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 allPRA: 2025 Firm Feedback Exercise
PRA has published the results of its 2025 survey. It notes that firms provided the most positive scores for the regulator’s articulation of regulatory objectives and expectations and for the effectiveness of their relationship with it. PRA identified some themes from the survey and at follow-up meetings in which participants highlighted areas of interest. These relate to transparency, improved co-ordination, proportionality and timelines.
FCA: AI Input Zone
FCA is reopening the AI Input Zone to seek views and examples from stakeholders to inform a good and poor practice publication on AI later in 2026. Responses are required by 19 June 2026.
For more information
BoE/FCA/HMT: Joint statement on Frontier AI models and cyber resilience
The Government and UK financial authorities have announced that firms should be taking active steps with regard to: governance and strategy; identification and risk management of vulnerabilities; managing risks from third parties; protection, and response and recovery.
FCA: Credit rating agencies multi-firm review
This multi-firm review looks at the surveillance processes, credit rating methodologies and internal controls for UK-registered credit rating agencies, including examples of good practice and areas for improvement. FCA states that UK-registered credit rating agencies should review these findings, evaluate their processes and controls under Board oversight, and consider if gap analysis and remediation are necessary.
BoE: Speech by Liz Oakes: Operational resilience in a rapidly changing world
Text of Liz Oakes’ speech of 14 May 2026 follows in which she discusses operational resilience from the perspective of the FPC, including details on BoE stress tests. In 2026, this will focus on testing the impact of a global disruption to a cloud service provider.
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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