Critical Third Parties serving the UK financial sector must ready themselves for compliance with the newly proposed operational resilience requirements.
By Rob Moulton, Fiona Maclean, and Charlotte Collins
On 7 December 2023, the PRA, FCA, and BoE jointly
A recent ruling confirms judicial discretion to stay proceedings and instruct parties to seek non-court-based alternatives to litigation.
By Nell Perks and Duncan Graves
The English Court of Appeal has ruled that the court has the authority to stay proceedings
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
