Financial Services Regulatory

We have strong Financial Services Regulatory experience covering strategic advice, investigations and enforcement.

Our contentious and non-contentious teams combine leading market experts, former regulators and senior in-house experience. We understand the industry and how regulators think.

Our services cover all aspects of regulatory needs, but here are some examples of what we offer:

Legislative change implementation and compliance advice
New and innovative product design, digitisation, simplification, policies and procedures, risk reviews, customer journeys and consumer duty assessments
Supervisory inquiries including thematic reviews, attestations, whistleblowing, s166 skilled persons processes, enforcement and redress
SMCR support, including training and advice to Boards
Transactional support, including due diligence and change in control processes
Authorisations, variation of permissions and new business set up
Disputes and litigation support from recoveries litigation to strategic test cases, GLOs and judicial reviews.

Consumer finance

Contentious regulatory

Economic crime

General regulatory

Investigations

Mortgages & secured lending

Knowledge hub

CMA focus on AI, collusion and competition law: What you need to know - 10 April 2026
The Bank of England and PRA set out plans for safe AI innovation: What firms need to know - 10 April 2026
Agentic AI: CMA publishes guidance on consumer law and DMCCA risks - 7 April 2026
FCA regulatory priorities 2026: Cross-sector themes and what they mean for firms - 31 March 2026
FCA turns to AI to fight fraud: What the Palantir contract means for financial regulation – 27 March 2026
EU AI Act Impact Assessment - 6 August 2025
AI and the future of payments - 11 July 2025
Agentic AI: A Short Introduction and Key Legal Considerations - 02 July 2025
AI and financial crime - 27 June 2025
Staying Ahead in the Age of Agentic AI - 25 June 2025
Agentic AI and Data - 20 June 2025
How is the FCA planning to regulate AI? - 20 May 2024

Bank accounts & deposits

FCA and PRA publish final rules on operational incident reporting: firms have to ready by 18 March 2027 - 24 April 2026
SM&CR reform: HM Treasury announces Senior Managers and Certification Regime reforms - 24 April 2026
FCA finalises Phase 1 SM&CR reforms: what firms need to do now - 23 April 2026
PRA publishes Phase 1 SM&CR reforms: what firms need to know now - 23 April 2026
FCA regulatory priorities 2026: Cross-sector themes and what they mean for firms - 31 March 2026
FCA publishes consumer understanding good practice and areas for improvement - 27 March 2026
PRA, BoE and FCA material third-party reporting requirements - 27 March 2026
Fraud Strategy 2026 - 2029 - 13 March 2026
UK's anti-corruption strategy 2025: A clear call to action for business and government - 17 December 2025
Gaps in Financial Crime Oversight in Corporate Finance Firm - 24 October 2025
Combating Romance Fraud - FCAs Expectations - 23 October 2025
Overview of new proposed draft EBA Guidelines - 23 July 2025
UK strengthens protections against debanking - 25 June 2025
PSR draft guidance on APP reimbursement - 25 July 2024
PSR provisionally find that Visa and Mastercard face a lack of effective competition - 11 June 2024
PSR letter on mandatory reimbursement implementation - 30 May 2024
New APP fraud reimbursement scheme for CHAPS payments - 28 May 2024
Legislative changes impacting payment account terms and processes - 15 May 2024
A new framework for Open Banking - 24 April 2024
FCA strengthens protections for customers in financial difficulty - 12 April 2024
Consumer Duty: Guidance and implementation for closed products - 05 April

Consumer Duty

FCA puts inactive appointed representatives under the microscope - 21 April 2026
FCA sets expectations for stronger outcome-focused governance in Year 3 Consumer Duty board reporting - 17 April 2026
CMA issues first fine for breach of consumer law under the DMCC Act in drip pricing case - 16 April 2026
FCA regulatory priorities 2026: Cross-sector themes and what they mean for firms - 31 March 2026
CMA steps up its crackdown on fake and misleading reviews - 30 March 2026
FCA publishes consumer understanding good practice and areas for improvement - 27 March 2026
Recent FCA focus on insurance - 8 January 2026
Digital design in customers' online journeys: FCA good practice and areas for improvement - 4 August 2025
The FCA's expectations of outcomes monitoring under the Consumer Duty - 8 January 2025
Updates to the Financial Crime Guide - 12 December 2024
Consumer Duty: Guidance and implementation for closed products - 5 April 2024

Consumer finance

FCA and PRA publish final rules on operational incident reporting: firms have to ready by 18 March 2027 - 24 April 2026
SM&CR reform: HM Treasury announces Senior Managers and Certification Regime reforms - 24 April 2026
FCA finalises Phase 1 SM&CR reforms: what firms need to do now - 23 April 2026
FCA puts inactive appointed representatives under the microscope - 21 April 2026
FCA publishes consumer understanding good practice and areas for improvement - 27 March 2026
PRA, BoE and FCA material third-party reporting requirements - 27 March 2026
Navigating the FCA's new consumer credit reporting obligations - 27 February 2026
‍Getting ready for the FCA's Buy Now Pay Later Regime - 6 February 2026‍
FCA Consultation on Motor Finance Redress Scheme - 13 October 2025‍
Digital design in customers' online journeys: FCA good practice and areas for improvement - 4 August 2025‍
FCA Consultation on new rules for Deferred Payment Credit (unregulated Buy Now Pay Later) - Proposed approach to regulation (CP25/23) - 31 July 2025‍
Consumer Credit Reform - What's coming next - 28 May 2025‍
Consumer Credit - Product Sales Data Reporting - 24 June 2024 ‍
FCA strengthens protections for customers in financial difficulty - 12 April 2024‍
Consumer Duty: Guidance and implementation for closed products - 05 April 2024

‍

Contentious regulatory

FCA puts inactive appointed representatives under the microscope - 21 April 2026
UK Government strengthens AML and crypto controls through the Money Laundering and Terrorist Financing (Amendment) Regulations 2026 - 30 March
UK Supreme Court confirms broad reach of Russia sanctions and suspends payment obligations under letters of credit - 30 March
FCA turns to AI to fight fraud: What the Palantir contract means for financial regulation – 27 March 2026
DMCC Act- The next chapter for CMA Consumer Law Enforcement - 10 February 2026
OFSI Enforcement Process Reforms - 4 February 2026
Non-financial misconduct: FCA draws the line – are you ready to lead on tackling misconduct? - 13 January 2026
FCA Consultation on Motor Finance Redress Scheme - 13 October 2025
Supreme Court Judgment on Motor Commission - 2 August 2025
Leeds Reforms: Focus on the Financial Ombudsman Service and modernising the redress system - 24 July 2025
FCA Policy Statement: Enforcement Guide & Transparency Reforms - 30 June 2025
Supreme Court sets out the test for where, in joint borrowing, a lender is on notice of potential undue influence - 05 June 2025
FCA charges first individual with running a network of illegal crypto ATMs - 27 September 2024
Regulatory priorities for payment firms - 04 July 2024
Concerns raised over FCA's new approach to enforcement - 28 May 2024
FCA anti-greenwashing rule - Managing regulatory and litigation risk - 14 May 2024
FCA anti-greenwashing rule - Consultation responses highlight industry's concern to mitigate litigation risk - 23 April 2024
A new approach - the FCA Enforcement Guide - 08 March 2024

Digital assets

SM&CR reform: HM Treasury announces Senior Managers and Certification Regime reforms - 24 April 2026
FCA regulatory priorities 2026: Cross-sector themes and what they mean for firms - 31 March 2026
FCA publishes consumer understanding good practice and areas for improvement - 27 March 2026
Tick-Tock goes the Crypto Click: FCA says the time to think about authorisation is now - 30 January 2026

Economic crime

FCA's findings on Customer Due Diligence processes and controls: Good and poor practices - 24 April 2026
FCA and PRA publish final rules on operational incident reporting: firms have to ready by 18 March 2027 - 24 April 2026
SFO publishes Business Plan for 2025 - 26: Geared for the future - 17 April 2026
The FCA highlights the due diligence risks for firms when dealing with unregulated lenders - 1 April 2026
FCA regulatory priorities 2026: Cross-sector themes and what they mean for firms - 31 March 2026
UK Government strengthens AML and crypto controls through the Money Laundering and Terrorist Financing (Amendment) Regulations 2026 - 30 March
UK Supreme Court confirms broad reach of Russia sanctions and suspends payment obligations under letters of credit - 30 March
FCA turns to AI to fight fraud: What the Palantir contract means for financial regulation – 27 March 2026
Fraud Strategy 2026 - 2029 - 13 March 2026
Understanding the UK’s Ownership and Control Test: Insights from the latest call for evidence - 25 February 2026
OFSI Enforcement Process Reforms - 4 February 2026
FATF Horizon Scan: AI & Deepfakes — Impacts on AML/CFT/CPF - 5 January 2026
UK's anti-corruption strategy 2025: A clear call to action for business and government - 17 December 2025
Updated NCA SARs Best Practice Guidance (Nov 2025) - 11 December 2025
From tick-box to culture: What the new SFO guidance means for organisations - 2 December 2025
Gaps in Financial Crime Oversight in Corporate Finance Firms - 24 October 2025
Combating Romance Fraud - FCAs Expectations - 23 October 2025
Strengthening Trade Sanctions Compliance - Real World Lessons in Trade Sanctions Breach Detection - 22 October 2025
Improving Civil Enforcement Processes for Financial Sanctions - 26 September 2025
CPS and SFO: "Corporations must get their house in order"- 11 September 2025
Unpacking the 2025 MLRs Amendments - 10 September 2025
Navigating the UK's Economic Crime and Corporate Transparency Act - 1 September 2025
Sanctions Digest: "De-listing cases" - challenges to sanctions designations - 7 August 2025
FCA Guidance on PEPs - Finalised Guidance Summary - 22 July 2025
HM Treasury's MLRs reform response- 18 July 2025
AI and financial crime - 27 June 2025
Cross-Government Sanctions Enforcement Review - 20 June 2025
UK Finance Annual Fraud Report 2025- 19 June 2025
SFO sets out route for businesses to avoid prosecution - 02 May 2025
OFSI publishes financial services threat assessment report - 03 March 2024
UK Finance publishes failure to prevent fraud guidance - 18 February 2025
Adopting a system of financial rewards for whistleblowers in the UK - 19 December 2024
Updates to the Financial Crime Guide - 12 December 2024
Government issues failure to prevent fraud guidance - 07 November 2024
Spotlight on the role of unlicensed cryptoasset exchanges in money laundering - 29 October 2024
Reforms to APP fraud regulation: an update - 29 October 2024
US Department of Justice releases updated guidance on evaluating corporate compliance programmes - 10 October 2024
FCA charges first individual with running a network of illegal crypto ATMs - 27 September 2024
FCA releases consultation on its approach to APP fraud - 17 September 2024
Guidance on "reasonable cause to suspect" - 30 July 2024
FCA calls on firms to improve treatment of Politically Exposed Persons - 19 July 2024
The FCA - A smart way to tackle financial crime - 10 July 2024
Court of Appeal decision - impact of international sanctions on obligations under letters of credit - 13 June 2024
PSR letter on mandatory reimbursement implementation - 30 May 2024
New APP fraud reimbursement scheme for CHAPS payments - 28 May 2024
UK Finance Annual Fraud Report - 24 May 2024
Legislative changes impacting payment account terms and processes - 15 May 2024
FCA consults on updates to the Financial Crime Guide - 08 May 2024
FCA warns firms on common failings they've found in financial crime controls - 08 March 2024

General insurance

FCA and PRA publish final rules on operational incident reporting: firms have to ready by 18 March 2027 - 24 April 2026
SM&CR reform: HM Treasury announces Senior Managers and Certification Regime reforms - 24 April 2026
FCA finalises Phase 1 SM&CR reforms: what firms need to do now - 23 April 2026
PRA publishes Phase 1 SM&CR reforms: what firms need to know now - 23 April 2026
FCA puts inactive appointed representatives under the microscope - 21 April 2026
FCA turns to AI to fight fraud: What the Palantir contract means for financial regulation – 27 March 2026
FCA Regulatory Priorities - Insurance: What intermediaries and distributors need to know - 5 March 2026
Recent FCA focus on insurance - 8 January 2026
Simplifying the insurnace rules - FCA's policy statement PS25/21 - 22 December 2025

‍

General regulatory

FCA and PRA publish final rules on operational incident reporting: firms have to ready by 18 March 2027 - 24 April 2026
SM&CR reform: HM Treasury announces Senior Managers and Certification Regime reforms - 24 April 2026
FCA finalises Phase 1 SM&CR reforms: what firms need to do now - 23 April 2026
PRA publishes Phase 1 SM&CR reforms: what firms need to know now - 23 April 2026
FCA puts inactive appointed representatives under the microscope - 21 April 2026
FCA sets expectations for stronger outcome-focused governance in Year 3 Consumer Duty board reporting - 17 April 2026
CMA issues first fine for breach of consumer law under the DMCC Act in drip pricing case - 16 April 2026
CMA focus on AI, collusion and competition law: What you need to know - 10 April 2026
The Bank of England and PRA set out plans for safe AI innovation: What firms need to know - 10 April 2026
Agentic AI: CMA publishes guidance on consumer law and DMCCA risks - 7 April 2026
The FCA highlights the due diligence risks for firms when dealing with unregulated lenders - 1 April 2026
FCA regulatory priorities 2026: Cross-sector themes and what they mean for firms - 31 March 2026
CMA steps up its crackdown on fake and misleading reviews - 30 March 2026
UK Supreme Court confirms broad reach of Russia sanctions and suspends payment obligations under letters of credit - 30 March
UK Supreme Court confirms broad reach of Russia sanctions and suspends payment obligations under letters of credit - 30 March
FCA turns to AI to fight fraud: What the Palantir contract means for financial regulation – 27 March 2026
Fraud Strategy 2026 - 2029 - 13 March 2026
Understanding the UK’s Ownership and Control Test: Insights from the latest call for evidence - 25 February 2026
OFSI Enforcement Process Reforms - 4 February 2026‍
FATF Horizon Scan: AI & Deepfakes — Impacts on AML/CFT/CPF - 5 January 2026

UK's anti-corruption strategy 2025: A clear call to action for business and government - 17 December 2025
Updated NCA SARs Best Practice Guidance (Nov 2025) - 11 December 2025
From tick-box to culture: What the new SFO guidance means for organisations - 2 December 2025
Gaps in Financial Crime Oversight in Corporate Finance Firms - 24 October 2025
Combating Romance Fraud - FCAs Expectations - 23 October 2025
Strengthening Trade Sanctions Compliance - Real World Lessons in Trade Sanctions Breach Detection - 22 October 2025
Improving Civil Enforcement Processes for Financial Sanctions - 26 September 2025
CPS and SFO: "Corporations must get their house in order"- 11 September 2025
Unpacking the 2025 MLRs Amendments - 10 September 2025
Navigating the UK's Economic Crime and Corporate Transparency Act - 1 September 2025
Sanctions Digest: "De-listing cases" - challenges to sanctions designations - 7 August 2025
FCA Guidance on PEPs - Finalised Guidance Summary - 22 July 2025
HM Treasury's MLRs reform response- 18 July 2025
AI and financial crime - 27 June 2025
Cross-Government Sanctions Enforcement Review - 20 June 2025
UK Finance Annual Fraud Report 2025- 19 June 2025
SFO sets out route for businesses to avoid prosecution - 02 May 2025
OFSI publishes financial services threat assessment report - 03 March 2024
UK Finance publishes failure to prevent fraud guidance - 18 February 2025
Adopting a system of financial rewards for whistleblowers in the UK - 19 December 2024
Updates to the Financial Crime Guide - 12 December 2024
Government issues failure to prevent fraud guidance - 07 November 2024
Spotlight on the role of unlicensed cryptoasset exchanges in money laundering - 29 October 2024
Reforms to APP fraud regulation: an update - 29 October 2024
US Department of Justice releases updated guidance on evaluating corporate compliance programmes - 10 October 2024
FCA charges first individual with running a network of illegal crypto ATMs - 27 September 2024
FCA releases consultation on its approach to APP fraud - 17 September 2024
Guidance on "reasonable cause to suspect" - 30 July 2024
FCA calls on firms to improve treatment of Politically Exposed Persons - 19 July 2024
The FCA - A smart way to tackle financial crime - 10 July 2024
Court of Appeal decision - impact of international sanctions on obligations under letters of credit - 13 June 2024
PSR letter on mandatory reimbursement implementation - 30 May 2024
New APP fraud reimbursement scheme for CHAPS payments - 28 May 2024
UK Finance Annual Fraud Report - 24 May 2024
Legislative changes impacting payment account terms and processes - 15 May 2024
FCA consults on updates to the Financial Crime Guide - 08 May 2024
FCA warns firms on common failings they've found in financial crime controls - 08 March 2024
PRA, BoE and FCA material third-party reporting requirements - 27 March 2026
Fraud Strategy 2026 - 2029 - 13 March 2026
FCA Regulatory Priorities - Insurance: What intermediaries and distributors need to know - 5 March 2026
Navigating the FCA's new consumer credit reporting obligations - 27 February 2026
DMCC Act- The next chapter for CMA Consumer Law Enforcement - 10 February 2026
OFSI Enforcement Process Reforms - 4 February 2026
The Cyber Security and Resilience Bill: Understanding the UK's Legislative Response to Digital Threats - 26 Janaury 2026
Non-financial misconduct: FCA draws the line – are you ready to lead on tackling misconduct? - 13 January 2026
Recent FCA focus on insurance - 8 January 2026
Simplifying the insurance rules - FCA's policy statement PS25/21 - 22 December 2025
FATF Horizon Scan: AI & Deepfakes — Impacts on AML/CFT/CPF - 5 January 2026
FCA Consultation on Motor Finance Redress Scheme - 13 October 2025
Leeds Reforms: Consultation on FOS fee reform - 19 August 2025
Digital design in customers' online journeys: FCA good practice and areas for improvement - 4 August 2025
FCA Consultation on new rules for Deferred Payment Credit (unregulated Buy Now Pay Later) - Proposed approach to regulation (CP25/23) - 31 July 2025
Leeds Reforms: Focus on the Financial Ombudsman Service and modernising the redress system - 24 July 2025
Leeds Reforms: FS Sector Strategy: Cross-Cutting Reforms and Speeding Up Regulatory Approvals - 24 July 2025
Overview of new proposed draft EBA Guidelines - 23 July 2025
Key points for your compliance teams on the new proposed draft EBA Guidelines - 23 July 2025
Key points for your legal teams on the new proposed draft EBA Guidelines - 23 July 2025
Tackling non-financial misconduct in financial services - 08 July 2025
FCA Policy Statement: Enforcement Guide & Transparency Reforms - 30 June 2025
US Department of Justice releases updated guidance on evaluating corporate compliance programmes - 10 October 2024
PSR draft guidance on APP reimbursement - 25 July 2024
Regulatory priorities for payment firms - 04 July 2024
Consumer Credit - Product Sales Data Reporting - 24 June 2024
PSR letter on mandatory reimbursement implementation - 30 May 2024
New APP fraud reimbursement scheme for CHAPS payments - 28 May 2024
Legislative changes impacting payment account terms and processes - 15 May 2024
FCA strengthens protections for customers in financial difficulty - 12 April 2024
Consumer Duty: Guidance and implementation for closed products - 05 April 2024

Mortgages & secured lending

FCA and PRA publish final rules on operational incident reporting: firms have to ready by 18 March 2027 - 24 April 2026
FCA finalises Phase 1 SM&CR reforms: what firms need to do now - 23 April 2026
FCA puts inactive appointed representatives under the microscope - 21 April 2026
Renting across jurisdictions? Make sure you understand the differences - 13 April 2026
FCA regulatory priorities 2026: Cross-sector themes and what they mean for firms - 31 March 2026
FCA publishes consumer understanding good practice and areas for improvement - 27 March 2026
PRA, BoE and FCA material third-party reporting requirements - 27 March 2026
Commonhold and Leasehold Bill update: What is it all about? - 30 January 2026
High Court Upholds Possession Order: Brocklesby Principle and Overriding Interests - 8 January 2026‍
HM Treasury 2025 Mortgage Guarantee Scheme as FCA eases advice and affordability rules - 30 July‍
PRA & FCA raise high LTI lending cap to £150M - 16 July 2025‍
Supreme Court sets out the test for where, in joint borrowing, a lender is on notice of potential undue influence - TLT LLP - 05 June 2025
‍PRA and FCA raise high LTI lending cap to £150M - 16 July 2025 ‍
Court of Appeal considers Etridge in relation to hybrid mortgage advances - 18 April 2025
‍FCA strengthens protections for customers in financial difficulty - 12 April 2024‍
Consumer Duty: Guidance and implementation for closed products - 05 April

Payments

FCA and PRA publish final rules on operational incident reporting: firms have to ready by 18 March 2027 - 24 April 2026
FCA regulatory priorities 2026: Cross-sector themes and what they mean for firms - 31 March 2026
UK Government strengthens AML and crypto controls through the Money Laundering and Terrorist Financing (Amendment) Regulations 2026 - 30 March
UK Supreme Court confirms broad reach of Russia sanctions and suspends payment obligations under letters of credit - 30 March
FCA publishes consumer understanding good practice and areas for improvement - 27 March 2026
PRA, BoE and FCA material third-party reporting requirements - 27 March 2026
Retail Agility: The Future of Payments - 23 February 2026
UK's anti-corruption strategy 2025: A clear call to action for business and government - 17 December 2025
Gaps in Financial Crime Oversight in Corporate Finance Firms - 24 October 2025
Combating Romance Fraud - FCAs Expectations - 23 October 2025
Overview of new proposed draft EBA Guidelines – 23 July 2025
AI and the future of payments - 11 July 2025
Key developments in Variable Recurring Payments - 25 June 2025
Regulatory changes impacting the payments market - 25 June 2025
Payments market update - 25 June 2025
Payments - some key legal / regulatory updates for 2025 - 25 June 2025
Digital wallets and big tech - 17 February 2025
Reforms to APP fraud regulation: an update - 29 October 2024
FCA releases consultation on its approach to APP fraud - 17 September 2024
Regulatory priorities for payment firms - 04 July 2024
EU proposals for new payment services legislation - 04 July 2024
Payments market update - Summer 2024 - 12 June 2024
PSR provisionally find that Visa and Mastercard face a lack of effective competition - 11 June 2024
PSR letter on mandatory reimbursement implementation - 30 May 2024
New APP fraud reimbursement scheme for CHAPS payments - 28 May 2024
Legislative changes impacting payment account terms and processes - 15 May 2024
A new framework for Open Banking - 24 April 2024

Pensions, Asset Management and Wealth Management

SM&CR reform: HM Treasury announces Senior Managers and Certification Regime reforms - 24 April 2026
FCA finalises Phase 1 SM&CR reforms: what firms need to do now - 23 April 2026
PRA publishes Phase 1 SM&CR reforms: what firms need to know now - 23 April 2026
FCA puts inactive appointed representatives under the microscope - 21 April 2026
FCA's guidance on targeted support in consumer segment design: considerations for firms - 14 April 2026
FCA regulatory priorities 2026: Cross-sector themes and what they mean for firms - 31 March 2026
FCA publishes consumer understanding good practice and areas for improvement - 27 March 2026
PRA, BoE and FCA material third-party reporting requirements - 27 March 2026
‍Financial Services Reforms: Takeaways for SIPP and SSAS providers - 11 August 2025

Prudential

PRA publishes Phase 1 SM&CR reforms: what firms need to know now - 23 April 2026
Basel 3.1 PRA Policy Statement - Key Points and Implementation Dates - 22 January 2026

Leeds Reforms: Learn more

In focus • 24 july 2025

Leeds Reforms

On 15 July 2025, the Chancellor delivered her Mansion House speech, unveiling a series of reforms aimed at enhancing the UK's financial services sector, collectively referred to as the “Leeds Reforms”. We provide a summary of the key themes.