The UK government has backed an approach to regulating AI that is “context-based” and has rejected creating “unnecessary blanket rules” that apply to the technology in general, according to its response to consultation in its AI Regulation White Paper Read more

While the Financial Reporting Council’s (FRC) revised UK Corporate Governance Code is not as wide-ranging as originally expected, it has significantly increased boards’ responsibility for risk management oversight.

In addition, the code now requires governance reporting to Read more

The Bank of England (BoE) together with regulatory authorities have launched a series of documents which will form the basis for a new sterling-denominated stable coin regime for Britain.

Papers published in November 2023 by BoE, the Financial Read more

Climate-related litigation is becoming a major source of risk as cases against businesses continue to rise, according to Frank Elderson, a member of the executive board of the European Central Bank (ECB).

Speaking at the ECB’s legal conference in Read more

The International Standards Setting Board released two major documents on sustainability in June – IFRS1 and IFRS2. 

IFRS1 set out the General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 sets out Climate-related Disclosures. Together the Read more

The system of local auditing in the UK is “close to breaking point”, the House of Commons Committee on Public Accounts (PAC) said. 

Local government bodies looking to publish their accounts for 2021-22 received only 12 per cent of Read more

European car manufacturers have warned the UK government to renegotiate its Brexit arrangements with Europe or risk losing thousands of jobs in the UK.

In May, the world’s third largest carmaker Stellantis (which owns brands such as Citroen, Peugeot Read more