Stapled W&I policies and synthetic policies will likely be increasingly common features of E&I transactions, although their feasibility should be assessed case by case.
By Simon J. Tysoe and Devdeep Ghosh
Warranty and indemnity insurance (W&I) is a long-established feature
The FRC’s future work will be assessed through the lens of the UK’s economic growth and international competitiveness.
By Mark Austin, Chris Horton, James Inness, Anna Ngo, and Johannes Poon
On 7 November 2023, the FRC
The Act demonstrates the UK’s renewed commitment to reaching net zero and paves the way for players in key industries to achieve their targets.
By Tom Bartlett, Paul A. Davies, JP Sweny, Michael D. Green, James
Companies had raised serious concerns about the additional red tape that the proposed reporting obligations would require.
By Mark Austin, Chris Horton, James Inness, Anna Ngo, and Johannes Poon
On 16 October 2023, the UK government
Individuals continue to face risk from prosecutions for economic crime, despite media focus on corporate criminal liability reforms.
By Stuart Alford KC, Mair Williams, and Matthew Unsworth
Four individuals have today appeared at Westminster Magistrates’ Court charged with
The proposals would give the Bank of England wide-ranging powers to deal with acute failure scenarios, treating policyholder liabilities as loss-absorbing.
By Victoria Sander and Tim Scott
HM Treasury is proposing a new UK resolution regime for insurers that would
FSMA 2023 includes a court procedure for failing insurers to temporarily write-down liabilities, with implications for counterparties.
By Victoria Sander and Tim Scott
The recently passed Financial Services and Markets Act 2023 (FSMA 2023) provides for a new write-down procedure
A new publication from the UK’s financial regulator signals to firms that they should take steps to manage risks in the use of AI.
By Stuart Davis, Fiona M. Maclean, Gabriel Lakeman, and Imaan Nazir
The UK’s
The UK government has signalled the importance of introducing a permanent superfund regulatory regime.
After the excitement around Clara-Pensions’ approval as a “superfund”, or pension consolidator, in late 2021, the market generally expected that other pension superfund
The FCA reveals its initial thinking on the regulatory framework for primary multilateral trading facilities and public offer platforms.
By Chris Horton, James Inness, Anna Ngo, and Johannes Poon
On 13 July 2023, the FCA published its