Financial Services & Regulation
Our Financial Services & Regulation team can provide a wide range of legal services advice associated with the regulated financial sector.
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With leading practices in the UK’s two biggest financial services centres, London and Edinburgh, our team combines wholesale and retail, contentious and non-contentious expertise across banking, insurance, asset management and financial intermediation. You can be assured we understand the regulatory context in which you operate and recognise the importance of finding commercial solutions.
Our specialist regulatory lawyers advise retail and wholesale financial services firms on managing regulatory risk and resolving and avoiding regulatory action and disputes.
Having represented firms in over 400 regulatory investigations and enforcement proceedings, our team combines knowledge of regulated businesses with a clear understanding of what the regulators require.
We use that experience to help clients manage and grow their businesses through the development of new products, services and distribution channels.
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Regulatory News - Financial Services & Regulation
See allHMT: Financial Services Growth and Competitiveness Strategy Regulatory Environment: Cross-Cutting Reforms – consultation response
Further to its July 2025 consultation, HMT has now published a consultation response document. The Government intends to legislate (when parliamentary time allows) to: set new, shorter statutory deadlines for determining applications for new firm authorisations, VoPs, and senior manager approvals; require FCA and PRA to produce new long-term strategies, at least once every five years; require the regulators to have regard to regulatory and supervisory principles when producing their new long-term strategies, and remove the requirement for the regulators to consider these when making day-to-day decisions, and remove a range of reporting and other procedural requirements from the regulators The Government also intends to legislate to shorten a number of other statutory deadlines relating to those it consulted on.
FCA: Speech by Sarah Pritchard: Laying the foundation for confidence
Text of Sarah Pritchard’s speech of 11 May 2026 follows in which she discusses current and future regulatory work in relation to private markets.
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FCA: Legal challenges to motor finance compensation scheme - update for firms and consumers
FCA has set out further advice for firms and consumers, noting firms should still submit implementation plans for the scheme by 12 May 2026, but the regulator will not insist on receiving formal attestations by 12 May. FCA is preparing for a contingency scenario in which the scheme does not proceed which it sets out in some detail here. FCA also sums up the grounds for the challenge to the scheme.
BoE: Trade in services under regulatory barriers – evidence from UK banking
This BoE Staff Working paper considers how regulatory barriers affect cross-border lending and deposit-taking by banks.
FCA: Whistleblowing data
FCA has published information on new whistleblowing reports received between January and March 2026, along with existing reports closed during this period.
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Local market knowledge. Global outlook
We provide future-facing legal advice to help your organisation thrive. Combining local market knowledge and a global perspective, and with lawyers in locations worldwide, your organisation benefits from the expertise it needs, even across borders.
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