Financial Services UK

  • September 24, 2026

    LSE-Listed Asset Manager Pollen Street Mulling Sale

    Pollen Street Group Ltd. said it is considering taking the company private and has begun preliminary discussions with potential buyers.

  • September 24, 2026

    EU Watchdog Makes Digitization A Priority For Regulators

    Digital innovation is a new supervisory priority for the European Union, with the bloc initially focusing on the use of artificial intelligence and tokenization in financial markets, the European Union's watchdog has said.

  • September 24, 2026

    UK Tightens Sanctions Licensing Criteria For Iranian Banks

    The U.K. government has said it will refuse license applications from five Iran-based banks operating domestically, amid a wider campaign led by the U.S. to apply economic pressure on Iran as the war rumbles on.

  • September 23, 2026

    Architect Of £1M Binary Options Scam Sentenced To 5½ Years

    The architect of a "boiler-room" investment fraud scheme which took more than £1 million ($1.3 million) from investors was sentenced to more than five years in prison by a London judge Wednesday.

  • September 23, 2026

    FCA Says UK Must Go 'Faster' On Scaling AI, Tokenization

    Britain needs to move "much faster" to create the conditions for artificial intelligence and the digitalization of shares and bonds to scale in wholesale markets, the Financial Conduct Authority's chief executive has said.

  • September 23, 2026

    EuroChem Loses Injunction As Sanctions Halt €212M Payouts

    An Italian engineering company persuaded a London judge Wednesday to discharge a four-year-old injunction designed to protect €212 million ($242 million) in bond payments sought by a EuroChem subsidiary, after Russia-related sanctions rulings effectively blocked the payouts.

  • September 23, 2026

    Watchdog Revises Auditor External Expert Standards 

    Britain's accounting watchdog has revised two of its standards on using the work of an external expert in the audit process, aligning them Wednesday with changes made by an international standard-setter.

  • September 23, 2026

    EU Finance Watchdogs Warn Of Major Vulnerabilities

    Europe's banks, insurers, investment funds and other market participants must strengthen their resilience to vulnerabilities arising from external dependencies, cyber threats and rapidly developing technologies, a group of financial watchdogs warned Wednesday.

  • September 23, 2026

    Broadcast Co. Auditors Pin £225M Loss On Directors' 'Fraud'

    Auditors for Arena Television have denied liability for losses of almost £225 million ($298 million) stemming from a "pervasive fraud" allegedly perpetrated by the collapsed company's directors, saying the fraudulent activity was concealed from them.

  • September 23, 2026

    Hedge Fund OK To Sue Metal Exchange's Owner Over Crisis

    Funds run by Elliott Investment Management LP can start a legal claim against the London Metal Exchange's Hong Kong owner over the trading venue's handling of the 2022 nickel crisis, the Competition Appeal Tribunal has ruled.

  • September 23, 2026

    Consultancy Buys Property, Asset Manager For Up To £4M

    BTG said Wednesday it has agreed to acquire Hornbeam CPAM Ltd., a property and asset management business, for up to £4 million ($5 million), as the U.K. advisory group moves to expand its real estate operations.

  • September 23, 2026

    A&O Leads Airtel Money's London Float In IPO Market Boost

    African financial technology company Airtel Money said Wednesday that it plans to list on the London Stock Exchange's main market, in a move that could help revive the moribund U.K. IPO market.

  • September 22, 2026

    FCA Closes In On Money-Mule Accounts Amid Rising Trend

    Financial firms shut down almost 240,000 accounts suspected of laundering money in the U.K. last year, but criminals are still moving illicit funds through multiple bank accounts before cashing out, the City regulator said Wednesday.

  • September 22, 2026

    Oxford Fund Founder Sues For Share Of $1.5B Co. Sale

    A founding partner of an Oxford investment company that backs university spin-offs has accused his former business of withholding his share of returns from a medical technology company sold for $1.5 billion.

  • September 22, 2026

    Kuwait Loses Bid To Extradite Former Pension Chief's Widow

    Kuwait can't extradite the widow of its former pension chief from the U.K. to serve a lifetime prison sentence for allegedly stealing $73.8 million, a London judge has ruled, saying prosecutors failed to formally notify her about her criminal trial.

  • September 22, 2026

    PPI Ruling Could Expose Hidden Liabilities In Contracts

    The Court of Appeal's decision to wipe out a £677 million ($905 million) payment protection insurance bill for Santander has far-reaching implications on historic liabilities for insurers, transaction lawyers and private equity dealmakers, experts say.

  • September 22, 2026

    UBS Fined €5M Over Credit Suisse Legacy Tax Evasion

    UBS said Tuesday it has agreed to pay €5 million ($5.7 million) to the Dutch Public Prosecution Service to settle a legacy case involving alleged tax evasion linked to 12 former Credit Suisse clients.

  • September 22, 2026

    Watchdog Warns Gov't Over Pension Investment Barriers

    The retirement savings watchdog said political uncertainty is preventing the £2 trillion ($2.7 trillion) workplace pension sector from investing more in domestic real estate and infrastructure projects.

  • September 22, 2026

    Gov't Urged To Commit To Long-Term Pension Tax Rules

    The British government must prioritize a long-term pension policy taxation framework in its forthcoming budget, the Investment Association said Tuesday, amid concern that changes to retirement savings rules are undermining investment.

  • September 22, 2026

    Nuveen Wins Regulatory Backing To Buy Schroders For £10B

    Asset manager Nuveen said Tuesday that it has received regulatory approval for its planned £9.9 billion ($13 billion) takeover of U.K. rival Schroders, paving the way for the deal to close once remaining conditions are met.

  • September 22, 2026

    FCA Wrongly Applies Time Limit To Redress Complaint

    The Financial Conduct Authority has accepted a recommendation to investigate a complaint over its handling of a redress scheme for customers of a group of lenders, after the Complaints Commissioner found the regulator had wrongly rejected the case as out of time.

  • September 22, 2026

    London Property Freeholder Defends Blocking Sublet

    The freeholder of a property in southwest London has defended its decision to withhold permission for a leaseholder to sublet and convert the building for use as a gym, health and wellness spa.

  • September 21, 2026

    UK's New AML Plans May Drive Surge In Financial Crime Work

    Government plans to throw more officers, money and agencies at cracking down on money laundering could be "transformational," leading to a surge in investigations and, City lawyers say, work for defense teams.

  • September 21, 2026

    Mexican Investor Ends $12M Funds Row With Floreat Unit

    A businessman and his company have settled their claim for 10 million Swiss francs ($12.2 million) against a member of the Floreat investment group which they alleged had failed to repay money provided under two investment deals.

  • September 21, 2026

    FCA Forced To Improve Complaints-Handling Access

    The Financial Conduct Authority said Monday it had improved its complaints-handling procedures after accepting some failings identified by the Complaints Commissioner in an investigation of a complaint.

Expert Analysis

  • BlueCrest Decision Tightens Test For LLP Tax Treatment

    Author Photo

    The U.K. Supreme Court’s recent judgment in HMRC v. BlueCrest Capital Management clarifies the tax framework for assessing whether limited liability partnership members are genuinely operating as partners or should be treated as employees, which is likely to be significant far beyond the hedge fund sector, say lawyers at Stewarts Law.

  • EU Ruling Creates Clear Separation Of Sanctions, AML Risks

    Author Photo

    A recent ruling from the Court of Justice of the European Union bars banks from automatically denying basic payment accounts based on U.S. sanctions listings, emphasizing the distinction between sanctions and money laundering risks while preserving significant discretion following individualized assessments, says Vaïk Müller at CMS.

  • FCA Letter Highlights Football Clubs' Crypto Deal Risks

    Author Photo

    The Financial Conduct Authority’s recent warning to Premier League football clubs about sponsorship arrangements with unauthorized crypto-asset businesses demonstrates its concerns over unlawful financial promotions and anti-money laundering compliance failures, both of which run the risk of significant reputational damage and criminal prosecution, says Sushil Kuner at Freeths.

  • Series

    Practice Leader Insights From Norton Rose's Jonathan Herbst

    Author Photo

    Jonathan Herbst, Norton Rose's global head of financial services, discusses the importance of encouraging a team as a whole, how increasingly complex regulation means that deals come down to managing risk across multiple regimes, and why incremental short-term goals are just as important as longer-term plans.

  • UK Bill Would Transform Commercial Payments Terms

    Author Photo

    A bill recently introduced to Parliament, if enacted, would replace significant areas of contractual freedom concerning payment terms with mandatory rules that would fundamentally alter the balance of power between smaller suppliers and larger counterparties, says Sam Cooper at Crowell & Moring.

  • Int'l Bribery Enforcement Takeaways After SFO Conference

    Author Photo

    While the U.K. Serious Fraud Office's recent conference demonstrated a global consensus on the importance of combating bribery and corruption, lagging enforcement from U.S. and U.K. regulators suggests that muscular supranational agencies may soon step up to lead cross-border investigations, say lawyers at Addleshaw Goddard.

  • UK-Gulf Trade Deal Offers Key Benefits, But Hurdles Remain

    Author Photo

    The U.K.’s recent free trade agreement with the Gulf Cooperation Council is expected to deliver U.K. businesses a competitive advantage, with simplified procedures and tariff removal across manufacturing, services and digital trade sectors, but navigating Gulf regional tensions and differing regulatory regimes will create challenges, say lawyers at King & Spalding.

  • Crypto Sector Sees Tougher Sanctions Compliance Demands

    Author Photo

    The U.K. government’s recently announced Russian sanctions package focusing on crypto-assets is a clear indication that authorities consider the crypto sector a major enforcement area, firmly within the scope of financial sanctions law, says Thomas Cattee at Gherson Solicitors.

  • AI Puts Financial Firms' Human Accountability To The Test

    Author Photo

    A recent Financial Services Skills Commission report illustrates the paradox that artificial intelligence increases the need for human oversight while automating the pathways through which that expertise is developed, and financial firms whose governance evolves at pace with technology are poised to benefit the most, say Louise Neave and Jack Paul at Fox Williams.

  • Why Tonzip Is Notable In English Sanctions Law Development

    Author Photo

    The Court of Appeal's ruling in Tonzip Maritime Ltd. v. 2Rivers Pte Ltd., the latest in the English law of sanctions ownership and control, confirms that where a contract refers to sanctions exposure, the relevant question may be whether there is a real and objectively reasonable risk, not whether a sanctions breach has already been proved, say lawyers at Michelman Robinson.

  • How Firms Can Prepare For Increasing AI-Cybersecurity Risks

    Author Photo

    The growing convergence between cybersecurity and artificial intelligence means that businesses need to recognize the breadth of the threat, and conduct repeated testing and adjustment to address the shifting risk landscape, say lawyers at Debevoise.

  • What EU Coalition's 6-Point Proposal Means For Market Regs

    Author Photo

    The European Union’s recent position paper sent to the European Commission from its six largest economies is a serious political signal that businesses should treat as an indicator that European market regulation is heading toward deeper integration and stronger supervision, says Antonio Lanotte at Futura Law.

  • EU Protocol Strengthens Int'l Criminal Asset Recovery Powers

    Author Photo

    The Council of Europe’s recently adopted protocol to the Warsaw Convention marks a significant evolution in the international asset recovery landscape, signaling a focus on proactive and coordinated methods that require organizations to consider how to respond quickly to unexpected enforcement action, say lawyers at Trowers & Hamlin.

  • How UK Unfair Dismissal Reforms Could Affect PE Sponsors

    Author Photo

    The U.K. government’s unfair dismissal rights reforms taking effect from January 2027 could create uncertainty over management incentive arrangements and complicate senior management changes, representing a material shift in the risk landscape for private equity firms, say lawyers at Debevoise.

  • A Potent EU Tool To Block Russian Arbitration Interference

    Author Photo

    The European Union’s latest sanctions package introduces an EU-wide antisuit injunction mechanism that offers businesses a powerful weapon against Russia's efforts to derail international arbitration with forum-shopping tactics, say lawyers at Signature Litigation.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Financial Services UK archive.