Regulatory

Failure to prevent fraud, sexual harassment & more: Kerry Garcia & James Evison unpack the increasing number of compliance measures facing UK businesses this year

Iris Karaman & Kate Chan discuss the practical impact of the EU’s proposed ‘Omnibus’ package

The European Commission’s proposed ‘Omnibus’ package sets out an array of proposed amendments to simplify corporate sustainability requirements and reduce paperwork. In this week’s NLJ, Iris Karaman, senior associate, and Kate Chan, associate, at Pillsbury Law, look at the ‘Omnibus’ content and assess its practical implications for business.

Both the Bar and solicitors’ regulators have failed to meet required standards in their annual Legal Services Board (LSB) performance assessment.

One single regulator for all legal services, regulation of all paralegals and a duty on regulators to ‘creatively’ tackle access to justice barriers are among a raft of proposals being considered by the Legal Services Board (LSB).

Johnson v FirstRand sent ‘shockwaves through the financial services industry’, write Eddie Flanagan, partner and specialist in asset and debt recovery, and Harpreet Sandhu, Chartered Legal Executive at Shakespeare Martineau, in this week’s NLJ. They discuss the case and its astonishing implications. For example, Santander UK revealed in November that it has set aside £295m for potential compensation.

With artificial intelligence (AI) advancing at dizzying speed, is the UK too slow to regulate? In this week’s NLJ, Robert Taylor, CEO and general counsel at 360 Law Group, explores the risks of inadequate regulation in this sector, including for the economy.

The transformative potential of AI is undeniable, but so are its risks: Robert Taylor explains why the UK must act now to legislate

Is the anti-money laundering regime too vague? In this week’s NLJ, Jonathan Fisher KC, Red Lion Chambers, looks at two recent cases involving solicitors where the standards applied were assessed according to whether they were ‘adequate’ or ‘appropriate’.

What are ‘adequate’ & ‘appropriate’ measures to take against money laundering? Jonathan Fisher KC urges regulators to exercise some restraint