United Kingdom: Financial Services

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Finance law and banking law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as capital adequacy, BASEL, acquisition finance, debt capital markets, fund finance, islamic finance, securitization and structured finance.
Article
HM Treasury Designates Four Critical Third Parties To The UK Financial System
HM Treasury has designated four major global cloud and technology providers as critical third parties under the UK's new operational resilience regime, granting financial regulators direct oversight powers over systemic services that could threaten financial stability. The designations mark the first implementation of rules established under the Financial Services and Markets Act 2023, mirroring the EU's DORA framework while maintaining a targeted, risk-based approach to protecting the UK financial system f
United Kingdom Finance
KM
Katten Muchin Rosenman LLP
Article
FCA Enforcement Watch 2: The Consumer Duty Moves Into A New Phase Of Scrutiny
The FCA's second Enforcement Watch reveals a shift from initial forbearance to active scrutiny of Consumer Duty compliance, with 11 open investigations now underway. As the regulatory framework matures, firms face increasingly intensive supervisory intervention through VREQs and OIREQs, with fair value assessments emerging as a particular enforcement focus alongside product governance and vulnerable customer treatment.
United Kingdom Finance
KL
Herbert Smith Freehills Kramer LLP
Article
The Most Common Errors In SFTR Transaction Reporting
TRAction’s reporting services include data validation and data enrichment to ensure errors that are identified in client submissions are resolved and that file formats meet requirements prior to submitting data to the Trade Repository (TR). There can be the odd occasion however where we receive incorrect data, which causes an error at the TR upon submission. The content of this article applies to both EU and UK SFTR.
European Union Finance
TRAction
Article
Credit Risk Transfers: What Every Asset Manager Should Ask Before Investing
Market participants employ four main credit risk transfer structures—bank-issued CLNs, SPV-issued CLNs, credit default swaps, and participation interests—each carrying distinct risk, regulatory, and funding profiles that require careful evaluation. Asset managers must navigate critical considerations including due diligence protocols, credit event definitions, and recovery rights to optimize returns. Recent Basel 3 re-proposals in the U.S. and regulatory developments in the E.U. and U.K. are res
United Kingdom Finance
D
Dechert
Article
FCA And HM Treasury Publish Detailed Proposals To Streamline UK Asset Management Regulation
HM Treasury and the FCA have released comprehensive proposals to reform the UK's Alternative Investment Fund Managers regime, introducing a simplified three-tier framework based on fund size and moving away from the EU AIFMD model. The reforms aim to create a more proportionate regulatory approach while maintaining investor protection and market integrity.
United Kingdom Finance
PR
Proskauer Rose LLP
Article
A New Regime For UK Private Fund Managers: Latest From The FCA And HMT
The UK Financial Conduct Authority and His Majesty's Treasury have launched consultations on sweeping reforms to the alternative investment fund manager regime, introducing a three-tiered compliance framework based on net asset value thresholds. How will these changes reshape regulatory requirements for private equity, real estate, venture capital, infrastructure, and credit fund managers operating in the UK market?
United Kingdom Finance
GP
Goodwin Procter LLP
Article
Remuneration relaxation: The UK FCA's proposals in CP26/27
The UK Financial Conduct Authority has published proposals for reforming the remuneration framework for UK solo-regulated firms, introducing greater flexibility and proportionality to how staff compensation is regulated in UK asset managers. The consultation, open until September 2026, presents coherent and proportionate reforms that could significantly impact remuneration regulation if adopted in final rules expected in Q1 2027.
United Kingdom Finance
TS
Travers Smith LLP
Article
Modernising The Redress System: Progress Over Perfection?
The UK Government has announced a comprehensive reform programme for the Financial Ombudsman Service (FOS) aimed at modernising the redress system and ensuring greater alignment between FOS decisions and FCA regulatory standards. These reforms introduce new referral mechanisms, clarify the 'fair and reasonable' test, and establish procedures for handling mass redress events more efficiently.
United Kingdom Finance
KL
Herbert Smith Freehills Kramer LLP
Article
‘All Together Now’: FCA Director Sets Out Vision For Consumer Credit Regime Transformation
The FCA's Director of Consumer Finance outlines an ambitious vision for modernising the UK's 50-year-old consumer credit regime through the Financial Services and Markets Bill. This transformation requires collaboration across industry stakeholders to create a flexible, outcomes-focused framework that accommodates emerging technologies like AI whilst maintaining robust consumer protections.
United Kingdom Finance
KL
Herbert Smith Freehills Kramer LLP
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