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 all Regulatory News - Financial Services & RegulationFCA: Consumer Duty outcomes monitoring – good practice and areas for improvement
FCA has published the findings of its review into firms’ approaches to monitoring consumer outcomes. An accompanying blog by Charlotte Clark highlights that the importance of firms strengthening their approach to third parties and distribution chains and notes that the regulator wants to see clearer evidence of challenge, discussion and decision-making.
BoE: Letter from Andrew Bailey
BoE has published Andrew Bailey’s response to an article in the Daily Mail. He discusses frontier AI and cyber attacks.
CMA: Unfair contract terms
CMA has published revised guidance on the unfair contract terms provisions in the Consumer Rights Act 2015, along with a technical note and examples from historic OFT unfair contract terms enforcement.
For more information
- https://assets.publishing.service.gov.uk/media/6a609329b00f3323bf1a23f3/unfair_contract_terms_guidance.pdf
- https://assets.publishing.service.gov.uk/media/6a5f3ef04005e8e44c980bfb/Technical_note.pdf
- https://www.gov.uk/government/publications/unfair-contract-terms-cma37/examples-from-historic-oft-unfair-contract-terms-enforcement
FCA: General insurance: vertically integrated business models – managing conflicts of interest
FCA has published a webpage providing information on how GI firms should manage potential conflicts of interest coming from vertically integrated business models. This is accompanied by a blog by Chris Knight, FCA’s new insurance director, in which he notes that the regulator is monitoring developments in this area and firms may receive ad hoc data requests. Firms should be able to demonstrate how their arrangements deliver good outcomes for customers. Where business models are overly complex or difficult to supervise, FCA expects firms to think seriously about simplifying them.
TSC: Work of FCA
TSC has published the transcript of its hearing held on 15 July 2026 attended by Nikhil Rathi, Ashley Alder and Sarah Pritchard. Topics include: the motor finance compensation scheme; the claims management sector; open banking/payments; FOS; consumer credit; AI; the advice-guidance boundary; the insurance sector.
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