Good news at last? Financial services sector rebounds at fastest rate this century April 7, 2026 Britain’s financial services sector rebounded in the first three months of this year powered by the fastest single-quarter recovery since 1996, a closely watched survey found. According to the CBI’s industry-wide survey, sentiment among financial firms improved for the first time in nearly two years, as an uptick in profitability was aided by the uncertainty [...]
A grassroots crypto campaign just forced its way into the House of Lords. Now it wants to reshape British banking March 25, 2026 When Stand With Crypto UK launched a petition calling for a national stablecoin strategy six months ago, few expected it to end up in the corridors of Westminster, but as the petition closed with almost 85,000 signatures it had already more than achieved the petitioners’ aims. Stand With Crypto UK, a grassroots organisation, can now [...]
Hike in conduct breach reports to FCA ahead of new rules rollout March 23, 2026 There has been a substantial increase in reports of conduct breaches made to the financial watchdog, with the spotlight on City behaviour amid ongoing legal proceedings regarding the disgraced financier Crispin Odey. The Financial Conduct Authority (FCA) received 10 per cent more complaints in 2024 compared to the previous year, according to the law firm [...]
Bank of England rebuffs calls to speed up ‘shadow banking’ stress test March 19, 2026 The Bank of England has rejected calls to speed up its inaugural stress test of the private credit industry, despite growing fears that a downturn in so-called shadow banking may pose a systemic threat to the global financial system. In a letter to the House of Lords’ Financial Services and Regulation Committee seen by City [...]
FCA tightens cyber reporting rules as UK firms face rising risk March 18, 2026 The City watchdog has moved to tighten cyber and operational resilience rules for financial firms, as attacks grow more frequent and increasingly spread through third-party providers. The Financial Conduct Authority (FCA) confirmed new requirements to standardise how firms report incidents and manage third-party risks, in a bid to improve visibility over disruptions ranging from cyber [...]
UK has ‘done little to diverge’ from Europe since Brexit February 24, 2026 The UK has “done little to diverge” with the European Union on regulation since Brexit, a new report suggests, but that has not stopped the bloc’s own legislation increasing divergence between the two jurisdictions. Across a swathe of issues, analysts at UK in a Changing Europe (UKICE) said the UK had cleaved much closer to [...]
HBO’s Industry shows finance is sexy again January 28, 2026 HBO's finance romp Industry didn't make an impact in 2020. Is its 2026 rise a recession indicator? Matt Kenyon muses.
Financial services set for hiring spree for AI experts in 2026 January 26, 2026 British banks and finance firms are hunting for behavioural science and psychology experts for ethical AI jobs, as worries about misusing the technology build, experts have said. A desire to accelerate recruitment in 2026 comes after one of the worst years for hiring in the financial services sector since the 2008 financial crisis. Some 55 [...]
Reeves told City at ‘critical juncture’ after claims of golden age January 25, 2026 Rachel Reeves has been handed a firm warning that Britain’s financial ecosystem is facing a “critical juncture” even after the Chancellor touted a “golden age” of opportunity for the City. The Chancellor faces a call to action following a report from lobby group TheCityUK and Big Four consultancy giant PwC revealing the “hard truth” that [...]
Climate minister: We can’t tackle the climate crisis without the City January 23, 2026 As climate minister, I want to work with people who can actually deliver real change, which is why I need the City, writes Katie White.