United Kingdom: Finance and Banking

The Financial Conduct Authority has published comprehensive final rules establishing an end-to-end regulatory framework for cryptoasset firms in the UK, marking one of the largest extensions of the FCA's regulatory reach in recent memory. With authorisation requirements taking effect in October 2027 and a critical application window opening in September 2026, firms operating in the cryptoasset space face significant compliance obligations including financial resilience requirements, market integrity provisi

Lizzie Egan interviews Aidan Faik, senior private banker and head of landed estates at Weatherbys Private Bank, exploring current trends in rural property finance, from residential portfolio challenges and holiday let opportunities to the complexities of trust structures and biodiversity net gain projects. The conversation examines how Basel 3.1 regulations will fundamentally reshape lending terms for estate owners, and why understanding the residential versus commercial classification of property has becom

The Bank of England (Bank) has published its long‑awaited policy statement on sterling-denominated stablecoins and a draft Code of Practice for sterling‑denominated systemic stablecoin issuers...

The decision indicates that the minority creditors intend to bring a claim against the security trustee and majority creditors, in which they will seek to unwind an out-of-court restructuring

The Bank of England (Bank) has published its long‑awaited policy statement on sterling-denominated stablecoins and a draft Code of Practice for sterling‑denominated systemic stablecoin issuers...

The European Union's Listing Act package has introduced its final wave of changes to the Prospectus Regulation, fundamentally reshaping how debt capital markets participants must structure and present offering documents. These reforms include mandatory sequencing requirements, consolidated disclosure annexes, and new ESG-specific disclosure obligations that will affect issuers, underwriters, and legal advisors across EU regulated markets.

Lizzie Egan interviews Aidan Faik, senior private banker and head of landed estates at Weatherbys Private Bank, exploring current trends in rural property finance, from residential portfolio challenges and holiday let opportunities to the complexities of trust structures and biodiversity net gain projects. The conversation examines how Basel 3.1 regulations will fundamentally reshape lending terms for estate owners, and why understanding the residential versus commercial classification of property has becom

On 9 July 2026, the UK’s Financial Conduct Authority (FCA) released Consultation Paper 26/18 (CP 26/18) on the “Mortgage Rule Review: supporting first-time buyers and underserved consumers”.

The Commercial Court's decision in Shukla v St James Bank clarifies that non-recourse lending structures cannot eliminate a borrower's equity of redemption under English law. When a lender refused to cooperate with loan repayment and attempted to retain collateral based on technical defaults, the court struck down contractual provisions that sought to forfeit redemption rights and awarded substantial damages for breach of contract.

The UK Financial Conduct Authority is consulting on proposed changes to its Decisions Procedure and Penalties Manual, which governs how the regulator imposes financial penalties and public censures in enforcement cases. The consultation period runs until August 10, 2026, inviting stakeholders to comment on the proposed policy modifications.

This comprehensive regulatory roundup examines the latest FinTech developments across global jurisdictions for the week ending 3 July 2026. From the FCA's finalisation of the UK cryptoasset regime and the Bank of England's stablecoin framework to AMLA's advisory on MiCAR transitional risks and regulatory updates from Hong Kong, Singapore, Malaysia, and the US, discover how regulators worldwide are shaping the future of digital assets, payments, and financial innovation.

In a securities class actions brought against Entain Plc under ss. 90 and 90A of the Financial Services and Markets Act 2000 (FSMA), the High Court has held that issues of reliance and causation...