechanisms

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    Attorneys at Covington provide an overview of how companies can best align their environmental and human rights compliance with "hard-law" requirements like the EU's recently approved Corporate Sustainability Due Diligence Directive while also navigating the complex global network of existing nonjudicial grievance mechanisms.

  • Opinion

    FCA Greenwashing Rules Need To Be Stronger To Be Effective

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    The Financial Conduct Authority's forthcoming anti-greenwashing measures, aimed at ensuring the veracity of regulated entities’ statements about sustainability credentials, need external scrutiny and an effective definition of "corporate social responsibility" to give them bite, says Jingchen Zhao at Nottingham Trent University.

  • EU Ruling Exposes Sovereignty Fissures In Int'l Arbitration

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    The European Court of Justice's recent ruling that the U.K. had breached EU law by allowing an arbitral award to proceed underscores the diminished influence of EU jurisprudence in the U.K., hinting at the EU courts' increasingly nominal sway in international arbitration within jurisdictions that prize legal autonomy, says Josep Galvez at 4-5 Gray’s Inn.

  • Companies House False Filings Raise Issues Of Integrity

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    A recent spate of unauthorized company filings with Companies House raises specific concerns for secured lenders, but also highlights the potential for false filings to be used to facilitate fraudulent schemes, says Daniel Sullivan at Charles Russell.

  • UK Courts Continue To Struggle With Crypto-Asset Cases

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    Although the common law has proved capable of applying established principles to crypto-assets, recent cases highlight persistent challenges in identifying defendants, locating assets and determining jurisdiction, suggesting that any meaningful development will likely come from legislative or regulatory change, say Emily Saunderson and Sam Mitchell at Quadrant Chambers.

  • Comparing The UK And EU Approaches To AI Regulation

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    While there are significant points of convergence between the recently published U.K. approach to artificial intelligence regulation and the EU AI Act, there is also notable divergence between them, and it appears that the U.K. will remain a less regulatory environment for AI in the foreseeable future, say lawyers at Steptoe.

  • Lessons On Using 3rd-Party Disclosure Orders In Fraud Cases

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    The expansion of the gateway for service out of jurisdiction regarding third-party information orders has proven to be an effective tool against fraud since it was introduced in 2022, and recent case law offers practical tips on what applicants should be aware of when submitting such orders, says Rosie Wild at Cooke Young.

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